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Imagine two restaurants, one at each end of a block. One is a famous four-star establishment, known for its fine cuisine; the other is a McDonald's, popular for its low prices and speedy service. If the élite restaurant opens a branch on every nearby block, it will lose its cachet as well as its customers. Likewise, if the McD's starts serving pricey, five-course meals, its fans will take a hike. That's the central notion of this illuminating book. Maney, a veteran business journalist, calls this dichotomy the "fidelity swap." He argues that there...

Author: /time Magazine | Title: Business Books | 10/19/2009 | See Source »

...critical that owners maintain books, records, separate bank accounts and different credit cards for the business, says Brenda Schafer, a CPA and CFP at the Tax Institute at H&R Block...

Author: /time Magazine | Title: Jobless Entrepreneurs Face Tax Minefields | 10/16/2009 | See Source »

...computer costs. But many have no clue what is permitted and what will bring the IRS knocking at their doors. "There are many misconceptions about the tax laws, where people say, 'My neighbor told me I could do this,'" says Jackie Perlman, a tax analyst at H&R Block's Tax Institute. And a wrong or uninformed decision can affect the ultimate success or failure of the new business...

Author: /time Magazine | Title: Jobless Entrepreneurs Face Tax Minefields | 10/16/2009 | See Source »

...employed more than 4,000 workers building V8 engines, Zuckschwerdt says. When the new Volt line starts production next year, the Flint South plant, which also makes V6s used in various GM vehicles, will have the same capacity as the old V8-engine plant. It will also produce machined block heads and crankshafts. But it will have fewer than 600 production employees. "The productivity improvements have been just tremendous. But that part of the story doesn't get told," says Zuckschwerdt. Instead, Flint has become a symbol of American decline routinely visited by journalists from all over the world...

Author: /time Magazine | Title: Flint, Michigan: Electric Cars Bring Revival Hopes | 10/16/2009 | See Source »

Even for the United States, NBC’s standards of decency are anomalously high. The Jenny Slate sketch aired almost concurrently with Comedy Central’s weekly “Secret Stash.” This block of R-rated films and stand-up comedy begins at 1 a.m. Sunday and offers all the letter-bombs you can imagine—and even, at times, partial nudity. Comedy Central has the decency to withhold their indecency until several hours into the safe harbor, but couldn’t any “SNL”-watching kid with...

Author: By Molly O. Fitzpatrick, CONTRIBUTING WRITER | Title: No Real Need to Shelter From the F-Bomb | 10/16/2009 | See Source »

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