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...free) investors. And that new demand is driving down the yields on traditional muni bonds because there are relatively fewer of them issued. BABs, unlike traditional munis, are taxable. For most individual investors, the interest-rate difference is a wash - a high net worth investor would owe the extra yield they get from the BAB back in taxes, so they'd wind up with roughly the same after-tax yield as if they had bought a lower-yielding tax-free muni...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

Still, it's hard to find fault with hotels that link local charities to potential donors. And do guests get discounts for being do-gooders? On the contrary, some hotels charge participants an extra $40 or more to cover transportation and other costs associated with their manual labor...

Author: /time Magazine | Title: Room Service and a Shovel: The Rise of Voluntourism | 11/16/2009 | See Source »

Neither team could maintain a lead for the first two extra five-minute periods, but it looked like William & Mary had finally grabbed the advantage for good, when guard Sean McCurdy banked in a layup with four seconds to play, putting the Tribe...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Lin's Triple-Overtime Shot Gives Harvard Thrilling Win | 11/16/2009 | See Source »

Still, the media feeds into many misconceptions about America in China. During the U.S. embassy briefing in Beijing, Anti-CNN founder Rao told officials - in what he would later describe as an attempt at humor - that he had seen how the CIA uses extra-legal powers, on the American television show Prison Break and in the Transformers films. How could the U.S. protect Web users?, he asked. "I would recommend that you not use Prison Break and Transformers as your only guide to American culture and government," a U.S. official responded...

Author: /time Magazine | Title: Could Obama Get Around China's 'Great Firewall'? | 11/16/2009 | See Source »

...from the private sector (hotels and airlines, for instance) and a new $10 fee that would be paid by any entering foreign visitor who does not require an entry visa. The latter element has proven controversial - especially to the mostly European travelers who would have to contend with those extra costs. Ambassador John Bruton, head of the European Commission delegation to the United States, called the potential levy "discriminatory" in a September statement, and warned that it could become "a step backward in our joint endeavor toward transatlantic mobility...

Author: /time Magazine | Title: Can a New U.S. Tourism Board Woo Visitors? | 11/14/2009 | See Source »

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