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...authorities charge was devised and executed by Tanzi, top managers, the firm's outside lawyer, Gian Paolo Zini, and two outside auditors, Maurizio Bianchi and Lorenzo Penca, it would then cook its books some more to make the debt vanish, by transferring it to shell companies based in offshore tax havens. (Zini, Bianchi and Penca deny any wrongdoing.) When the hole grew too large to hide, Tanzi, Tonna and the two auditors allegedly came up with Parmalat's most audacious invention: a bogus milk producer in Singapore that supposedly supplied 300,000 tons of nonexistent milk powder to a Cuban...

Author: /time Magazine | Title: How It All Went So Sour | 11/21/2004 | See Source »

...fight for the rights - mostly economic - of households that include six or more members. Bucking Italy's low fertility rate of 1.29, large families suffer from the same inadequate social policy that demographers blame for discouraging others from having more children: inadequate child care and family leave policy, insufficient tax breaks and no protection against rising housing costs. But le famiglie numerose are also exposed to things smaller families are not: water, garbage and electricity rates that increase progressively as consumption rises; restaurants that suddenly run out of tables when all those kids walk in the door; landlords who squeeze...

Author: /time Magazine | Title: Is Europe Anti-Big Family? | 11/21/2004 | See Source »

...days now I’ve dreaded the coming of the new day. With each sunrise comes the chance for more disagreeable policy from Washington: a new war, more tax cuts for the rich, the end to public education? What hurts even more—probably because I’m not American and thus escape some of the most injurious of domestic policies—is that Bush’s success has cost me my pride. His unfortunate victory has paved the way for a barrage of abuse from the very people who condemned us to this shame...

Author: NO WRITER ATTRIBUTED | Title: Keeping the Cons in Check | 11/18/2004 | See Source »

...lived in an atmosphere of public service,” she said, adding that her father was the first African-American elected tax collector for New Orleans and that her mother was involved in politics as well...

Author: By Matthew S. Lebowitz, CONTRIBUTING WRITER | Title: Two Women Win Service Awards | 11/16/2004 | See Source »

...JACK WELCH Former CEO of GE Get out your veto pen-you must reverse the trajectory of the budget deficit. You hate tax increases, and they should be your last resort anyway, given the fragile global recovery. But you will be forced into that option if you don't immediately start redlining spending requests...

Author: /time Magazine | Title: Advice to the New President | 11/16/2004 | See Source »

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