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...figure out the answer, we might look to an existing one: the mortgage-interest tax deduction. Each year we give up some $80 billion in tax revenues so that homeowners don't have to pay tax on the income spent on mortgage interest. The thing is, about half of homeowners don't claim the deduction; they don't see the benefit, nor do the one-third of people in the U.S. who rent a place to live...

Author: /time Magazine | Title: Should the Home-Buyer Tax Credit Be Allowed to Expire? | 9/28/2009 | See Source »

...proposals have sparked grumbling among bankers, especially in Europe, because the requirements would crimp their profitability. JPMorgan this month estimated that, if key measures like increased capital requirements are implemented, the average return on equity of investment banks would drop by one-third. "It's out of the question to systematically increase layers of capital in the banks if there's no supplementary risk," says Ariane Obolensky, managing director of the French Banking Federation. But the tide is against such critics. As Stark of the ECB put it in a speech this month, "the simple statement that 'if banks...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...percent of businesses surveyed believe they would not encounter severe operational problems if 30 percent of their workforce were absent for two weeks, according to the survey conducted by the Harvard Opinion Research Program at HSPH. But when faced with losing half of their workforce for two weeks, only one-third of businesses reported feeling prepared...

Author: By Helen X. Yang, CRIMSON STAFF WRITER | Title: Firms Expect H1N1 To Affect Operations | 9/25/2009 | See Source »

...does, however, have a last-ditch move that it can make with France and Britain, or even alone. Legislators on Capitol Hill are preparing a tough bill that would impose sanctions on third-country companies that supply the gasoline imports on which Iran relies for about one-third of its consumption. House Foreign Affairs Committee chairman Howard Berman, a California Democrat, has said he will mark up his bill next month. But the fewer allies that sign on for such tough sanctions, the more those sanctions are likely to hurt the U.S. rather than Iran...

Author: /time Magazine | Title: Will Germany Back Obama's Iran-Sanctions Coalition? | 9/21/2009 | See Source »

...wide-ranging interview with TIME, Abdullah rejected all talk of compromise over the disputed poll. Unofficial results give Karzai 54.6% of the vote and Abdullah just 27.8%. But European observers say that at least 1.5 million ballots - more than one-third of the total - may have been fraudulent. If, as opponents and foreign observers allege, most of the tainted ballots turn out to be for Karzai, that could drop the President below the 50% mark. "The international community has to ask itself: Will it tolerate this massive fraud?" Abdullah asks...

Author: /time Magazine | Title: Why Karzai's Rival Abdullah Won't Budge on Runoff | 9/21/2009 | See Source »

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