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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 »

...land of Republicans—the land of George W. Bush, with his comical attachment to his ranch and his linguistic gaffes. Like others, I may have been influenced by the numerous studies and newspaper articles trying to convince me that once I left the red-state border, I would be met by nothing less than brilliance...

Author: By Nafees A. Syed | Title: In Defense of the South | 11/4/2009 | See Source »

...been to a farm once, and that was because my enthusiastic parents wanted to show me what farm animals look like in real life. Yet despite Georgia’s decisive modernity, I am still the brunt of redneck jokes, all the more outlandish because I am not red, or even white, but just plain brown...

Author: By Nafees A. Syed | Title: In Defense of the South | 11/4/2009 | See Source »

After eight years with a Democratic governor, Virginia is now firmly back in the red. Voters in the state elected former Attorney General Bob McDonnell on Nov. 3, beating State Senator Creigh Deeds 59% to 41%. McDonnell won over voters who just a year ago voted for Barack Obama, the first time the state had supported a Democratic presidential candidate since the 1960s. The off-year election is considered a bellwether for voter attitudes towards the President and his policies, and the results are not encouraging for Obama: McDonnell, 55, entered election day with a double-digit lead. McDonnell...

Author: /time Magazine | Title: Virginia Governor-Elect Bob McDonnell | 11/4/2009 | See Source »

...These posters are hateful and shameful," says Hafid Ouardiri, a spokesman for Geneva's Islamic Cultural Center and its mosque. "How can this happen in Switzerland, the cradle of human rights?" (See pictures of the Swiss-invented Red Cross...

Author: /time Magazine | Title: Will Switzerland Vote to Ban Minarets on Mosques? | 11/3/2009 | See Source »

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