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...plan, businesses would reportedly get a $5,000 tax credit to offset payroll taxes for each new employee. Companies would be eligible for a tax break if they raised salaries for current workers or increased employee hours. While the tax credit is open to companies of any size, the maximum tax benefit an individual firm can receive is $500,000. Obama believes limiting the credit means that more of the benefit will go to smaller businesses. Administration officials said the Obama plan would cost $33 billion. The hiring rebate was one of a number of tax cuts the President proposed...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

Unlike Akpan, Nyamekye faces a far more difficult task in not only getting minutes with his squad but simply making the roster. MLS clubs can have a maximum of 24 players on the roster, four of whom have to be developmental players (A designation for players 25 years of age or younger who do not count towards a club’s salary budget...

Author: By Mauricio A. Cruz, CRIMSON STAFF WRITER | Title: MLS Forecasts For Two Young Players | 1/26/2010 | See Source »

...formally charged, Ratzon faces a maximum 16-year prison term for each of the slavery and rape charges. Through his lawyer, Ratzon denied the allegations. After so many years of inaction, the police seem confident they can prove his guilt. "We have managed to gather a great deal of evidence relating to the offenses of holding people under conditions of enslavement and rape," deputy commander Shlomi Michael, head of the Tel Aviv police's Central Unit, told reporters...

Author: /time Magazine | Title: In Israel, the Messiah with More Than 30 'Wives' | 1/18/2010 | See Source »

...studied corporate giving, where Goldman employees donate may matter as much as how much they end up contributing to charity. And a look at past donations suggests that Goldman and its employees will have to do a better job of choosing their charities if they hope to get the maximum image boost. Among the roughly 450 nonprofit organizations that Goldman employees donated to through the voluntary program in 2008 are some of the nation's most élite private schools. One of the largest recipients of Goldman money in 2008 was New Jersey private school Rumson Country Day School. Also...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...potential for violence in the run-up to the polls, along with the efforts by the security forces to break up the private armed groups of feudal-style political strongmen scattered throughout the provinces. Candidates fearing they may be targeted by rivals can apply to Comelec for a maximum of two armed bodyguards drawn from the police or armed forces...

Author: /time Magazine | Title: Philippines Gun Ban Kicks Off Amid Campaign Violence | 1/13/2010 | See Source »

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