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...this year, companies in the Standard & Poor's 500 are likely to have lost as much as $400 billion since the start of 2008, according to S&P. It's a sign of just how badly the recession has hit big companies. But it could also turn out to be a leg up for corporations in the recovery. All that red ink could turn out to be a little-noticed boon for corporate bottom lines. That's because companies are allowed to record a tax credit for current losses in order to lower their tax bill when they return...
...Opel workers ratcheted up the pressure on GM by going on strike on Thursday. "It's a black day for Opel," says Klaus Franz, leader of the company's works council. "The strikes will start in Germany, and then they'll spread across Europe on Friday." Thousands of workers gathered at the carmaker's plant in Rüsselsheim to vent their anger at the aborted sale. Roland Koch, governor of the state of Hesse, told the workers that GM couldn't be trusted and that he would fight to save every German job. The strike coincided with...
...Obama Administration's latest attempt to kick-start Israeli-Palestinian peace negotiations hit an unexpected setback after U.S. Secretary of State Hillary Clinton, during an Oct. 31 visit, praised as "unprecedented" Israel's efforts to limit construction of settlements on Palestinian-claimed land (above). The comment sparked an outcry from Arab leaders, who accused the Administration of backtracking on previous demands that Israel institute a complete freeze. Though Israelis have agreed to resume peace talks without preconditions, Palestinian President Mahmoud Abbas has refused to return to negotiations until all settlement construction is halted...
...best at the start of the day. Wake with the first rooster crow and head out for a morning walk. The fog rises, the dew burns off and the water buffalo are saddled up for work in the paddy fields. Stop off at the bakery on Don Det's northern tip, run by an Australian pastry chef, for a simple breakfast of cinnamon rolls or focaccia bread (and don't forget, at some point during your stay, to try the best pumpkin burger on an island full of imitators). You could then cross the bridge over to Don Khon...
Despite being built in a series of caves, L'Hotel in Pietra is an airy boutique property where the rooms, which start at around $160 a night for a double, feel like private archaeological museums. In one suite, glass is embedded in the floor so guests can peer down into the medieval water-storage chamber, and a rain shower is built into the cave walls. Carefully placed lighting and thoughtful details, like the words "Dear Guest" stitched in Portuguese on the bed linen, warm these ancient stone rooms - and make the fact that livestock used to have...