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...Foundation for Humanity destroyed by a big-shot Jewish financier? Impossible. But the foundation had $15.2 million under management with Bernard Madoff Investment Securities. This represented substantially all of the foundation's assets. And the double hit for charities like Wiesel's is that there will be no tax recovery available...

Author: /time Magazine | Title: Madoff's Victims: Finding Meaning in the Devastation | 12/30/2008 | See Source »

...pseudonym "Dieu Cay" - organized demonstrations in Ho Chi Minh City against the government's permission of the Olympic torch to pass through Vietnam. The demonstrations protested Chinese occupation of the Paracel Islands in the South China Sea - which Vietnam also claims. Within months, police arrested Nguyen on charges of tax evasion - a move widely seen as retaliation. "It's pretty clear that what he was really thrown in jail for was for criticizing China's claim over the Paracels," says Bob Dietz, Asia program coordinator at the New York-based Committee to Protect Journalists. In December, an appeals court upheld...

Author: /time Magazine | Title: Vietnam's Bloggers Face Government Crackdown | 12/30/2008 | See Source »

Over the past four years, Nevada was growing jobs at two to six times the national rate. In the past decade, the state's population increased 50%, with new residents attracted by steady employment, no personal income tax and housing that seemed to grow ever more valuable (home prices increased 135% between 2000 and 2006, according to Standard & Poor's). "We thought we had decoupled from the national economy," says Schwer. Unlike the rest of country, Nevada hadn't had a downturn since the 1980s...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

Sales and gaming taxes fill up about two-thirds of the state's coffers. In the past few years, tax revenues for Nevada had been gaining at a double-digit rate. Now they are forecast to shrink 9% in 2009. The state is probably going to have to cut in places like education and social services - and get creative with some new taxes on business. Even the Chamber of Commerce, usually an ardent opponent of business taxes, has discussed raising taxes for the first time...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

...same body that helped craft the impeachment rules Madigan is now playing by - and really never left. Over more than 30 years, he has pushed through legislation on such issues as education, electrical deregulation, child-predator laws, medical and mental-health care and, recently, a transportation tax that had him butting heads with union officials over pension and retirement issues...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

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