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What were the relationships between black servants and their white employers like in the 1960s? Well, I can only talk about my experience. I grew up in the 1970s, but I don't think a whole lot had changed from the '60s. Oh, it had changed in the law books...

Author: /time Magazine | Title: Kathryn Stockett, Author of The Help | 11/11/2009 | See Source »

Congress is moving to make those tax losses even more valuable. Typically, when a company loses 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...

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

The extension would mean big bucks for corporate America. And unlike "carryforwards," which can only be realized if a company returns to profitability, carrybacks generate immediate cash, as long as the company has earned money in the past half-decade. The Joint Committee on Taxation recently estimated that the carryback...

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

China claims the region where Tawang sits and the area surrounding it as a southern extension of Tibet, which Beijing rules; India has long maintained that the land, which comprises its northeastern state of Arunachal Pradesh, is an inalienable part of its territory. Tensions over the border dispute have flared...

Author: /time Magazine | Title: Beyond India vs. China: The Dalai Lama's Agenda | 11/5/2009 | See Source »

Congress is mulling plans to extend the $8,000 first-time home buyers' tax credit to April 30 (which covers home purchases closed by June 30) and to allow individuals with incomes of up to $125,000 (or $250,000 for couples) to apply for the credit, up from the...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

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