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...reason to be cheerful: a contract reported to be worth $1.5 million a year. While that's small compared to the nearly $9 million Fabio Capello is paid to manage England's national squad, it's very big money by Thai standards. Reid's base salary is 33 times bigger than that of his predecessor, Charnvit Polcheewin, who resigned after Thailand's failure to qualify for the 2010 World...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

Your character in the film, Mauricio, has a short monologue where he explains why marriage is worth fighting for. In your show Sexaholix there's a line where you tell your daughter, 'You know I love your mother too much to marry her.' And now you're married. What do you say to that...

Author: /time Magazine | Title: John Leguizamo | 12/10/2008 | See Source »

Corporate America has a new Santa Claus - the taxman. And this year he is bringing bags of cash, billions of dollars' worth, to all the suited boys and girls...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

...first bailout bill, the IRS issued a notice to change that rule to allow banks to significantly lower their taxes when they purchase other banks. Now, after an acquisition, a bank can reduce its IRS bill by claiming that loans on the books of an acquired rival are worth far less than the previous owners thought, not a hard claim to make these days. The acquirer can deduct from its taxes the full amount of the write-down. Before it could only lower its taxable earnings by a small percentage of the write-down of the preacquisition loans. (Read...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

...There is no doubt that the plans are expensive: some estimates predict that the 20-20-20 goal could cost the E.U. up to $80 billion a year, or 0.5% of its gross domestic product, although officials and green activists insist that the price is worth paying for energy security and a cleaner world. (See TIME's special report on the environment...

Author: /time Magazine | Title: Is Europe Getting Cold Feet on Climate Change? | 12/10/2008 | See Source »

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