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...Goldman Sachs spokesman wouldn't comment on how much of their year-end pay Goldman employees would be required to donate, or even if the company had officially adopted the new charity plan...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...change their product and have faced unique challenges trying to get a foothold in the market. With few open roads to hit, but plenty of traffic jams to navigate, Indian consumers, unlike their Chinese counterparts, often opt for function over form. Those who want a stylish ride pay for it dearly: import duties of more than 100% essentially double the sticker price of all foreign cars. To get around that, BMW and Mercedes assemble some of their models locally, cutting the taxes in half. When BMW first arrived in India, it discovered that the customers who could afford a luxury...

Author: /time Magazine | Title: Foreign Luxury Cars: Picking Up Speed in India | 1/12/2010 | See Source »

...average less than $30 a day. When Fabrizio Gatti, a journalist for the Italian newsweekly L'Espresso, posed as a migrant worker in 2006, he uncovered a world where beatings were common and exploitation was rife. "You have no contract - no rights," Gatti says. "So if they don't pay you, you cannot go to the police...

Author: /time Magazine | Title: In Italy, Racial Tensions Explode into Violence | 1/12/2010 | See Source »

...they have to deal with a major threat, but have no expertise." Relative to the size of the population, the police are understaffed. And they enjoy little public confidence amid widespread allegations of venality. Other problems listed by Siddiqa include a lack of coordination between various intelligence agencies, poor pay and the dedication of élite units to the "protection of the powerful instead of the country's heartlands...

Author: /time Magazine | Title: Pakistan's Response to Terrorism: Still Inadequate | 1/11/2010 | See Source »

...Iceland's defiance goes to the heart of the debate about what caused the country's stunning economic collapse - and who has to pay in the aftermath. Critics say Iceland has only itself to blame: the sparsely populated island had a mainly fish-based economy until the early 2000s, when it deregulated its banks and tried to reinvent itself as a global financial power - with disastrous results. Banks such as Landsbanki moved aggressively into European markets and racked up incredible debts - partially because of poor government oversight - which they were then unable to refinance...

Author: /time Magazine | Title: Isolated Iceland: Why Reykjavik Is Defying Europe | 1/11/2010 | See Source »

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