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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...

Author: /time Magazine | Title: Requiem for the Rich | 2/26/2009 | See Source »

...challenge of being rich, in a sharp recession, often moves from hiding wealth to keeping it. Some people with a lot of money get bilked by the genius of people like Bernie Madoff, a man who must be near the top of his class at Mensa. Usually, losing money does not require a lapse in judgment. In a poor economy, invested capital just disappears. People who had $20 million suddenly have $10 million. If they have been frugal, they are OK. If not, they often go bankrupt...

Author: /time Magazine | Title: Requiem for the Rich | 2/26/2009 | See Source »

...Afghanistan, history literally crunches underfoot. The country's location at the crossroads of Asia's major trade routes drew merchants, artisans, nomads and conquerors. The ruins of Balkh, along with those of hundreds of other ancient cities and religious sites, speak of a rich heritage that spans centuries as well as cultures. Artifacts unearthed at these centers of commerce shed light not only on Afghan history, but that of Western civilization. Ai Khanoum, established by Alexander in 328 B.C., still bears remnants of columns that wouldn't look out of place in the Parthenon. Bamiyan was the seat...

Author: /time Magazine | Title: Afghanistan: A Treasure Trove for Archaeologists | 2/26/2009 | See Source »

...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...

Author: /time Magazine | Title: Denmark's Wind of Change | 2/25/2009 | See Source »

...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...

Author: /time Magazine | Title: Colonial Revival in Panama City's Casco Viejo | 2/25/2009 | See Source »

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