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...declares only the revenue for which he has issued receipts. The system works because further up the chain his suppliers only declare half of what they sell him, and further up still, someone brings many of the goods into the country without paying the full customs duties. So far, Dimitris says, his store hasn't been audited. But when the tax authorities come to look at his books, he knows how the conversation will go. He'll invite them in and offer them a whiskey or a coffee and wait until the mood is right. He's done it before...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...didn't have to. Other roles soon followed as the economics of the Indian film industry radically changed. Studios in Bollywood, as in Hollywood, discovered alternatives to the high-risk, high-reward blockbuster. India's new malls featured smaller, luxurious multiplexes to appeal to the urban middle classes, a far cry from the bare-bones cinema halls and marquees of small towns and villages. "You went from 1,000 seats to 100 seats, where it was easier to show films that did not require 1,000 people to break even," says Gupta. Studios could make healthy profits with smaller budgets...

Author: /time Magazine | Title: Keeping It Real | 2/15/2010 | See Source »

Shortly after Papandreou took office in October, his socialist government revealed that Greece's finances were in far worse shape than the previous government had let on. The 2009 deficit was nearly 13% of GDP, more than four times the euro zone's 3% limit. The European Commission blasted Greece for the faulty stats, and ratings agencies downgraded Greek debt, sending yields on government bonds skyrocketing. Over the past two months, as fears have grown that Greece's poisonous finances could infect the rest of Europe, the euro has slipped by almost 7% against the dollar. The Greek crisis...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...cheating exists in the Harvard CS department, Czaplicki said he belives it is unlikely. "The majority of people taking computer science courses at Harvard are concentrating or earning a secondary field in the department," he said. "Among people who have a genuine passion for coding, the costs of cheating far outweigh its benefits...

Author: By George T. Fournier, CONTRIBUTING WRITER | Title: CS: "Computer Science" or "Cheating Students"? | 2/14/2010 | See Source »

...ever more aggressive. Nationwide, the death toll from the insurgency rose 36% last year to 1,125. Despite rumors and a few unconfirmed media reports, activists who work with the Dongria deny that the Maoists have any presence within the community. The Dongria's battle has been peaceful so far, and any hint of Maoist influence would quickly draw the force of the state police and paramilitaries, who are in the middle of a months-long anti-Maoist offensive. While the Dongria possess bows and arrows, they "are not violent people," says Samantara. "But if the government uses violence, they...

Author: /time Magazine | Title: Echoes of Avatar: Is a Tribe in India the Real-Life Na'vi? | 2/13/2010 | See Source »

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