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...convoluted from the start, but it offered oodles of money to the participants. An American investor agreed to lease tram and subway cars from BVG, Berlin's mass-transit company. And BVG, in turn, leased them back for terms ranging from 12 to 30 years. Under U.S. tax law at the time, the American investor was able to take a depreciation tax benefit on the equipment because it was held on a long-term lease - a financial benefit the investor shared with BVG. (Read about Paris' public bicycle system...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...take privacy very seriously, and we were careful to ensure that all images in our Street View service abide by U.K. law.' A GOOGLE SPOKESMAN, defending the company's policies...

Author: /time Magazine | Title: Verbatim | 4/9/2009 | See Source »

...Mayo's supporters are just as impassioned. At a February demonstration against Mayo's law, a passel of counterprotesters, VFW types in trucker caps, spoke reverently about "Pastor Mayo" and the movement he started. Mayo didn't show up for the demonstration because he - shrewdly - didn't want to be seen as endorsing the idea that his opposition to illegal immigration is necessarily an attack on Hispanics in general...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...January 2009, a new report said more than half that group reported being worried that their home will end up in foreclosure. Many illegal immigrants are homeowners, and driving them from their houses would be a Pyrrhic victory for any community fighting blight. Salvador's father-in-law Alejandro, an undocumented immigrant who owns a home in St. Helens, says the Anglos who target him hurt themselves. "I own this house and am making my mortgage payments on time," he says. "But what happens if I lose my job? Then the bank takes my house, and this place becomes...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...that one worker's leaving doesn't necessarily equal one job free for an American. "For every job that comes into an economy or leaves, there is a part of another job that comes or leaves with it," he says. In other words, if Salvador and his father-in-law leave, it isn't just the bank that would see its revenues go down. So would the Safeway down the street from their house and the Ace store where they buy spark plugs for their car and hardware for their home. These may be slight hits, but businesses are working...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

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