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...compete with private bonds now that all dividends are taxed at only 15%. That will be expensive, and it will certainly drain money from schools, crime and a host of other urban problems. And that is not all: Bush's Internal Revenue Service has decided to focus on fraud among recipients of the earned-income tax credit (EITC), another stipend given to working families with low incomes. The EITC was a terrific Republican idea, expanded by Bill Clinton. Fraud no doubt exists, and fraud is bad. But the money to be gained here is minuscule compared with, say, the estimated...

Author: /time Magazine | Title: Blessed Are the Poor--They Don't Get Tax Cuts | 6/9/2003 | See Source »

...Zhou Zhengyi 2002's 11th richest mainlander, according to Forbes magazine, Zhou was the first in Shanghai to own a Ferrari. He and wife Mao Yuping stand accused of loan and stock fraud and tax evasion...

Author: /time Magazine | Title: Living Too Large? | 6/9/2003 | See Source »

...Yang Bin Flower-seed king, reportedly worth $900 million, was set to head a North Korean free-trade zone until Beijing accused him of invest-ment scams, fraud and bribery. Shares of his company have since fallen...

Author: /time Magazine | Title: Living Too Large? | 6/9/2003 | See Source »

...still has some big legal woes in California to worry about. First, there's a high-profile suit brought by the California Department of Insurance against him and French bank Crédit Lyonnais, alleging that Pinault in the early 1990s made just over $1 billion from an alleged fraud by Crédit Lyonnais involving a failing insurer, Executive Life, and then conspired to hide the true details. Pinault vigorously denies the charges. Second, there's a federal grand jury that's considering whether to indict him for the same fraud. "He has got very significant legal problems here...

Author: /time Magazine | Title: Pinault's Big Sale | 6/8/2003 | See Source »

Just as loudly, others have denounced her as a fraud, and one scholarly critic has called her work “social science at sea without an anchor...

Author: By Lauren R. Dorgan, CRIMSON STAFF WRITER | Title: A Trailblazer Takes Off | 6/6/2003 | See Source »

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