Word: formful
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...According to The New York Times, Slim will put $250 million into NYT, the paper's parent. "Under the terms of the deal, Mr. Slim, who already owns 6.9% of the Times Company, would invest $250 million in the form of six-year notes with warrants that are convertible into common shares...
...Opting the Republicans Obama's shrewdest move, though little noticed at the time, came two weeks ago, when he broadened his long-promised package of tax cuts for individuals to include a larger array of deductions for businesses. These proposed tax cuts and credits take the form of accelerated depreciation schedules for certain investments and complex prior-year tax rollbacks. The surprise proposals set the stage for what is likely to be a bipartisan passage of the stimulus package. The sheer volume of these cuts - numbering in the hundreds of billions - makes it very difficult for Republicans to oppose...
...Capitol Hill played Obama's unexpectedly generous business-oriented tax cuts to their advantage by swiftly demanding greater spending for their priorities. Whatever concessions Obama made in response - there were frantic closed-door meetings to calm the Democrats down - he was probably going to have to swallow in the form of more spending anyway. Meanwhile, he indicated that he was not inclined to permit Democrats in Congress to look for ways to prosecute outgoing Bush officials over their conduct on the war or their authorization of torture. And Obama, in contrast to House Speaker Nancy Pelosi, is content...
...alleged malfeasance surfacing every day - the latest, that he deleted all his e-mails from his final month as CEO - there are fears that the company's liabilities may be so high that it may be forced to fold by the end of the year. Whether, and in what form, Satyam will survive remains to be seen. But at least for now, its employees are safe...
...Hesse results are mirrored in September, Merkel is likely to form a coalition with the FDP, in many ways an easier proposition than governing in grand coalition as she has done since 2005. But the strength of the FDP will make it harder now for Merkel to act quickly to counter the growing economic and financial crisis. The grand coalition of CDU/CSU and SPD unites the biggest parties in the center and the left of the political spectrum and has until now wielded sufficient power to pass laws in the lower house of parliament and then rubber stamp them...