Word: drainings
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...there is a potentially devastating impact on tax-free municipal bonds, which are used to finance major construction projects. Cities will have to offer higher interest rates to compete with private bonds now that all dividends are taxed at only 15%. That will be expensive, and it will certainly drain money from schools, crime and a host of other urban problems. And that is not all: Bush's Internal Revenue Service has decided to focus on fraud among recipients of the earned-income tax credit (EITC), another stipend given to working families with low incomes. The EITC was a terrific...
...rest in 2004 at a price of $101.50 per share. Financial analysts estimate the stock would be trading at around $55 today based on the firm's performance if PPR were not buying it up. The bigger issue for investors is whether Pinault's financial situation could drain PPR. Colette Neuville, a French shareholder activist who has frequently crossed swords with Pinault in the past, wanted to know at a recent shareholders' meeting why the company was buying back its stock so aggressively and paying out such big dividends. Serge Weinberg, PPR's chief executive, replied that the stock buybacks...
...Iraq is the key, in the Bush administration's most optimistic scenario, to remaking the Middle East to drain the swamp that breeds international terrorism. A swift and decisive military victory has provided an awesome demonstration of U.S. power and resolve, and struck down the traditional boast of Osama bin Laden's propagandists that the U.S. is afraid of a fight. Considerably less certain, however, are the prospects for a rapid postwar transition in which Iraq becomes the Arab world's first democracy with a prosperity and Western orientation Washington hopes will serve as a wakeup call to a deeply...
...Ivies are definitely draining compared to other matches which are only 18 holes,” said senior Neal Hegge. “Twenty-seven holes a day is mentally and physically a very big drain...
...After I made a mental mistake on 18 that got me rattled, I tried to stay calm and collected, and I was able to drain a six or seven footer to take the tournament to a playoff,” Klein said of his home hole heroics...