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...cash coves such as Bermuda and the Caymans. It will likely try to identify the cardholders through U.S. merchants where the cards were used. The agency, which earlier secured access to the logs of MasterCard and American Express, is looking for buried treasure overseas--an estimated $70 billion in unpaid taxes. The theory is that much more of it has flowed offshore in recent years, oiled by Internet technology and emboldened by a popular view that the IRS had been declawed by Congress...

Author: /time Magazine | Title: The Perils of Tax Havens | 4/15/2002 | See Source »

Most of the business flameouts of Asia's Internet bust followed a familiar pattern: dotcom forms Web portal. Dotcom raises millions in an overhyped, undercooked public stock offering. Dotcom blows millions trying to get big. Dotcom vanishes in a flurry of unpaid bills...

Author: /time Magazine | Title: Uncle Tom's China | 3/4/2002 | See Source »

...figure skating is here to stay, the judging in its current form must go. No one would accuse the judges of being in it for the money. They are mostly unpaid. (For the Olympics this year, they get air fare, hotel accommodations and a daily meal allowance.) Most are former skaters who work their way up to the Olympics after years of judging lower-level events. They are regularly retrained and tested to keep them sharp on new developments in their field. But the very nature of the judging process in figure skating, which does not rely on clocks...

Author: /time Magazine | Title: A Sport on Thin Ice | 2/25/2002 | See Source »

Wouldn't it be exciting to see someone come from out of the blue to win a major championship? While they are at it, the I.S.U. might professionalize judging; now the judges are unpaid volunteers who don't have the accountability that is the hallmark of professionalism. Judges today needn't explain why they liked or didn't like a particular program. They should...

Author: /time Magazine | Title: The Rules Need To Be Changed | 2/25/2002 | See Source »

...figure skating is here to stay, the judging in its current form must go. No one would accuse the judges of being in it for the money. They are mostly unpaid. (For the Olympics this year, they get air fare, hotel accommodations and a daily meal allowance.) Most are former skaters who work their way up to the Olympics after years of judging lower-level events. They are regularly retrained and tested to keep them sharp on new developments in their field. But the very nature of the judging process in figure skating, which does not rely on clocks...

Author: /time Magazine | Title: Olympic Figure Skating: A Sport on Thin Ice | 2/16/2002 | See Source »

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