John W. Forbes II, state secretary of finance under former Virginia Gov. Jim Gilmore, has been sentenced to 10 years in prison after pleading guilty to federal wire fraud charges. It is by far the biggest scandal involving a state cabinet-level official in years. The case also raises questions about a state entity that is supposed to use money obtained in a massive 1998 lawsuit settlement against four major tobacco companies for the public good. ... Jump to full article >>

TIVAT, Montenegro — “This is better than St. Tropez,” Milo Djukanovic, the prime minister of Montenegro, exclaimed as he took in a display of yachts berthed in this mountain-shrouded bay on the eastern shore of the Adriatic Sea. Hardly. But if Mr. Djukanovic and a group of foreign businessmen supporting him have their way, the port of Tivat, now just 20 percent complete, could become a new playground for the super-rich and the centerpiece ... Jump to full article >>