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Further east, Singapore has likewise turned itself into a major offshore haven by not taxing capital gains or income derived from outside the city-state. It's also easier now for foreigners to gain permanent residency, as long as they have at least $1.1 million to invest in a Singapore-based start-up or venture-capital fund, or $3.5 million to stick in a local financial institution. And while the E.U. is forcing European banks to open up to the authorities, Singapore has strengthened its customer confidentiality laws: anyone who reveals private financial information faces a fine...
During her first premiership, she failed to pass a single piece of major legislation. At the same time, the anti-corruption organization Transparency International named Bhutto’s Pakistan one of the three most corrupt countries in the world. Her government was accused by Amnesty International of having a long record of torture, extra judicial custody and killings. She appointed herself head of her political party, the Pakistan People’s Party (PPP), for life, and her feuding brother was shot dead under highly suspicious circumstances. Her brother’s wife and daughter all held Bhutto responsible...
...Taxpayers also can't be blamed for scratching their heads over just how much they're being asked to spend on defense next year. That's because the budget doesn't include a couple of major items, such as the wars in Iraq and Afghanistan. U.S. Defense budgets have always omitted certain items - nuclear weapons, for example, fall under the stewardship of the Department of Energy. But with the two wars currently under way costing about $12 billion monthly, the gap between the budget presented by the Pentagon and what America will actually spend on the military...
...Pentagon noted that it is planning no major cuts in weapons, which are primarily aimed at foes armed with tanks, planes, ships and subs, to help fund the wars on terror, in Iraq, and Afghanistan. Such hardware accounts for $184 billion in the 2009 budget...
...funk. Indeed, with Italians set to vote under the old electoral law, whoever wins will almost certainly encounter the same problems Prodi did in governing effectively and keeping his coalition from crumbling. Some say the best hope is a virtual tie, which would force a "grande coalizione" composed of major parties from both sides...