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...recession. The speedy turnaround in corporate profits, which are expected to soar 60% in the fourth quarter, is raising the value of the tax credits because they can be quickly cashed in. What's more, Congress is close to passing a bill that would make it even easier than usual for companies to turn recent losses into immediate cash...

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

Normally, it can take years for companies to cash in these tax credits, and when they do their value may be greatly diminished if inflation has reared up. But the stimulus is producing a sharp turnaround in the economy, allowing companies to cash in their credits sooner than usual. What's more, continued low inflation is allowing the credits to retain their value. (See the top 10 tax dodgers...

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

...usual Houses will be receiving between one and five stars. SPOILER ALERT: Dumbledore dies. Just kidding. A House gym will actually get a five today. Follow the jump to see which...

Author: By Eric P. Newcomer | Title: Get Your Swell On: House Gyms Part 3 | 11/5/2009 | See Source »

...Pakistan as First Lady in 1995 had been a transformative experience for her - the beginning, I believe, of the process that made her a plausible candidate for Secretary of State. I traveled with her on that trip; when we set off, she seemed depressed and even more private than usual. The Democrats had cratered in the 1994 congressional elections, and she had been trounced in her efforts to enact a universal health care plan. It was a very personal defeat; as Clinton traveled the country trying to sell the plan, crowds shouted her down and cursed her. Privately she admitted...

Author: /time Magazine | Title: The State of Hillary: A Mixed Record on the Job | 11/5/2009 | See Source »

...this may not be enough to stop the usual E.U. squabbling in the end. The newly empowered leaders will likely have trouble preventing splits on major issues, if the 2003 dispute over the U.S.-led invasion of Iraq is anything to go by. With this in mind, perhaps a mediator is what the institution needs, not a power-player on the world stage, someone who will "stop traffic" in world capitals, as Miliband said last month in support of a Blair presidency. (See pictures of the Bush-Blair friendship...

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

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