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...credits for current losses and use those credits to lower their bill when they return to profitability. If companies have more tax credits than profits, they are allowed to carry those credits forward for up to 20 years or until they are used up. (See 10 ways to spend your tax refund...

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

...Eisenberg knows how to shop. He can see through marketing campaigns, advertisements, and all the subtle nuances behind a store's attempt to make you spend your money. In his new book, Shoptimism the former executive vice president of clothing retailer Lands' End (and former editor-in-chief of Esquire) examines why we shop, how we buy, and what sort of tricks the advertising industry tries to play on us. (Watch TIME's video "Are You Ready To Shop...

Author: /time Magazine | Title: Shoptimism: Why We Buy Things | 11/5/2009 | See Source »

There are also some who see the credit as disruptive to market cycles. Sales and pricing ultimately have to be set organically, not by short-term government subsidies, says Bose George, an analyst at Keefe, Bruyette & Woods. "Pricing has to be determined by how much money people have to spend and the interest rates they have to borrow to buy the home," he says. "The tax credit - while it could help in the short-term - is not meaningful in the longer-term." Says Widner: "It postpones the inevitable reconciliation...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

...Library of Babel,” imagined the universal library as a dystopia, where “the shelves register every possible combination of the twenty-odd orthographical symbols,” where the availability of all possible books means the reliability of none, and where the librarians spend their days searching vainly for a master catalog which must, by logic, exist somewhere amid the annals of nonsense. I fear for the opposite: a world where finding the proper book is all too easy and simple...

Author: By Charlie E. Riggs | Title: Dream of a Universal Bookstore | 11/4/2009 | See Source »

Twenty-two CIA agents who were convicted by a Milan court on Wednesday of kidnapping an Egyptian cleric are unlikely to spend any time in prison. The verdict, announced by Milan judge Oscar Magi, is only the first step in the labyrnthine Italian legal system, and the government of Prime Minister Silvio Berlusconi has shown no desire to pursue the case...

Author: /time Magazine | Title: CIA Agents Convicted in Italy Unlikely to Serve Time | 11/4/2009 | See Source »

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