Word: worsteds
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...University in Milan, it is also a root cause of broader problems with competitiveness. "I think the serious problem this tax evasion poses is that it concentrates tax pressures on a small segment of the workforce," he says. "That is an obstacle and an impediment to growth." (See the worst business deals...
...Greece, doctors, lawyers, accountants and other self-employed professionals are among the worst offenders, says Georgakopoulos, the tax head. To prove the point, the ministry released tax information last November about doctors in the wealthy Athens neighborhood of Kolonaki, where the streets are lined with shops selling brands like Prada and Louis Vuitton. Nearly a third of registered doctors there 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...
...uses more and more of its income to pay off debt. With the cost of that debt heading north, Greek banks could face further problems. "It's like they have a bomb in their hands," says investor Melissaris. "If rates keep climbing, it'll explode." (See the worst business deals...
...read, the more I respect him for his integrity and class. He has been in office just a year but is widely expected to clean up the mess it took the Bush Administration eight years to create. And he has to do it while dealing with some of the worst partisanship I can recall in recent history. Anyone who remembers Economics 101 knows unemployment is the hardest and last problem to be solved. Give the President a break...
...CALCUTTA, India) - Maoist rebels detonated land mines and set a security outpost ablaze in eastern India, killing at least 24 policemen in the worst-ever attack on police in the restive area...