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Here's how it will work in the FDIC's case: Later this year, along with their scheduled 2009 fee, banks will pay the FDIC all of the fees that they believe they will owe the agency through the end of 2012. But even though the banks will make those payments this year, they won't show up on 2009 income statements. Instead, each bank will add an asset, a big one, to its balance sheet, right below where the cash they just handed over to the FDIC used to be. It will be called something like prepaid FDIC premiums...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

...ignore these dire reports on CNN,” one student told the Crimson in February after the Harvard Law School’s peak recruiting season had passed her by and left her without a job. “You think that things will work out like every other year...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Tough Times For Harvard Lawyers | 9/30/2009 | See Source »

After the financial crisis pummelled investment banks and the fountain of transactional work dried up, law firms were forced to keep the commitments they made to new hires two years earlier. The result: a spate of deferred start dates that began with the class of 2009 and may continue with the class...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Tough Times For Harvard Lawyers | 9/30/2009 | See Source »

...Westerwelle pledged to cut taxes and simplify Germany's tax code - regarded as one of the most convoluted in Europe. The FDP leader says the goal is simple: more money in the pockets of workers. Lower taxes, the party says, will increase tax revenues by providing more incentive to work and boosting growth. Pushed by the CDU's sister party, the Christian Social Union (CSU), Merkel has already promised to cut taxes, but she cleverly avoided mentioning any date. The issue is likely to define the new government - either because Merkel and company carry out reforms and remake many...

Author: /time Magazine | Title: Fight over Tax Cuts Looms for Merkel | 9/29/2009 | See Source »

...That won't please business leaders, who have welcomed the prospect of a new direction. "We want to work with the new government to make sure there's economic growth," said Hans-Peter Keitel, the President of the Federation of German Industries (BDI). That enthusiasm will disappear quickly should Merkel shy away from change. "I hope the new government will be good for business as Germany needs structural reforms," Volker Treier, the chief economist of the Association of German Chambers of Industry and Commerce told TIME. "We need a more flexible labor market, reforms of the social security system...

Author: /time Magazine | Title: Fight over Tax Cuts Looms for Merkel | 9/29/2009 | See Source »

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