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...effects of globalization are already visible everywhere in the English Premiership. The majority of the players in England's top flight are no longer English, but foreign stars lured there by the piles of cash accumulated from the lucrative sale of TV rights - networks covering more than 200 countries paid $1.23 billion to air Premiership games over the three seasons starting last fall. And eight of the 20 teams in the league are now owned by foreigners looking to cash in on the marketing potential of what are now global brands...

Author: /time Magazine | Title: Chelsea vs. Liverpool in Beijing? | 2/8/2008 | See Source »

Cashmere and Lipstick borrow this setting but give their characters promotions, husbands, kids and a lot more cash. (As Star says, they can actually qfford the clothes we saw on SATC) Cashmere's quartet includes a hotel coo, an investment banker, a marketing executive and a magazine publisher; Lipstick's trio consists of a movie-studio head, a fashion designer and another magazine bigwig. (Memo to producers: Please inform my bosses how lavishly paid magazine workers are supposed...

Author: /time Magazine | Title: Becoming Ms. Big | 2/7/2008 | See Source »

...Switzerland, the most famous tax haven of all, that remains the global leader in attracting cash from overseas. The number of tax exiles living there shot up from 2,394 in 2003 to 4,175 in 2006, according to consulting firm KPMG, and they poured around $917 million into its tax system in 2006 alone. The central government lets foreigners negotiate how much tax they pay directly with whichever of the country's 26 cantons they move to; an annual lump sum is calculated, based on five times the rental value of the expat's Swiss home. Rates average around...

Author: /time Magazine | Title: Take the Money and Run | 2/6/2008 | See Source »

...hung on to power for 16 years by mastering Bedouin politics. Along with physical courage - he commands from the front line - he has a gift for intrigue. Sometimes he buys off his enemies with cash, which is more plentiful since ExxonMobil started pumping oil in 2003. He has also been accused by Amnesty International and the Chadian opposition of murdering his enemies. But key to his survival is France's calculation, backed by military support, that his adversaries are worse...

Author: /time Magazine | Title: A Dangerous Friend | 2/6/2008 | See Source »

...Lifang. "People in Guangdong are very nice." Indeed, Zang's boss has just drained a glass of beer in honor of the 61-year-old construction foreman and a dozen of his workmates, and handed each man a red envelope containing a New Year's gift of $70 in cash - one third of a month's salary. Their dinner table is loaded with such tasty holiday treats as lotus root, fresh shrimp and carp, and the hall is festively bedecked with red and gold banners. But Zang's sunburnt skin and his Mao suit and Lenin hat look slightly...

Author: /time Magazine | Title: A Bitter Beer with the Boss | 2/6/2008 | See Source »

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