Like a con man luring an innocent into a game of three-card monte, the tax code is no stranger to now-you-see-it, now-you-don't sleight of hand. Many tax deductions, exemptions, and other breaks are highly visible when enacted but can disappear when it comes to filling out a tax return.
James Scurlock's film Maxed Out takes a hard look at the American lending industry and how it has enabled the country's spiraling debt. Scurlock, a business school dropout who opened and sold four restaurants before he turned 25, discusses recent shakeups in the business world and where both debtors and lenders should go from here.
James Scurlock wanted to make the credit card version of Super Size Me, Morgan Spurlock's irreverent look at obesity and the fast-food industry in America. His plan was to move about the country and record the absurdity of American spending and consumerism.
AP - Valerie Plame put a glamorous face and a personal story to Democrats' criticism of the Bush administration Friday, telling a House committee that White House and State Department officials "carelessly and recklessly" blew her CIA cover in a politically motivated smear of her husband.
AP - The White House dropped its contention Friday that former Counsel Harriet Miers first raised the idea of firing U.S. attorneys, blaming "hazy memories" as e-mails shed new light on Karl Rove's role. Support eroded further for Attorney General Alberto Gonzales.
AP - North Korea will not stop its nuclear activity unless $25 million of its funds held in a Macau bank are fully released, the regime's top nuclear envoy said Saturday.
A grand jury has indicted three of five New York City police officers involved in the shooting death of a groom hours before his wedding, one officer's attorney and their union president said today.The shooting stirred outrage around New York City and led to accusations of racism against police.
The president of Gambia says his ancestors revealed to him in a dream the cure for AIDS. Now, HIV/AIDS patients in the tiny African nation are beginning to receive the herbal concoction. Global health officials fear this treatment will bring false hope to patients. Said one patient: "I am cured at this moment."
Valerie Plame Wilson told Congress Friday the leak of her identity as a CIA covert operative "has jeopardized and even destroyed entire networks of foreign agents."