Word: relax
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...doing what it can to lower corporate taxes, going above and beyond what has been allowed in the past. The result is that the IRS has become, in effect, a much less public arm of the federal-bailout machine. "There have been all sorts of Administration announcements that relax the tax law," says Thomas Humphreys, an attorney at Morrison and Foerster. "I don't remember a wave of provisions like this." (See pictures of the global financial crisis...
...moment, at least, taxpayers can relax about that imposing figure. Whether it's donor fatigue or anger that the Big Three to a large extent brought this upon themselves, there simply isn't the political will in Washington to pass a comprehensive rescue plan. When they returned to Congress last week to plead for help, the automakers asked for $34 billion in order to avoid bankruptcy. Most economists agree that if even one of the Big Three - Chrysler, General Motors or Ford - were to file for Chapter 11, it would have a potentially crippling cascade effect on the economy...
Ultimately, many companies will have to boost contributions to their pension plans to recover from this year's loss. How that occurs is partly governed by the Pension Protection Act. But experts say some companies will lobby for Congress to relax some aspects of the act, arguing that being forced to significantly increase contributions to pension plans may force them to file for bankruptcy. When President Bush signed the Pension Protection Act in 2006, companies won cost-savings concessions, such as the ability to use a higher interest rate in computing lump sump pension payouts. But the savings from those...
...Great, fun cover! Let's hope in 2012 Obama will be able to relax in a touring car, smoke a cigarette for old times' sake and toast to four more years. Peter Cordel, Colorado Springs...
...Lowdown Pitchfork 500's reviews have been pleasantly stripped of their supercilious phrases (well, for the most part - one critic sounds like a high school student thumbing through a thesaurus when he deems the 1983 hit "Relax" by Frankie Goes to Hollywood "Fellini-esque") and its tributes to popular songs are exquisite. The review of Brian Eno's "1/1," tells how the bedridden singer's inability to reach the volume knob on his stereo led to the creation of an entire genre of "ambient music," and provides eager but inexpert music fans with a greater understanding of pop music...