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...back taxes he owed the government was the result of basic errors and possibly some liberal interpretations of the tax code by Geithner, who prepared his taxes during several of the years in question, or by his accountant. Among Geithner's missteps: he claimed that payments made for summer camp for his children were tax deductible because they qualified as dependent-care. But the dependent-care credit is aimed at helping middle-class working parents afford the cost of daily child care, not at helping pay for expensive retreats. An accountant told Geithner in 2006 that overnight camps were...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

...current rift was evident long before the war in Gaza. But the bloodshed and destruction wrought by Israel's offensive against Hamas has sharpened those differences, and will continue to shape regional dynamics in the months to come. At its most simplistic, the divide pits a so-called moderate camp, backed by the United States and led by Saudi Arabia, Jordan and Egypt, against a "resistance front" group that includes Syria along with powerful political and military movements such as Hamas and Lebanon's Hizballah - all of which oppose Israel and U.S. policy in the Middle East. (See pictures...

Author: /time Magazine | Title: In the Wake of Gaza, Arab Hard-Liners Gain Upper Hand | 1/21/2009 | See Source »

...deftly balancing relations with Syria and Iran as well as the U.S., stepped in to host a summit. Saudi Arabia, which resents being upstaged by its tiny neighbor, refused to attend. Egypt and Jordan stayed away too, ensuring that most of the participants were firmly in the Hamas camp...

Author: /time Magazine | Title: In the Wake of Gaza, Arab Hard-Liners Gain Upper Hand | 1/21/2009 | See Source »

...With the conflict over, at least for now, the squabbling between Arab capitals continues. Pointing to the 1,300 Palestinians killed and $2 billion worth of damage to homes and infrastructure, Hamas' allies say the camp of Arab moderates has been thoroughly discredited. Calls for peace with Israel have never sounded so hollow, they say. "The settlement process [between Arabs and Israel] is gone," Nawaf Mussawi, Hizballah's chief of international relations, told TIME. "The resistance [against Israel] has become the mecca of everyone in the region." (See pictures of Israel's deadly assault on Gaza...

Author: /time Magazine | Title: In the Wake of Gaza, Arab Hard-Liners Gain Upper Hand | 1/21/2009 | See Source »

...Iran is central to the regional polarization because of its alliance with Syria and backing for Hizballah and Hamas, which the rival moderate camp interprets as Persian meddling in Arab affairs at its expense. "In the past, the Arabs showed their disagreements by closing borders, interrupting trade and massing troops on borders. Today, they use handshakes and lunches to put a civil face on their disagreements," said Mustafa Hamani, chairman of Jordan's weekly newspaper Al-Sijill. "But the Arab rift always remains...

Author: /time Magazine | Title: In the Wake of Gaza, Arab Hard-Liners Gain Upper Hand | 1/21/2009 | See Source »

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