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...Netherlands and Austria) shared ever-increasing drug trafficking and money-laundering problems, in large part because of their high-denomination notes. The ecb stoutly maintains that issuing high-denomination notes does not in itself encourage underground or illegal transactions. The key words there being "in itself." The plain truth is that the €500 note facilitates money laundering and cuts the cost of doing business for crooks. That's why British gangsters with any brains will already have drawn a lesson from the mob that couldn't launder a pair of dirty socks. Next time, they'll hit a cash...

Author: /time Magazine | Title: The Criminal's Currency of Choice | 7/23/2006 | See Source »

...truth, Bush and Rice know those paths well. Everyone does. There is no mystery to the theory of peace in the Middle East; it's the practice that has proved so difficult. But it is worth setting out the keys to peace that--with time, patience and goodwill in an area where they are in chronically short supply--might one day allow people to concentrate on building a better life for their children rather than scurrying into bolt-holes and shelters. Here are six of them...

Author: /time Magazine | Title: Six Keys to Peace | 7/23/2006 | See Source »

...press might have less difficulty withholding the details of ongoing national-security programs if it were not distracted by the grandiose notion that it must "speak truth to power." A better objective would be to provide accurate and useful information. That may not sound as exciting, but it is a clearer conception of what the public needs...

Author: /time Magazine | Title: Letters: Jul. 31, 2006 | 7/23/2006 | See Source »

...Truth is, Hammer never pretends to be a political sophisticate. "I haven't voted since they dissolved the Whig Party," he says in One Lonely Night. And his agenda is at least as much anarchist as it is fascist. He's against all the big people who prey on the little people, and has elected himself to wipe out the scourge. His tone is not so much political as Biblical - Old Testament. He's the cleansing plague...

Author: /time Magazine | Title: The Prince of Pulp | 7/22/2006 | See Source »

...completely false accusation. Jiro Okuyama, Director Japan Information Center Consulate General of Japan New York City I fear that an insufficient level of detail in the article will lead readers to believe that Norway is conducting an unnecessary and irresponsible slaughter of endangered whales, which is far from the truth. The Norwegian whale hunt is strictly regulated and scientifically monitored to ensure a continued healthy population of the target species, the plentiful minke whale. In a country where only 3% of the land is arable, maintaining a small capability to obtain a domestic source of food means looking...

Author: /time Magazine | Title: India Ascending | 7/18/2006 | See Source »

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