Word: classing
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...should duke it out for Best Picture: the Anglo-Indian Slumdog Millionaire, with 10 nominations, and the all-Hollywood The Curious Case of Benjamin Button, with 13. One film cost $15 million, the other 10 times that. Slumdog is about kids who grow into teenagers amid the civil and class chaos of modern Mumbai; Benjamin Button, about someone (Brad Pitt, no less) who's born an old man and ages backward, reaching adolescence when most people are hitting senility. Both pictures have social agendas, but they are more vigorous and less predictable than the Broadway stage-based Doubt and Frost/Nixon...
...real culprit of dropping economic indicators in these three Asian nations is as much the fragility of the middle classes as it is export problems. The American middle class, as it is constituted now, began to form after WWII. It has driving the construction, automotive, energy, travel, and retail industries and made each of them large and relatively stable, even when the economy moves toward deep trouble...
...Actually, Obama was resisting in the name of balance: the bulk of his proposed stimulus package will probably go to short-term fixes - his promised $300 billion in tax breaks for the middle class, $200 billion in aid to cities and states, benefits for the poor and unemployed. Even so, aides say, most of Obama's attention has been focused elsewhere - on the long-term stimulus projects, the larger transformations in the economy, the health-care system and foreign policy. Quietly, the Obama transition team reviewed every government agency "to find out which specific programs were working and which weren...
...prepared his taxes during several of the years in question, or by his accountant. Among Geithner's missteps: he claimed that payments made for summer camp for his children were tax deductible because they qualified as dependent-care. But the dependent-care credit is aimed at helping middle-class working parents afford the cost of daily child care, not at helping pay for expensive retreats. An accountant told Geithner in 2006 that overnight camps were not eligible for a tax break, according to the Senate Finance Committee report. Still, Geithner failed to file amended tax returns and pay his back...
...more than one meeting with current Treasury Secretary Paulson in the past year, it is safe to say he is staying in the same line of work. One thing to watch out for, Tim: expenses must be reasonable in the eyes of the IRS. So if you flew first-class to Chi-Town, you are probably going to be able to expense only a portion of your ticket...