Word: reliefers
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...short-term loans to keep the companies on life support until a new Congress and the incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize the teetering banking system, but now it may have no choice. (See TIME's top 10 financial collapses...
...months in, and already $16 billion in the hole. That's how much the Treasury's Troubled Asset Relief Program (TARP), which was approved by Congress in early October, has already lost on its investments, according to a TIME analysis. (Read the top 10 financial collapses...
...Mugabe is a corrupt and dangerous dictator, and he must go. Even if the cholera epidemic eases—and hopefully it will—the world must not let this tragedy pass without increasing pressure on Mugabe to abdicate power.Although we encourage and applaud Western efforts to lend relief to this troubling situation, those actions are not enough. Seeds of change are more likely to be successful if sewn closer to the root of the problem. To this end, the African Union (AU) ought to play a larger role in quelling this crisis. Zimbabwe is a member...
...course, some IRS notices raise taxes, and not all of the tax-relief measures pertain to what corporations pay. For example, the IRS has passed notices this year that give tax relief to hurricane and flood victims...
Under the law, companies have to pay taxes on any money they receive in federal aid, just like any other income. But don't worry, corporate America, the Treasury's Troubled Asset Relief Program won't trigger a tax bill. In October, the IRS said it doesn't consider money given by the government to the ailing banks as part of the TARP program financial aid. Call it a financial encouragement to stay in business, but not aid. Tax-Loss Carrybacks...