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...July, three of Thaksin's lawyers were sentenced to six months in jail for attempting to bribe officers at the Constitutional Court. Soon after, Thaksin's wife Pojaman, her secretary and her brother were convicted of tax evasion and sentenced to three years in jail. They were released on bail and are appealing the case...

Author: /time Magazine | Title: Thaksin Flees to London — Again | 8/12/2008 | See Source »

...attempt to shore up the housing market, British lenders have in recent weeks begun squeezing their fixed-rate mortgages to lure buyers in. The government, meanwhile, is examining a temporary suspension of the tax paid by new buyers. What's really needed, though, is an interest rate cut. That's unlikely. On August 7, the Bank of England opted to hold rates at 5% because it's scared a cut will allow inflation to balloon further...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...reminds me that it's still early. "My sense is that during the summer months, people are not going to be paying as much attention as they're going to be paying in September and October." Obama says he plans to highlight the differences between his and McCain's tax and health-care plans in the fall. "When the American people start focusing on those contrasts, they will see two fundamentally different visions of where we can take America." In the words of an old Clinton campaign, he plans to remind McCain: It's the economy, stupid...

Author: /time Magazine | Title: Obama's Economic Challenge | 8/11/2008 | See Source »

...Bush and McCain, his reference to McCain's divergence from Bush on policy issues is dramatically overstated [July 28]. While McCain's previous vocal opposition to Bush's agenda has secured him the "maverick" label, his Senate record has followed the party line on almost every major issue except tax cuts (a position he has since reversed) and torture. Katie Mercuro, Ashburn...

Author: /time Magazine | Title: Inbox | 8/8/2008 | See Source »

...generated enough solar power that he doesn't need to take any juice from the grid--but after he pays off the loan, his power will be free. And this year, he'll get a $16,000 rebate in the form of federal and state tax incentives for solar. "I really wouldn't have been able to do this without the financing," he says. "But with [the loan], it's a no-brainer...

Author: /time Magazine | Title: Solar Power Hits Home | 8/7/2008 | See Source »

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