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...French authorities looking to clean up international financial dealings. The tiny country, ruled by the Grimaldi family, has a government and civil service filled with officials seconded from Paris. With 49 banks and 70 financial institutions for about 32,035 inhabitants, the principality attracts some of the world's wealthiest celebrities by levying no taxes on income, capital gains or dividends. This has long made Monaco a playground for the fabulously wealthy, of whatever background. The recent French report charged that offshore companies and trusts have bountiful opportunities to move funds for individuals whose identities remain hidden. Monagasque Minister...

Author: /time Magazine | Title: Cleanup Time | 9/25/2000 | See Source »

...Colombia produces 80 percent of the cocaine consumed in the United States, the largest proportion of it in territory under the direct control of the FARC. Taxing the traffickers in exchange for protection earns the Marxist army some $700 million a year, making it easily the wealthiest peasant guerrilla movement in history, one that is better equipped than the army it is fighting. That has prompted the U.S. to blur the distinction between counterinsurgency and the war on drugs in order to strengthen the government's forces - which many observers in the region and in the U.S. believe...

Author: /time Magazine | Title: Why the U.S. Is Getting Involved in Colombia's War | 9/7/2000 | See Source »

...surveys show that 60% of Americans favor repealing an inheritance tax that is levied on only the wealthiest 2% of the population? I'd guess that the reason could be expressed with a motto that has been used by the New York Lottery: "Hey, you never know." I'm familiar with that feeling. For years I've fantasized about inheriting a pile of money from someone I've never heard of, and frankly, I'm not eager to pay taxes...

Author: /time Magazine | Title: What The World Needs Now: Richer Rich | 7/31/2000 | See Source »

...wealthiest institutions in the world, Harvard is known for its obsession with money matters, making it little surprise that half the search committee members are from the business world...

Author: By Tova A. Serkin, CRIMSON STAFF WRITER | Title: Students, Faculty Left Out of Process | 7/21/2000 | See Source »

...biggest and wealthiest of Harvard's nine faculties. It includes everything from Harvard College and the Graduate School of Arts and Sciences to Widener Library and the Fogg Art Museum...

Author: By The CRIMSON Staff, CRIMSON STAFF WRITER | Title: Behind the Scenes, A Sprawling Bureaucracy Runs the Many Parts of the Nation's Oldest University | 6/23/2000 | See Source »

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