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Word: moneyitis (lookup in dictionary) (lookup stats)
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...aren't supposed to go bankrupt. Governments, after all, are funded by the tax revenues of entire economies, and, since they manage nations, they're not likely to evaporate, Enron-style, in a sudden financial flame out, or close up shop and flee their creditors. That's why lending money to states is considered the surest bet around. Reputation aside, however, politicians abuse their ability to borrow just like any spendthrift with too many credit cards, and often pile up more bills than they can handle. Argentina, Russia, Mexico and others have stiffed their bankers over the past 30 years...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...cats, after all - and some 5,000 are kept on farms across China. The recent SFA directive pledged to better regulate these farms, but not to shut them down. This makes a mockery of China's avowed concern for tigers, say many conservationists. The farms ostensibly make their money from tourists, although some illegally sell tiger meat and parts. How can the same SFA officials who plan to save the South China tigers ignore the fate of thousands of their farm-raised cousins? The authorities argue that if public demand can be met by farms then wild tigers...

Author: /time Magazine | Title: Tale of the Cat | 3/1/2010 | See Source »

...Schwartz of Swaptree, which trades only books, CDs, video games and DVDs. The rule of thumb, according to the IRS: if you're bartering something you might otherwise sell at a garage sale, there's generally no need to report it. But if you're bartering instead of taking money from a client, you're supposed to report...

Author: /time Magazine | Title: I'll Trade You My Tax-Code Knowledge ... | 3/1/2010 | See Source »

...said, by using family members and others as nominees and transferring shares in an intricate web of deals through offshore companies in the British Virgin Islands and other tax havens. Thaksin sold Shin Corporation to Temasek Holdings of Singapore in early 2006 for $1.9 billion. The court called that money "ill-gotten wealth." Thaksin claims that all of his assets were earned before he became Prime Minister. (See more photos of protests...

Author: /time Magazine | Title: Thailand's Ousted Leader: A Billionaire No More | 2/26/2010 | See Source »

...headed to Berlin on March 5, has tried to dampen down talk of reparation claims and said raising the issue now could be seen as "a sign of weakness and an effort to evade our responsibility." For now, the feud is merely dinner table bickering. But issues of money have a way of straining otherwise happy families...

Author: /time Magazine | Title: Greece's Debt Crisis: Blaming Nazi Germany | 2/26/2010 | See Source »

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