Word: riches
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Dates: during 2000-2009
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Very few people who make a lot of money actually leave public life and work because of tax burdens. They either live with the increased taxes or find creative ways around paying them. A small percentage of the very very rich may move their money to tiny islands between Florida and South America. The local Parliaments and dictators welcome them. (Read "How To Know When The Economy is Turning...
...packages, the president offered two major plans. The first was to increase taxes on those who make more than $250,000 a year. The second was to cut spending in Iraq. The two challenges to the success of those tactics depend on how many U.S. citizens who are rich become poor due to the recession and how much military effort will have to be switched to Afghanistan. It would be premature to make a forecast about either...
...agree on new carbon-cutting targets. (Rasmussen, an avid cyclist, compares the Copenhagen summit to the Tour de France's punishing Alpe d'Huez climbing stage - which he tried for himself last summer.) But the country does have the power of its example, showing that you can stay rich and grow green at the same time. "Denmark has proven that acting on climate can be a positive experience, not just painful," says NRDC's Schmidt. The real pain could come from failing to follow in their footsteps...
...Herrera and Independencia, the site of the city's dramatic 17th century cathedral. Moments away you'll find numerous Casco newcomers - places like Indigo (www.indigopanama.com), a North African?inspired restaurant and lounge, and Ego Café, tel: (507) 262 2045, with its adventurous Panamanian-Mediterranean menu. You can sample rich ice creams and sorbets - from basil to Earl Grey - at Granclement, tel: (507) 228 0737; browse through intricately carved wooden crafts at Karavan Gallery, tel: (507) 228 5161; and take home one-of-a-kind pieces by local artists from Casa Gongora, tel: (507) 506 5836, a gallery and museum...
...Dutchman's paintings sold for eight-digit figures), Giorgio de Chirico, Marcel Duchamp, Paul Klee and James Ensor. "It was the most amazing auction I've ever seen," Nahmad said on the main floor just after the last lot sold. "There are still a lot of rich people in the world, and I think they are anticipating a future inflation. Governments are going to be printing more and more money." (See pictures of money being printed in Germany...