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Stumble upon this while web surfing. This new circus act from FIDE funhouse who fortunately did not see the light of day.
As one would quote: What were they thinking?!
http://closetgrandmaster.blogspot.com/2009/10/fide-tax-on-tardiness.html
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There was a time when a player was fined, but not forfeited, for exceeding the time limit. Maybe they think both a fine and forfeit is progress. 
Drug testing, cheating, fast time limits, huge entry fees, fines. All in the hopes of making chess a spectator sport with the ultimate goal of generating huge profits. It’s the way things are done these days. I laugh, but who would have thought people would actually watch poker being played on television?
PS: Does anybody know where I can get a Magnus Carlsen bobblehead?
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