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...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 extension would result in refunds of $33 billion to companies...
There were no trumpet blasts or jubilant ceremonies to mark the occasion. But the decision by Czech President Vaclav Klaus to sign an agreement he loathed on Tuesday was momentous, nonetheless. The long-delayed passage of the Lisbon Treaty - the Czech Republic had been the last holdout among the European Union's 27 members - marks the end of an almost decade-long saga to reform the cumbersome institution and give it a stronger, more unified voice on the global stage...
...treaty's supporters have long argued that the measures are essential to ensure the organization designed over half a century ago for six member countries can meet the demands of more than two dozen nations and a half billion people today...
What do students do on Students' Day? Not too long ago, I posed this question to the principal of a boys' high school in Tehran. Do you take your students to the "Nest of Spies," as the former embassy is commonly referred to in Iran, to rally and protest? The principal, a man with impeccable revolutionary credentials, did not hesitate in his reply. "Why would we? What would be the use in that?" Instead, he said his staff would take their students to a private garden as a way to build camaraderie and spirit, a kind of Islamic field trip...
...Wednesday, opposition rallies were held in various cities across Iran. In Tehran, protesters gathered in the large Vali Asr and Haft e Tir squares in the central section of the capital. Footage and reports from opposition websites show demonstrators chanting "Death to the dictator" and "So long as Ahmadinejad remains, this will continue" before being dispersed by an onslaught of plain-clothed and uniformed security forces. At the same time, the traditional shouts of "Death to America" and "Death to Israel" echoed in large gatherings organized by the government in front of the old embassy. (See pictures of the rise...