Word: annualized
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...teams left in the dust cry foul and demand that the sport's governing body, the Federation Internationale de l'Automobile (FIA), rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport's major names, such as Ferrari and McLaren, create a rival championship with fewer restrictions - and take the sport's lucrative TV audience with them...
...reorganized Chrysler Group LLC postponed the annual press preview of new cars at its proving ground near Chelsea, Mich. - all part of the production stoppage while the company waited out bankruptcy proceedings. But even during that downtime, Chrysler's American engineers and designers were busily exchanging notes with their counterparts at Fiat, just as they have been doing for the past six months...
Speaking at an annual conference of real estate editors, James Lockhart, head of the Federal Housing Finance Agency, said on Thursday the government shouldn't run Fannie Mae and Freddie Mac. Lockhart should know. He leads the agency that has been doing just that since last September, when the giant mortgage insurers were put into government conservatorship. Lockhart said his experience with Fannie and Freddie as well as helping to run other government insurance programs taught him that government ownership for these types of companies doesn't work. (See what to expect when the recession ends...
...budget year, her agency found jobs for 100 refugees. In the same period this year, only 28 found work. In 2007, the agency considered 80% of the refugees settled by her office to be self-sufficient. This year, so far, it's just 10%. At the same time, the annual number of Iraqi refugees is growing. Just 202 were admitted in 2006; this year could see an influx of as many as 17,000. (Read a story about how the U.S. removed the hurdles that Iraqi refugees face entering...
...listen; they keep doing these kinds of cases,' " says Jiang Tianyong, a Beijing human-rights lawyer. "We say this is what's permitted under the law. But they say we have no right to argue that these defendants aren't guilty. So when it comes time for our annual assessment, our licenses aren't renewed...