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...profits--courtesy of the American taxpayer. And that's not all. Like other synfuel producers, Progress Energy can't immediately use all the tax credits it mines because of tax-law limitations. As of Dec. 31, 2004, it was sitting on $745 million in deferred credits that it can write off against future earnings for years to come. And Progress Energy is not alone. Plants run by DTE Energy Co. of Detroit generated $1.2 billion in tax credits during the same years...

Author: /time Magazine | Title: A Magic Way to Make Billions | 2/26/2006 | See Source »

...TAKING A CRACK AT KATRINA. Probably there will be. Certainly I'm not the kind of novelist who turns around quickly. I'm not the sort of writer who can walk into a party and take a look around, see who's sleeping with whom and go home and write a novel about society. It's not the way I work...

Author: /time Magazine | Title: 10 Questions for E.L. Doctorow | 2/26/2006 | See Source »

...WRITE FICTION ABOUT ACTUAL EVENTS. THAT'S BEEN A TOUCHY SUBJECT LATELY, SINCE THE FLAP OVER JAMES FREY. Well, he's not my responsibility. That book was mislabeled. It should have been spoken of as a kind of autobiographical novel. People know that novelists are liars. And that's why we can be trusted to tell the truth...

Author: /time Magazine | Title: 10 Questions for E.L. Doctorow | 2/26/2006 | See Source »

...those with eyes bigger than their brains. "Bank robbers," says Robinson, "are basically idiots. They went in, and they found £40 million sitting there, and they got greedy. If they had taken £4 million, they could probably have walked away and disappeared." But who'd write a true-crime novel about a miserable four...

Author: /time Magazine | Title: Villainy of the Old School | 2/26/2006 | See Source »

Last January, I was slated to write one final piece on Kirby reflecting on developments during the last two years. Our interview was January 20, 2005, three days after word of Summers’ incendiary speech at the NBER conference hit the presses. Already, the school was abuzz, but for the first time in months, Kirby showed signs of his former candor and capacity for reflection...

Author: By Rebecca D. O’brien | Title: In the Shadows | 2/24/2006 | See Source »

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