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Phil Tingle was mentioned in the November 24 issue of Forbes magazine about how the new law, enacted by Congress on October 3, contains tax breaks for millionaires on everything from home windmills and corn stoves to plug-in hybrid cars and deluxe bicycles. "People just fall into it. They wake up and have a credit," said Mr. Tingle.
Andie Kramer was quoted in the November 24 issue of Business Week about how fund-of-funds managers are being forced to dump assets, putting further pressure on the hedge funds and the markets generally, since so many depended on borrowed money. The funds of funds were layering leverage upon leverage. They owned hedge funds already loaded up with debt, roughly $6 for each $1 of capital. When credit seized up, the process began to reverse. "Once things start to deliever, everything contracts," Ms. Kramer said.
Andrea S. Kramer , Hedge Funds , Markets Restructuring , Tax
Henry "Terry" Christensen III was quoted in the November 11 issue of The New York Times about how the current economic crisis is causing people to question how much they should give to charity while alive and what to leave in their estate plan. ''Will I have enough to retire comfortably?'' and ''Do my spouse and children need a larger inheritance than I previously assumed?'' are among the issues distracting donors from philanthropy, leaving charity ''a second-class beneficiary,'' said Mr. Christensen.
Henry Christensen III , Private Client
Paul Hamburger was selected as one of SmartCEO's 2008 SmartLawyers. Mr. Hamburger was recognized in the November issue. SmartLawyers are selected by an independent selection committee of law experts. For the full article click here.
Paul M. Hamburger PC , Employee Benefits & Pensions
Roy Crawford was quoted in the November issue of Tax Incentives Alert about the suspension of the deduction for NOL carryforwards in California. "It's a real incentive for a lot of businesses," noted Mr. Crawford. "There are so many start-ups out here that count on that credit as 'adventure money,'" he added.
Roy E. Crawford , State & Local Tax , Tax
