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...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 "Can Congress Pass an Auto Bailout Bill Nobody Likes...

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

...have been taken over by the NCUA - they have in general held up better than corporate credit unions. Some of the nation's 28 corporate credit unions moved heavily into securities tied to mortgages, car loans and credit cards. That means they are now racked by the sorts of write-downs plaguing commercial and investment banks...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...compulsion. However, it has become progressively become more difficult to opt of the fee over the past few years. In 2006, one only needed to click a link the termbill Web site in order to opt out of the fee. By 2007, that link disappeared. Instead, one had to write an email explaining why he or she did not want to pay the $75. Moreover, by 2008 one had to handwrite that same letter and send it to the Student Receivables Office. There is, in short, an obvious and disturbing pattern toward making the opt-out process more annoying...

Author: By Matthew H. Ghazarian | Title: Opting Out of Opt-Outs | 12/8/2008 | See Source »

...situation, and is committed to modifying the policy as President.Schwartz has also been a steadfast advocate for international students and easing the difficulties they face in procuring H1B visas. Over the past semester, he has worked with the administration and the Woodbridge Society in efforts to have the College write letters on behalf of foreign students and provide them with legal help in navigating the complex lottery process.Finally, Schwartz and Biggers propose small, yet meaningful, reforms that address the day-to-day concerns of students, like extending dining hall hours to help athletes with late practices, improving cross-registration...

Author: By The Crimson Staff | Title: Vote Schwartz-Biggers | 12/8/2008 | See Source »

...League school presidents is voiced by •desire of to have Brookings Institution "cleaned out in a way that has somebody else take the blame" is voiced by •enemies - "The press is the enemy. The establishment is the enemy. The professors are the enemy. Professors are the enemy. Write that on a blackboard one hundred times and never forget it" - are seen everywhere...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 12/5/2008 | See Source »

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