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...banks who held Fannie Mae and Freddie Mac preferred shares, which were essentially rendered worthless when the government took over the two large mortgage guarantors, can count the loss on that investment as a regular business loss, not an investment loss. The Federal Government has estimated the change will save banks as much as $3 billion in tax payments this year. Improved Tax Break on Foreign Operations...
...profits, so long as the loan is paid back in 60 days. Pay it back in 59 days, and you can roll the loan over three times in one year, tax-free. Willens says it's hard to put a number on how much the change will save companies but that it is substantial. "It's quite a large savings," says Willens. "Not only does it lower taxes, but it also allows companies to borrow more cheaply from their subsidiaries...
...European Commission president José Manuel Barroso has explicitly rejected suggestions that the economic crisis means the E.U. cannot afford to save energy and tackle climate change. "Climate action, energy security and economic growth can and must be pursued in a mutually supportive way," he said on Tuesday. "It would be a real mistake for Europe to give the signal that we are watering down our position after all these years leading the efforts for a global solution now that others, like the Americans, are coming closer to our position...
...Will we save the trees...
...where everything from playing sports to making friends has become digitalized, James D. Hirschfeld ’08 is introducing a novel concept to the electronic world: elegant e-mail invitations. Unlike existing e-vite programs, Paperless Post aims to save money and paper while maintaining the same quality of a written invitation...