Word: caps
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Dates: during 2000-2009
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...India for the first time. The concession came with a catch: foreign media outlets can sell only international editions?issues can't contain local content or advertising, because that would threaten the country's homegrown publications. Nor can outside media giants buy their way in. There's a 26% cap on overseas ownership of newspapers and TV news channels. The recent changes aren't enough, say some of the key players who had hoped for an opening. Last year, for example, the Wall Street Journal announced with fanfare that it would launch an Indian edition with a local partner...
...aren't more deals being done? The 26% ownership restriction is one problem. Tariq Ansari, managing director of Mid Day Multimedia, owner of the popular Bombay newspaper Mid Day, says that most foreign investors want the cap to be higher?at least 49%?before they'll invest in Indian papers. Supporters of the cap point out that many countries have restrictions on foreigners entering their newspaper market?why shouldn't India? Then there's the claim that without the cap, illicit money could enter the local industry. "Would you want funds that have terrorist linkages to enter the media?" asks...
...starting smoking. Robredo tightened, serving double faults and whacking balls into the stands. Arthur Ashe started sounding like a football stadium, the J-Block leading chants of "Blake! Blake! Blake!" Blake took five straight games to take the second set, 7-5, then cruised, 6-2, 6-3, to cap off the comeback. As Robredo's final shot sailed long, Blake dropped his racquet and cupped his hands on his head in disbelief. Says Blake: "I guess I remembered how to play...
...worse, nothing? Flood insurance offered by the Federal Government is required by most lenders before they will provide a mortgage for a house in a flood-prone area. But that insurance has a cap of $250,000 or 80% of the replacement cost of the home, whichever is less. How many low-income families, their resources strained by the disaster, will be able to come up with the difference? Even the loans that the Federal Emergency Management Agency makes available require a good credit record, which for many people may be one hurdle too many...
...losers? Carmakers such as Subaru and Suzuki would be forced to raise the fuel efficiency of their small SUVs 28%. Also not happy: nine states, including California, that are proposing to cap emissions of greenhouse gases from cars and trucks...