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Some drivers in South Wales thought they had found a clever if illegal way to dodge the taxes that push British diesel prices north of $4.50 a gal.: by filling up with vegetable oil at half the cost or, better yet, with used cooking oil from fish-and-chip shops. Filter with methanol, and voila! But undercover cops have begun to sniff out these alternative-fuel users (the exhaust smells like french fries) and nail them for tax evasion. And while diesel cars can run well on such oils--so long as all the glycerin, water and other contaminants have...
Senator Edward M. Kennedy ’54-’56 (D-Mass.) blasted the White House’s stance on war with Iraq as “chip-on-the-shoulder foreign policy,” Friday in a speech at the Kennedy School of Government’s ARCO Forum...
...buzz about Kim Jong Il's devilish cunning: it's belied by elementary and obvious fact. These days, he's merely using the playbook of his father, Kim Il Sung, from the previous nuclear confrontation in the early 1990s?and so far, he's proving to be barely a chip off that old block...
Having already received a formal invitation to the NFL scouting combine, he spent the majority of his holiday break working out with Atlanta’s renowned fitness guru and combine trainer Chip Smith. In recent years, Smith’s masterful training techniques have helped players such as Chicago Bears linebacker Brian Urlacher and New York Jets receiver Santana Moss to dominate the combine and blossom into first-round selections...
Given the tax uncertainty, you may want to wait for some clarity. At this moment, though, fully taxable preferred remains your best option--and, as a kicker, these securities have rarely been cheaper. The average dividend yield for blue-chip fully taxable preferred shares is just over 7%, which is 1.4 percentage points higher than the average yield on blue-chip corporate bonds, according to Merrill Lynch. That's about as wide as the spread ever gets, and it means that investors today are promised a superior return with fully taxable preferreds. Among the best values out there, Merrill says...