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...Companies in New York have told us they are considering moving to Connecticut for lower taxes. We need to keep the state competitive,” said Sawyer. And there’s no guarantee the surcharge will be temporary. For the next two years, federal stimulus money will fund 17 percent of the deficit. Extra credit: What happens when that money disappears...
...bill calls for the establishment of a review commission and fund dedicated to veterans and civil personnel who worked on the 210 nuclear-test explosions France carried out from 1960 to 1996. Those resources will also be available to people who claim they are suffering from radiation-caused illnesses because, at the time, they lived in the Algerian Sahara and near the two Polynesian atolls where France staged its underground, submarine and atmospheric blasts. The legislation - whose 300-to-23 passage spanned party lines - should breeze through both houses of Parliament in subsequent votes following Tuesday's initial test...
...veterans' groups remain on their guard. While they call France's official acknowledgment of responsibility for the consequences of nuclear testing a major breakthrough, they warn that the number of victims will reach into the tens of thousands or more. Because of that, they say Morin's initial compensation fund of $14 million will probably have to be increased to nearly $100 million. Those groups also argue that the commission to hear radiation claims - which will be composed of a judge and eight doctors - should also include veteran representatives. "The past has shown us that experts designated by the state...
Marchionne's most interesting challenge is that Chrysler's new owners, postbankruptcy, are his employees--the United Auto Workers, which holds a 55% stake through its retiree trust fund. His other bosses include the U.S. and Canadian governments, which hold 8% and 2%, respectively. Fiat will start with a 20% stake, which could reach 35% if Chrysler succeeds. "Politics and unions are Marchionne's biggest risks," says Carnevale. "Having politicians on the board of directors will require very complex management...
...both made a last-minute push to snap wavering Democrats back in line - and a landmark for the environmental movement. "The American Clean Energy and Security Act is the most important environmental and energy legislation in our nation's history," said Fred Krupp, the president of the Environmental Defense Fund (EDF). "Today's vote is a huge achievement for the country and the climate." (Watch TIME's video: "The Truth About Wind Power...