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...know my kids," he says. That's when the troubles started. As long as he was actively managing the firm, he was exempt from the wealth tax. When he retired, he became liable. But his money was tied up in Business Objects' very volatile stock. With a stake in the firm that fluctuated in value around €25 million, his wealth-tax bill alone amounted to half a million dollars every year. On top of that, he also had to pay tax on the capital gains he made from selling the stock, which he needed...

Author: /time Magazine | Title: Escape From Tax Hell | 7/11/2004 | See Source »

...Chirac knows America's stake in both Afghanistan and Iraq. It is so great, and so obvious, that even in the midst of a bitterly fought election campaign, the opposition presidential candidate embraces the current Administration's objective of democratic reconstruction in both countries. Why then is Chirac making things as difficult...

Author: /time Magazine | Title: Why the French Act Isn't Funny Anymore | 7/6/2004 | See Source »

...International House of Pancakes chain of restaurants; of cancer; in Los Angeles. He built the first blue-roofed IHOP in Los Angeles in 1958 and turned the business into a $40 million conglomerate by 1970. But three years later, a recession and tightened credit forced him to sell his stake for a mere...

Author: /time Magazine | Title: Milestones Jul. 5, 2004 | 7/5/2004 | See Source »

When I am not dancing or probing the ends of the earth to stake out land for my Irish countrymen, I have sought stability in subtle reminders of normalcy and my routine at home. The people at the local coffee shop already know me, and they are ready to prepare my double-shot cappuccino when I stumble in, grouchy and disappointed by the extent of my addiction, every morning...

Author: By Rebecca D. O’brien, | Title: West Denial Virus | 7/2/2004 | See Source »

...Challenge: Establish independence from the U.S. in the eyes of ordinary Iraqis and the region; isolate the Sunni insurgents by giving as many former Baathist types as possible a stake in the new Iraq, and send them after the foreign jihadists; draw the skeptical Shi'ites closer by going all-out to organize elections and make sure that Moqtada Sadr's group is participating; keep the Kurds on board; develop a common understanding between Iran, Turkey, Syria, Saudi Arabia and the U.S. over the terms of a new Iraqi political arrangement. A tall order, to be sure, but the alternatives...

Author: /time Magazine | Title: The Players in Iraq's New Sovereignty | 6/28/2004 | See Source »

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