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...evasion and corruption. But during the years of plenty there was little external pressure for the country to mend its ways. Now, with Greece's public debt ballooning out of control and Greece accused of putting the integrity of the euro at risk, the stakes are higher. Greece must cut spending and raise more revenue or risk defaulting on its debt. (See pictures of the global financial crisis...

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

...people that signed up to participate, only 70 received the “Congratulations. You’re In.” e-mail that allowed them access. (Fortunately, we made the cut.)  The extra 30 (all girls) were banished to the waitlist. But only 20 of the 35 accepted males decided to show up, delaying the event's start by nearly an hour...

Author: By Agnes K. Sibilski, CONTRIBUTING WRITER | Title: Students Race to Find a Valentine | 2/13/2010 | See Source »

...land, and are also angry about the pollution caused by oil spills - was a central thrust of Yar'Adua's early presidency. Six months ago, Yar'Adua persuaded the rebels to agree to a ceasefire and mass disarmament in return for an amnesty, a small monthly stipend, a 10% cut of all oil revenues and promises of large-scale development. (See pictures of the two sides of Nigeria...

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

...could fit on a soccer field. Imagine the SATs being 10 times as hard as they are now (especially the math part), having only one chance to take the SATs every year, and having your scores completely determine which college you were admitted to. You’d probably cut your daily two-hour dose of hoops and instead spend the time on math problems...

Author: By Zhongrui Yin | Title: Reflections On Five Years in the U.S. | 2/12/2010 | See Source »

...flip side of the smart carry trade for 2010? Last year the Brazilian real was a currency on fire, appreciating 35% on interest rates that started 2009 at an unsustainable 13.75%. It was a situation that threatened to suffocate the economy, forcing the government to intervene in currency markets, cut interest rates nearly 40% and impose new taxes on foreign investment. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

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