Word: caps
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Hockey bloggers, after railing at owners and players for wiping out an entire season, were relieved at last week's tentative labor agreement but still angry at the sport's leaders. With word of a salary cap being instituted, most agreed with the HOCKEY PUNDITS that the "owners won on almost all counts," and many called for the union head and NHL commissioner to resign. (For the lighter side of the issue, check out GARY BETTMAN SUCKS.) Yet, as the HOCKEY CRITIC observed, "both parties have a daunting task ahead of them as they try to ... win back the fans...
...MOGLIA Our performance has been extraordinary. In a difficult environment our market cap has grown by five- or sixfold. We have greater than 50% pretax margins. We've got a pristine balance sheet. We are 25% of the active-trader market in the U.S. We're a very, very attractive asset...
...some ways, corporations such as GE are pulling U.S. policy into greener arenas despite the Federal Government's recalcitrance. For instance, Senate proposals to cap CO2 emissions--opposed by congressional Republicans and President Bush--failed to make it into the energy bill. The Senate bill does require utilities to generate 10% of electricity from renewable fuels like wind or solar by 2020, but Bush wants more emphasis on tax breaks for oil and gas production. Immelt is one of a growing number of chief executives, including the heads of major utilities, who think carbon caps are both inevitable...
...Students today have the lowest rates in the history of the loan programs. [Variable rate reconsolidation] ensures that all borrowers have access to low rates when the market is producing them, and it gives all borrowers the benefit of a loan cap,” said Alexa Marrero, spokeswoman for the House Committee on Education and the Workforce. “What a variable rate does is it allows all buyers to take advantage of the fluctuations of the market over time...
...Carl Icahn, Wilde's words may be painfully true. When Icahn learned last August that he had won his bitter battle to take over Trans World Airlines, the New York financier and renowned corporate raider put on a pilot's cap and jacket and pranced around his office. "We've got ourselves an airline," he exulted...