Word: bonanzas
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California's hugely popular new lottery (first-month revenues: more than $240 million) has provided a bonanza to the state. Winners' names are run through computers to determine whether they owe money for such things as income taxes and student loans. So far, 60 people have had their winnings reduced by $94,000 to help pay off debts. The state will reap far more when winners of $10,000 to $2 million are announced. Most vulnerable are the 300,000 people, mostly fathers, who owe more than $1.3 billion in child support. For them, and for recipients of food stamps...
...cost in Hong Kong, but hardly a steal. In some luxury buildings, prices had surged by 45% in six months, fueled by low mortgage rates, expectations among foreign buyers that China's currency will gain against the U.S. dollar and by widespread fear of missing out on this historic bonanza...
...cash cow, projected to generate $660 billion of tax revenue over the next 10 years. In 2010 alone, the AMT will bring in $105 billion of additional tax revenue, or 9% of all federal income tax. Plagued by deficits, Congress is loath to turn its back on this bonanza--especially since it hits a relatively small political constituency...
...Take Me Out,” or even Green Day’s “American Idiot,” which was also nominated and snubbed, “Vertigo” becomes indistinguishable from “Beautiful Day” or any other anthemic Bono bonanza. But they’re U2. It’s this specter of the establishment, creeping into criticism, that makes me so dubious and ultimately diffident about where these awards...
...Take Me Out,” or even Green Day’s “American Idiot,” which was also nominated and snubbed, “Vertigo” becomes indistinguishable from “Beautiful Day” or any other anthemic Bono bonanza. But they’re U2. It’s this specter of the establishment, creeping into criticism, that makes me so dubious and ultimately diffident about where these awards...