A year and a half ago, we wrote about some Italian seismologists who were being tried for manslaughter after a risk assessment they wrote up, in which they concluded that a series of small earthquakes along a faultline wasn't that serious, and the risk of a big earthquake was not that high. About a week later, a 6.3 magnitude earthquake struck, destroying a bunch of buildings and killing over 300 people.Read more »
Prime Minister Mario Monti, in office just over a month, wants landlords, plumbers, electricians and small businesses to stop conducting large transactions in cash, which critics say helps them evade taxes. The government on Dec. 4 reduced the maximum allowed cash payment to 1,000 euros from 2,500 euros. “If they force us to use credit cards, prices will go up,” said d’Andrea, noting that many retailers offer discounts to customers who pay in cash and don’t demand a receipt, in effect splitting with them the savings from evading the country’s 21 percent sales tax.Read more »
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