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...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 to profitability. (See six year-end tax tips...

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

Since 2008, Ahmed Wali Karzai has been getting nearly more ink than even his brother, Hamid (Afghanistan's president). Unfortunately, it's for all the wrong reasons. Whispers accusing Ahmed Wali Karzai of corruption are nothing new, and nor are the allegations of his involvement in Afghanistan's drug trade. Allegations about Ahmed Wali Karzai have often featured prominently in complaints of corruption against his brother's government. But the report claiming that Karzai is on the payroll of the Central Intelligence Agency might be the biggest headline yet. The New York Times alleges that Karzai has been facilitating...

Author: /time Magazine | Title: Ahmed Wali Karzai | 10/28/2009 | See Source »

Nevertheless, election workers, with the help of the U.N. and, in some cases, donkeys and camels, began spreading throughout the country with a fresh batch of ballot papers, tamper-proof boxes and indelible ink to be delivered to far-flung polling stations. This time, however, the task won't be quite so arduous. Afghanistan's election commission has decided to cut the number of polling stations by about 2,000 out of 25,000 in an attempt to mitigate some of the fraudulent methods practiced in the first round, when stations that never opened due to security fears nevertheless reported...

Author: /time Magazine | Title: The Afghan Runoff: Will It Be a No-Show Election? | 10/26/2009 | See Source »

Indeed, such understanding is of critical importance today. Although much ink has been spilled about today’s “secular age,” religion remains extremely relevant. The large majority of people are still spiritual in some way—only four percent of Americans define themselves as atheist or agnostic. However, the number of people unaffiliated with any faith, especially among young Americans, is growing. This trend poses the danger of creating a new generation that will grow up outside of any sort of religious tradition altogether, making it harder for them to come...

Author: By Ellen C. Bryson, CRIMSON STAFF WRITER | Title: In Good Faith | 10/19/2009 | See Source »

...that promise to improve battery life and make devices more portable and easier to read. U.K.-based Plastic Logic hopes to introduce next year the first e-reader with a plastic screen that will reduce glare and be less prone to cracking when dropped by ham-fisted owners. Electronic-ink technology is set to move from black and white to color by the end of 2010. Even video is on the horizon. "We'll see a range of models start to appear over the first half of 2010" offering "a range of different reading and productivity experiences," says Neil Jones...

Author: /time Magazine | Title: Kindle Killers? The Boom in New E-Readers | 10/11/2009 | See Source »

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