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...obligations as ordinary Americans.? The crackdown may have something to do with the fact that the Academy Award gift bags this year were valued at more than $100,000 each, and included such goodies as a four-night $25,000 Hawaiian vacation and $7,000 worth of Victoria Secret undies. In total, unreported gift bags cost the IRS an estimated $1.2 million in lost tax revenue. Today the Academy of Motion Picture Arts & Sciences, which produces the Academy Awards, announced a settlement in which taxes on the gift bags given out in March of this year are the responsibility...

Author: /time Magazine | Title: Even Stars Have to Pay Taxes | 8/17/2006 | See Source »

...error occurred while processing this directive] a handblown crystal that it says is hard enough to be banged vigorously and repeatedly on a table or floor without breaking. That's not the only advantage of the new material, which Arc has dubbed Kwarx (the formula is a trade secret). The color of wine is said to be more faithfully perceived because of Kwarx's perfect neutrality on the chromatic scale, and the material has been used in a new range of Arc wineglasses called Open Up - a reference to their ability to "open up" the aroma of wines being served...

Author: /time Magazine | Title: The Hard Stuff | 8/16/2006 | See Source »

...display module. But the real breakthrough is the ride. If the first Segway felt intuitive-lean forward to go forward, lean back to stop and reverse, twist your wrist to turn-the latest models (the i2 and off-road x2) respond like they're controlled by mere thought. The secret is in its new control shaft, which has done away with the steering grip and now sways in sync with the rider to turn the device. The effect is akin to skiing, on cement...

Author: /time Magazine | Title: The Segway Riddle | 8/14/2006 | See Source »

...confidant of Syrian President Bashar Assad, whom he visited on a weekly basis prior to the war. Lebanese sources speaking to TIME give credence to Israeli reports that the Hizballah leader has spent part of the war holed up in the Iranian embassy in Beirut--which may have secret tunnels leading to Nasrallah's now destroyed headquarters. But within Lebanon, his coziness with foreign patrons is a liability. A senior Lebanese official tells TIME that as soon as the fighting stops, Lebanese political parties plan to confront Nasrallah with demands that Hizballah hand over its weapons and accept the primacy...

Author: /time Magazine | Title: Nasrallah Under Pressure | 8/14/2006 | See Source »

...years in prison for high treason; by the Moscow District Military Court in a closed-door trial; in Moscow. While on a mission in Britain in 1995, Skripal was recruited as an agent by MI6, the overseas arm of British intelligence, to reveal the identities of several dozen Russian secret agents stationed in Europe. He retired in 1999, but used his intelligence connections to keep working for the British, earning an estimated $100,000 before his arrest in December 2004. CHARGED. Nikolai Zavadsky, 54, husband of the late Larisa Zavadsky, curator at Russia's Hermitage Museum, and his son, also...

Author: /time Magazine | Title: Milestones | 8/14/2006 | See Source »

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