May 18th, 2012
10:48 AM GMT
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Dhaka (CNN) – Dhaka’s story is one of chaos, congestion and calamity. This city is choked with people, traffic and pollution. At the centre is what has been described as a traffic clot: The jaanjot. A sticky quagmire of rickshaws, cars and vans, it’s the source of much frustration for Dhaka’s 13 million residents.

This megacity has one of the highest traffic fatality rates in the world: In all its many streets and roads, only 67 junctions have traffic signals.

Like any city, Dhaka has its dreams, and its vision for the future. The Strategic Transport Plan is a mammoth document which promises a lot of things in the next 20 years, including a new metro system, and a rapid bus transit system. Yet with the dubious accolade of being the "rickshaw capital of the world," and 400,000 of these vehicles on the streets, it’s hard to see how the busy roads will give way to a calmer reality. A pilot project to create rickshaw-free zones for Dhaka’s pedestrians has been implemented, with some opposition.

The UN predicts that by 2025 Dhaka will be larger than Beijing, Shanghai, and Mexico City, with a population pushing 25 million. Finding space for these people to move around their already crammed city will be a major challenge.



May 18th, 2012
07:46 AM GMT
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(CNN) – Eduardo Saverin, one of the co-founders of Facebook, gave his first major interview published Thursday in the wake of a growing backlash against his renunciation of U.S. citizenship.

Pressure has grown from U.S. lawmakers to tighten tax code on expatriates after press reports surfaced that Saverin – a native of Brazil who became a U.S. citizen as a teenager after his family moved to the U.S. – renounced his U.S. citizenship, which was published April 30 on the U.S. Federal Register. Saverin, who has lived in Singapore since 2009, is now a permanent resident of the city.

The public release of his renunciation, coming on the eve of Facebook’s initial public offering (IPO), has raised hackles.

“I’m not a tax expert,” Saverin told the New York Times. He said he filed to renounce his citizenship in January 2011 and it became official in September. “We complied with all the known laws. There was an exit tax.” Bloomberg estimates the billionaire paid exit taxes of about $365 million.
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