Word: biting
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...Nirvana is capable of performing 1 trillion computations each second - to trace AIDS's evolution back to a single "starter" strain dating from around 1930. The team suspects that one person or a small group of people became infected with the virus through some kind of contact (a bite or accident) with a monkey carrying the strain...
...company stock, with a cost basis of $100,000. If you are in the 31% tax bracket and take possession of the stock, you will immediately owe $31,000. But the eventual tax on that $400,000 will be just $80,000 for a total tax bite of $111,000. In an IRA rollover the total bite would be $155,000. And by taking possession, you can later pass the stock on to heirs at a stepped-up basis. Your heirs will pay capital-gains tax on the difference between the cost basis and the market value at the time...
These are powerful inducements that must be weighed against individual needs. The immediate tax bite may not be worth it if you have to use 401(k) assets to pay the bill. And the math doesn't work if your company's stock has been a dud. The diversification issue looms large as well. Rolling into an IRA allows you to sell the stock without triggering a tax liability and then buy mutual funds to reduce risk...
...rapprochement between the international body and congressional Republicans. (Following his "warning," the French ambassador gently suggested that Senator Helms consider the fact that the U.N. was in no sense an independent actor, and simply represented the sum of its member states.) International diplomats may have been inclined to bite their tongues through Helms?s speech, because the Senate Foreign Relations Committee chairman effectively controls the U.N. purse strings - the Clinton administration was unable to pay its billion-dollar backlog of unpaid dues to the international body without striking a deal with Helms. "Inviting Helms to speak to the council...
...Parents of students will bite the bullet and pay for expensive housing for four years--they expect to pay for room and board," he says. "But families have to do this every year, and can't shell out as much. This drives rents up incredibly...