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Calculating the full cost of tax evasion in Greece is nearly impossible. The Greek government estimates the shadow, or untaxed economy, is about 30% of the declared economy, among the largest black markets in the 16-member euro zone...

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

...writes. (Reader, beware--Smith has a weakness for mannered prose.) But poverty is easier to bear when you see everything through the lens of art, when a blue rayon dress is your "East of Eden outfit" and you go to your job in a bookstore dressed all in black like Anna Karina in a Godard movie...

Author: /time Magazine | Title: Patti Smith and Mapplethorpe: Bohemian Rhapsody | 2/15/2010 | See Source »

...none of the options facing the U.S. in its bid to bring tax cheats to justice appear promising. Which makes that lost opportunity with Birkenfeld, if true, something of a black eye for the U.S. Justice Department...

Author: /time Magazine | Title: U.S. vs. Swiss Tax Cheats: A Whistleblower Ignored | 2/13/2010 | See Source »

Before the ceremony began, the public-address announcer declared that the event would be dedicated to Kumaritashvili. The crowd gave the small clutch of Georgian athletes, clearly saddened and wearing black armbands in honor of their fallen teammate, a classy standing ovation as they entered the arena. Toward the end of the evening, International Olympic Committee president Jacques Rogge said a few words in Kumaritashvili's honor before the torch was lit: he genuinely seemed to be struggling...

Author: /time Magazine | Title: Olympics Open with Restrained, Respectful Celebration | 2/13/2010 | See Source »

...arrival of a functioning president might change that. Until this week, little was known about the self-effacing Jonathan save for his fondness for a natty black fedora. But there are reasons to believe the 52-year-old might succeed in the Delta. His family is from the southern Ijaw tribe - the first time the rebels have been able to talk to one of their own in the presidency. And he knows his homeland. In 2007, Edwin Clark, a longtime mentor and powerful backer to Jonathan, took the then newly elected vice president to the wild and dangerous creeks...

Author: /time Magazine | Title: Is Goodluck Jonathan the Answer to Nigeria's Woes? | 2/13/2010 | See Source »

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