Word: yorke
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...which sellers bid prices lower to attract buyers). Now Administration officials say they may just expand a new program run by the Federal Reserve. That program, the Term Asset-Backed Securities Loan Facility (TALF), is designed to spur consumer lending by stimulating sales of securitized consumer loans. The New York Federal Reserve has had to extend the application period because of market qualms, though Talbott says interest is building...
...balance this looks like a generous plan for many taxpayers," said Bob Goldstein, a senior tax consultant at Marks Paneth & Shron, New York. "It looks like an easy way for the IRS to handle this, but some things will be given up," Goldstein said. Those include, he says, the right to recovery by mitigation ("mitigating" or amending closed returns), claim of rights (a tax credit equal to taxes paid on Ponzi income to original investment), and amending returns based solely on phantom income (removing Ponzi or phantom income going back three years...
...home in Montana and hiking with green friends like Patagonia founder Yvon Chouinard. The former NBC Nightly News anchor just finished a new climate change documentary - Global Warming: The New Challenge with Tom Brokaw - which airs on the Discovery Channel on Mar. 18. Brokaw spoke to TIME in New York shortly after his return from a biking trip to Africa. Apparently semi-retirement isn't so bad. (See pictures of this fragile earth...
...tunes with guest appearances by U2. The other publications to which I subscribe have written reviews that left me wondering if the critics were listening to a different record. (To Rolling Stone, the album is a "5-star masterpiece"; to ENTERTAINMENT WEEKLY, an "A-"; and to the New York Times, "head-spinning.") Thank you, TIME, for your objectivity. Joe Martyn, BOSTON...
...Cambridge. Already a long-running Crimson columnist and editor of the Harvard Salient at the time, he had earned a reputation as a prolific writer and the foremost conservative on campus. With his recent selection to replace Bill Kristol ’73 as editorial columnist for the New York Times, he will become—at the tender age of 29—one of the nation’s most preeminent political commentators and visible conservative intellectuals...