Word: hitting
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...this year, companies in the Standard & Poor's 500 are likely to have lost as much as $400 billion since the start of 2008, according to S&P. It's a sign of just how badly the recession has hit big companies. But it could also turn out to be a leg up for corporations in the recovery. All that red ink could turn out to be a little-noticed boon for corporate bottom lines. That's because companies are allowed to record a tax credit for current losses in order to lower their tax bill when they return...
...ball during one of his rallies: I hate the sport, winning is fun, my father preys on me, but I understand why. It's a perpetual struggle, yet Agassi, who won eight Grand Slams, survives the excruciating points, and your eyes stay glued to the action. He can hit a loud smash. In case you haven't heard, at one point in his career Agassi grew quite fond of crystal meth. Still, his soft shots carry the day. Agassi describes, in exquisite detail, how he wooed Steffi Graf by cobbling together a birthday card out of two airplane menus...
Taxpayers Take a Hit on TARP...
...Obama Administration's latest attempt to kick-start Israeli-Palestinian peace negotiations hit an unexpected setback after U.S. Secretary of State Hillary Clinton, during an Oct. 31 visit, praised as "unprecedented" Israel's efforts to limit construction of settlements on Palestinian-claimed land (above). The comment sparked an outcry from Arab leaders, who accused the Administration of backtracking on previous demands that Israel institute a complete freeze. Though Israelis have agreed to resume peace talks without preconditions, Palestinian President Mahmoud Abbas has refused to return to negotiations until all settlement construction is halted...
...meantime, more Cuban Americans are pouring into Cuba after Obama's relaxation of the travel and remittance rules for those with family on the island. The number of those travelers is expected to hit 200,000 this year, says Armando Garcia, president of Mar Azul Charters in Miami. That would be double the annual flow since 2004, when then President George W. Bush put the restrictions in place. If the travel ban were lifted altogether, recent studies suggest some 3 million Americans would visit Cuba each year. It's uncertain whether they would be effective ambassadors. But after almost...