Word: fiscal
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...jumped 35% last year - an increase analysts have dubbed the Magners effect. That's a tribute to a brand that has reinvented the centuries-old drink. Magners only became widely available in Britain last year, and it has already grabbed 13.7% of the cider market. In C&C's fiscal year ending Feb. 28, Magners' U.K. sales soared 262% to $431.2 million. "It took off like a virus," says John O'Reilly, an analyst at Irish brokerage Davy...
Harvard’s tax returns reveal new information about former President Lawrence H. Summers’ severance package, which included a $1 million deferred-interest loan for the purchase of a home.The former president drew a $580,115 salary in fiscal year 2006, his last year in office. With expense-account payments, allowances, and benefits, Summers’ compensation summed to $714,005, according to filings released yesterday.Summers’ 2006 salary rose 3.1 percent from the previous year. His 2005 compensation was the second-lowest among Ivy League presidents, according to a database maintained by the Chronicle...
Everyone knows the fiscal pickle we're in: baby boomers are about to retire and tap Social Security, Medicare and Medicaid benefits. To make good on the promises of these programs, the government may have to go much deeper into debt or increase the tax burden up to twofold on those still working. The math is suffocating. Something has to give...
...productive aging--getting an economic return on the accumulated knowledge and skills of what might be called the young old--has political steam and will probably surface on the presidential trail next year. "There are candidates on both sides giving this a lot of thought," says Maya MacGuineas, fiscal-policy director at the New American Foundation, a think tank that promotes new ideas. We're a long way from fully tapping this vast resource, says Marc Freedman, author of Encore: Finding Work That Matters in the Second Half of Life. "But we're getting there," he adds. "You hear oxymorons...
...maligned the conservative message. In the latest debacle in regards to Deval Patrick’s wasteful spending on a lavish new Cadillac, furniture worth $27,000, and a helicopter, not only did the editor-in-chief of the paper not join with the universal protests launched by fiscal conservatives statewide decrying the imprudent fiscal spending, but The Salient had the audacity to call the critics of the “lovely draperies” insensible, arguing that extravagant furnishings for an executive office is an example of “where superfluous spending is surely good...