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...money, it can apply for a refund of the taxes it has paid on profits over the past two years. However, Congress is moving closer to extending the so-called tax loss carryback provision to five years, instead of two. Senate majority leader Harry Reid recently threw his support behind the extension of the tax refund, adding it to a bill that would extend unemployment benefits. On Nov. 2, the Senate voted to close debate on the bill, which means a final vote to approve the bill would come later this week. It is expected to pass both houses...

Author: /time Magazine | Title: Recession Dividend: A Boom in Corporate Tax Credits | 11/5/2009 | See Source »

...rights groups like Human Rights Watch and policy think tanks like Freedom House, the D.C.-based Cuba Study Group and the Brookings Institute. The White House, careful not to alienate Menendez when it needs every Democratic vote on issues like health care reform, has yet to throw its support behind the bill. But despite Obama's backing of the trade embargo, many observers believe it will be hard for him not to sign a lifting of the travel ban given his own stated policy preference for engaging Cuba...

Author: /time Magazine | Title: Could the U.S.-Cuba Travel Ban End Soon? | 11/4/2009 | See Source »

...identity and tried to blackmail her, Marroquín says. His mother reported the extortion attempt but was forced to reveal her ties to Escobar. Startled Argentine authorities abruptly detained Santos, who was held for 18 months on charges of money laundering while Marroquín spent 45 days behind bars. Escobar's daughter, who is now a 25-year-old university student, was also ostracized as nervous parents demanded that she be expelled from school...

Author: /time Magazine | Title: My Father, the Drug Lord: Pablo Escobar's Son | 11/4/2009 | See Source »

...will allow the E.U. to streamline many of its voting and decision-making procedures to alleviate the bureaucratic tangles that slow the organization down. It will also create a European Council president and a new foreign policy chief and strengthen the powers of the European Parliament. (See pictures behind the scenes of Obama in Europe...

Author: /time Magazine | Title: A Treaty Ratified, the E.U. Turns to Picking Its Leader | 11/4/2009 | See Source »

...Rompuy, Dutch Prime Minister Jan Peter Balkenende and Luxembourg Prime Minister Jean-Claude Juncker. While all three may be somewhat bland and anonymous even in their home countries, they appeal to a growing number of E.U. countries - in particular the smaller ones - because they would excel at operating behind the scenes. (Read: "Opposition Grows to Tony Blair's Bid for E.U. President...

Author: /time Magazine | Title: A Treaty Ratified, the E.U. Turns to Picking Its Leader | 11/4/2009 | See Source »

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