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...provide as many as 500,000 people in a small number of locales with fiber-optic Internet connections capable of one gigabit per second (Gbps), more than 100 times faster than the typical U.S. broadband connection speed today. It would be a blazing-fast upgrade, capable of downloading a full-length HD movie in under 90 seconds. To be considered for the trial, cities have until March 26 to submit information about their existing networks, with Google planning to choose its test site later this year. Such a plan isn't cheap: depending on how many people Google chooses...

Author: /time Magazine | Title: Why Google Wants a Faster Internet | 2/15/2010 | See Source »

...Google? Faster Internet connections could increase consumer appetite for Google offerings like YouTube, particularly as the company has made a cautious foray into the movie-rental business. Services like Google Voice stand to benefit as well, as better speeds could let Google expand the product into a full-fledged VoIP telephone service. But ultimately this might be best read as a bid toward the future. "We want to see what developers and users can do with ultra-high speeds, whether it's creating new bandwidth-intensive 'killer apps' and services, or other uses we can't yet imagine," Google...

Author: /time Magazine | Title: Why Google Wants a Faster Internet | 2/15/2010 | See Source »

...income tax return, he declares only the revenue for which he has issued receipts. The system works because further up the chain his suppliers only declare half of what they sell him, and further up still, someone brings many of the goods into the country without paying the full customs duties. So far, Dimitris says, his store hasn't been audited. But when the tax authorities come to look at his books, he knows how the conversation will go. He'll invite them in and offer them a whiskey or a coffee and wait until the mood is right...

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

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 »

...given day, it seems. "We're going to drop a couple of hundred feet out of this cloud and it will clear up," he said. For 30 seconds we skied blindly, but then the clouds suddenly parted, and we were in an area called Symphony bowl that was full of new snow, and all but empty of skiers...

Author: /time Magazine | Title: Hello-o-o? Where Are All of Whistler's Skiers? | 2/14/2010 | See Source »

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