Word: creditably
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...association also says it still supports extending the $7,500 tax credit for first-time home buyers to all buyers and making the tax credit permanent. Right now, home buyers have to pay back the credit when they sell their home...
...Europe's fastest growing region. Entrepreneur Lepik recalls firing off an e-mail loan application in 2006 with a "very basic" business plan, and getting approval in less than a week. Private debt across the Baltics rose from nearly zero to Western levels as consumers became hooked on credit. Home buyers and businesses took out mortgages in foreign currencies, which had the effect of worsening already severe current-account deficits. In a peculiarly Estonian twist, companies in the tech-savvy country began offering high-interest short-term loans by mobile phone. Borrowers could text the company their requests and have...
...when property prices began to fall last year, people like Lepik, who had grown accustomed to making 50% a year on their real estate investments, suddenly struggled to sell. As the banks that helped finance the boom clamped down on credit, dozens of companies went bust. Land on the outskirts of Tallinn that had cost $0.50 per square meter in 2000, and peaked at $90 per square meter in 2006, now fetches just...
...looked as if the Bay State’s major motion picture future was destined to be restricted to films explicitly requiring Boston’s unique Puritanical charm. Then, in 2006, Massachusetts joined other states in offering financial incentives—specifically, a 25 percent tax credit for in-state spending—to film productions. It wasn’t long before Tinseltown had changed its attitude toward New England and, in just two years, the Massachusetts film industry has morphed from a nearly non-existent enterprise into a lucrative revenue generator...
...Those people who have been critical of the tax credit, they’re not even factoring in things like Plymouth Rock Studios,” Paleologos says. “That’s 400 million dollars of economic activity, which, if it gets going, will cost us nothing. It’s all privately funded. We’re not putting any additional tax incentive to get them to build here...