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...this year, companies in the Standard & Poor's 500 are likely to 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...

Author: /time Magazine | Title: Recession Dividend: A Boom in Corporate Tax Credits | 11/5/2009 | See Source »

Despite the vocal misgivings of its President, Vaclav Klaus, the Czech Republic became the last of 27 European Union member states to sign the Lisbon Treaty, removing the final hurdle for its passage. The charter, intended to consolidate and strengthen the E.U.'s governance, calls for Europe's first full-time President, a new foreign policy chief and a new voting system. It could go into effect as early...

Author: /time Magazine | Title: The World | 11/5/2009 | See Source »

...been collecting evidence of abuse and murder by government security services in the aftermath of the election. The fact that the government could turn against someone with such impeccable revolutionary credentials (Karroubi was a confidant of the late Ayatullah Ruhollah Khomeini and a former speaker of parliament) is a sign of just how tightly the new circle of power is drawn. If anyone needed a reminder of how little room is left for legal political opposition, last week Khamenei called it a crime to question the results of the election...

Author: /time Magazine | Title: In Iran, New Protests, but an Ever Harder Line | 11/4/2009 | See Source »

...White House, careful not to alienate Menendez when it needs every Democratic vote on issues like health care reform, has yet to throw its support behind the bill. But despite Obama's backing of the trade embargo, many observers believe it will be hard for him not to sign a lifting of the travel ban given his own stated policy preference for engaging Cuba...

Author: /time Magazine | Title: Could the U.S.-Cuba Travel Ban End Soon? | 11/4/2009 | See Source »

There were no trumpet blasts or jubilant ceremonies to mark the occasion. But the decision by Czech President Vaclav Klaus to sign an agreement he loathed on Tuesday was momentous, nonetheless. The long-delayed passage of the Lisbon Treaty - the Czech Republic had been the last holdout among the European Union's 27 members - marks the end of an almost decade-long saga to reform the cumbersome institution and give it a stronger, more unified voice on the global stage...

Author: /time Magazine | Title: A Treaty Ratified, the E.U. Turns to Picking Its Leader | 11/4/2009 | See Source »

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