Word: late
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...Obama's biracial heritage and personal gravitas make him a far more difficult President to imitate - and that's before taking his unique preacher-professor cadences into account. "It's somewhere between Ted Koppel and an alien," impressionist Frank Caliendo said of Obama's voice during an appearance on Late Show with David Letterman, admitting he's struggled with his Obama impression (and not just because he happens to be a short, fleshy white dude). Another comedian, Donald Glover, told Tina Brown's Daily Beast that Obama's speech sounds like a cross between Laurence Olivier and Elvis Presley...
...group of New Yorkers that because of the political wunderkind, America has become an "irony-free" zone. "You know, you're allowed to laugh at him," Daily Show host Jon Stewart quipped in July to an unresponsive audience after several Obama jokes fell flat. (See the top 10 late-night gags...
...Late-Night Jokes...
...late September, just after Congress defeated the first bailout bill, the IRS issued a notice to change that rule to allow banks to significantly lower their taxes when they purchase other banks. Now, after an acquisition, a bank can reduce its IRS bill by claiming that loans on the books of an acquired rival are worth far less than the previous owners thought, not a hard claim to make these days. The acquirer can deduct from its taxes the full amount of the write-down. Before it could only lower its taxable earnings by a small percentage of the write...
...companies could soon be eligible for billions of dollars more. A bill was proposed in the House of Representatives in late November by Congressman Steve King, a Republican from Iowa, that would extend the tax-carryback rule to five years, which means companies could get their tax payments refunded all the way back to 2003. And the rule would be eligible for losses that occurred in 2008 or 2009. That means a company with a large enough loss, after the proposed rebate, could effectively not pay taxes for seven years. Senator Olympia Snowe, a Republican from Maine, has proposed...