Word: analysts
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...claim any 529 losses under the alternative minimum tax, or AMT (my husband and I were subject to the AMT this year, so that put the kibosh on the hope of a tax break for us). "The tax treatment is not ideal," says Mark Luscombe, principal tax analyst at CCH. "And it's easy to mess it up." (For a complete rundown of the rules, see IRS Publication...
...dark and finding nothing but more bad assets and little revenue from what had been an investment banking goldmine fueled by quarters of good M&A and corporate finance results. Citi's numbers beat forecasts but revisionists began to take apart the earnings after the fact. An analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain a "sell." When Bank of America (BAC) released quarterly numbers that were so good that many believed they would save the job of CEO Ken Lewis, JP Morgan responded by releasing...
...analysts in Moscow warn that the insurgency problem in the region is far from finished, and express concern that the decision gives even more control to the heavy-handed Kadyrov. "It's not a victory for Moscow, it's a compromise," says Alexei Malashenko, an analyst at the Carnegie Moscow Center. "For Russia, it's necessary to save the money spent on assistance to Chechnya because of the [economic] crisis. For Kadyrov, he now has the chance to become a dictator." (See pictures of Putin's patriotic youth camp...
...move on Friday was characterized by the top global warming analyst for the National Wildlife Federation as the "single largest step the Federal Government had taken to fight climate change." But there is still a long way to go before the agency may undertake what would be the most far-reaching environmental regulation in U.S. history. The EPA's finding triggers a 60-day public-comment period before any proposed regulations could be announced, and most observers expect it would take months, if not years, for the EPA to produce rules that could control the 7.3 billion metric tons...
Nevertheless, one longtime Republican analyst and numbers cruncher, Royal Masset, believes Hutchison will defeat Perry and be the next governor of Texas. Polls suggest she has an early lead, and Masset points to her overwhelming victories in the past as evidence of her wide support not only among Republicans but also among independents, who can vote in Texas primaries. He has urged Perry to forgo another gubernatorial bid. Masset believes that Perry should be content with one major accomplishment: helping to create more jobs in Texas than the rest of the U.S. during his tenure. "Your place in history...