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Saba Ashraf of law firm Troutman Sanders wrote in a notice to clients that the IRS's relaxation of overseas borrowing rules "continues the trend of taxpayer friendly guidance in light of the credit difficulties and economic downturn." Federal Assistance, Tax-Free...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

European nations have a deserved reputation as the world's greenest, with firm carbon caps and a commitment to renewable energy. But that's not the whole story. Eastern European nations, like summit host Poland, remain dependent on heavy industries and polluting power like coal. And lately, given the severe economic downturn, Europe has edged away from its leadership on climate change. On Dec. 11, even as the U.N. summit has begun to heat up, the E.U. will meet in Brussels to vote on its ambitious 20-20-20 plan, which aims to reduce greenhouse gases continent-wide...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...world's remaining rain forests - seems against the entire idea of avoided deforestation. (Brazil favors a plan that would have rich countries contribute to a global fund that would work to prevent deforestation, instead of using the carbon market.) There are legitimate criticisms of avoided deforestation - but something firm on forestry needs to come out of Poznan. (See pictures of trees...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...mercenary is a mercenary, whether or not we call him a contractor. And the trade of the firm once called Blackwater USA—today re-branded as Blackwater Worldwide—is to provide soldiers of fortune (or security specialists) to whoever may need them. As Americans and Iraqis both try to process one of the most horrific happenings of the war thus far, they might be thankful for the clarity a little candor can bring...

Author: By James M. Larkin | Title: Hired Guns | 12/9/2008 | See Source »

...somewhere in mid-January” if all goes according to schedule, said Sanjay Kansagra, the future owner of the store. “The plans are done, now it is matter of just building it,” said John P. DiGiovanni, president of Trinity Property Management, the firm that owns The Garage. According to DiGiovanni, the construction process generally takes a month or two to complete. “I always wanted to be in Harvard Square,” said Kansagra, who owns another Subway near the Medical School. “I think [Subway...

Author: By Elyssa A. L. Spitzer, CONTRIBUTING WRITER | Title: Subway To Debut in The Garage | 12/9/2008 | See Source »

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