What does an Island and the letter T have in common?

Spot what is wrong here in below Picture?

There are 2 cops parked along a one-way street looking for traffic violations. They spot a taxi driver going in the wrong direction, yet they do nothing.

Why?

Get total of 120 by using five zeros 0,0,0,0,0 and any one mathematical operator.
Do you ?

Remove two matchsticks to make the below equation correct.

Can you guess the name of the month by looking the below rebus ?

Can you convert the number zero(0) into a positive number using just one mathematical operator ?

When is the top of a mountain similar to a savings account?

Can you decipher the following common phrase?

T M C
A U O
H S M
W T E

A convention is held where all the big logicians are summoned. The master places a band on everyone's forehead. Now all of them can see others bands but can't see his own. Then they are told that there are different colours of bands. All the logicians sit in circle and they are further explained that a bell will ring at regular intervals. The moment when a logician knew the colour of band on his forehead, he will leave at the next bell. If anyone leaves at the wrong bell, he will be disqualified.

The master assures the logicians that the puzzle will not be impossible for anyone of them. How will the logicians manage ?