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...Just weeks later, East Timor again descended into conflict, and the country still simmers with strife. What went wrong? In reality, the simple narrative of East Timor's success hid a far more complex story line. Yes, the Timorese cherish independence. But no amount of freedom masks the fact that nearly 45% of the country lives on less than $1 a day. When the international community began decamping in 2002, thousands of jobs associated with its presence disappeared. The current government, run by the political party Fretilin, a key resistance force during the Indonesian occupation, hasn't improved the economic...

Author: /time Magazine | Title: Broken Promises | 3/8/2007 | See Source »

...prosecutions for financial wrongdoing. Threats of prison give prosecutors enormous leverage, says Larry Ribstein, a law professor at the Uni- versity of Illinois, and they don't shy from using it in cases involving "common business practices" like structuring tax shelters, in which "the line between merely wrong and criminal interpretations of the tax code are hazy." And if a crime occurred, "you need to know who up the line had responsibility," he says, "and that is extraordinarily difficult to determine in the context of a large corporation." Especially in a criminal case, in which witnesses can plead the Fifth...

Author: /time Magazine | Title: Law: Accounting for Crime | 3/8/2007 | See Source »

...about 6, but this is the first time it has only had one student. However, according to Acting Director of Freshman Seminars Sandra Naddaff, this is not a first for the program in general. Although, in talking about enrollment, Professor Klemperer admits that, “Something went wrong this year.” He also says that “It makes it different, but it’s fun for me.” In an e-mail, Jenny writes, “On the one hand, it’s really nice to be able to interrupt...

Author: By Charles R. Melvoin, CONTRIBUTING WRITER | Title: Spectroposomething | 3/7/2007 | See Source »

Think your History and Literature degree qualifies you to balance your checkbook? According to a man known as “the Tax Detective,” you couldn’t be more wrong. Last Friday, Jim Briggs led students through Taxes 101 in the second of a series of workshops open to Harvard University students. According to Briggs, who is a former IRS agent and co-founder of the Chesapeke Bagel Factory, Harvard students “have a long way to go” before they grasp the ins and outs of taxes...

Author: By Allegra M Richards, CONTRIBUTING WRITER | Title: The Sherlock Holmes of the Tax World Helps Solve Student Tax Mysteries | 3/7/2007 | See Source »

...them in court every day; his voice was "polite and nice" in the grand jury tapes. But early on in their deliberations, recalled Collins, one juror told the others a maxim her mother always repeated: "When you let yourself be led by emotion, it usually leads you the wrong way." This, said Collins, characterized the approach the jury took...

Author: /time Magazine | Title: What Convinced the Libby Jury | 3/6/2007 | See Source »

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