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Greek Prime Minister George Papandreou has put tax reform at the heart of his austerity plan, and says his government is serious about fixing the roots of his country's current economic predicament. He says Greece will tackle its deficit without the deep government-wage or job cuts that other heavily indebted European countries, like Ireland, Spain and Portugal, have recently announced. Instead, Athens will pursue tax evaders. "Greece's problems," Papandreou told journalists at a press conference marking his first 100 days in office, "are due to waste, corruption and lack of respect towards...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...declared annual incomes of less than $22,000. In all of Greece - a country of 11 million people - only 3,125 people declared incomes more than $280,000. "Everyone who can avoid paying taxes does," says Georgakopoulos. "The only ones who don't are the ones who can't - wage earners and pensioners whose incomes are taxed at source...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...Obama should take bin Laden's threat seriously; prudence dictates no less ... But we must also strike at the narrative that al-Qaeda sells to wage its war. We can separate al-Qaeda from the vast majority of Muslims by advancing a just and lasting peace that Palestinians accept ... We do this not to appease al-Qaeda, but because it is in our national security interest to end this conflict that breeds so much hate for our country...

Author: /time Magazine | Title: Verbatim | 2/8/2010 | See Source »

...work for a year. He is now struggling to keep his house. "The company I worked for for 18 years went bankrupt," he says. His colleague, Alonzo Chavez, 34, worked for the same contractor and then took a job in a burrito factory at minimum wage. Both non-union men, hands gray with concrete dust, know this job will only last another two months. "This year looks rough," says Marquez as he sits in the cab of his blue GMC pickup truck...

Author: /time Magazine | Title: The Great Recession: Will Construction Workers Survive? | 2/6/2010 | See Source »

...What U.S. officials don't like to acknowledge is that the Pentagon is hard at work developing an offensive cyber capability of its own. In fact, it has even begun using that capability to wage war. Beyond merely shutting down enemy systems, the U.S. military is crafting a witch's brew of stealth, manipulation and falsehoods designed to lure the enemy into believing he is in charge of his forces when in fact they have been secretly enlisted as allies of the U.S. military. And some in Washington fear that there hasn't been sufficient debate over the proper role...

Author: /time Magazine | Title: U.S. Cyberwar Strategy: The Pentagon Plans to Attack | 2/2/2010 | See Source »

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