Word: inherited
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...ADAGE IS RIGHT that says "where you stand depends on where you sit," then getting inside the mind of presidential hopeful Steve Forbes means visiting a rarefied seat indeed. Imagine that you've won the prebirth lottery and entered the world destined to inherit $400 million and a publishing empire. What might you fear most? Losing your endowment. You might squander it through bad investments, of course, but that's something you can hope to control. Any money manager can tell you the real threats you face: taxes and inflation...
...doom that many people have predicted for years. Cleaning up that mess would tax Sun's management team, possibly beyond its capabilities, and could distract it from Sun's own successful business. Even if Sun could figure out how to solve the short-term problems, it would inherit all the bigger conundrums that have bedeviled Apple for most of its brilliant, exasperating life. So the bet for Sun is monstrous: acquiring Apple could destroy either or both companies...
...great French storyteller Honore de Balzac could have written this tale of a Faustian bargain gone terribly wrong. In 1965 lawyer Andre-Francois Raffray agreed to "purchase" the house of an elderly client with $500-a-month installments, then a steep price--on condition that he would inherit the property outright the moment she died. Last week, 30 years older and $180,000 poorer, Raffray, 77, expired on Christmas Day. His client, Jeanne Calment, celebrated the holiday with a sumptuous hotel banquet in her hometown of Arles. "We all make bad deals in life," she joked to Raffray when...
...G.O.P. revolutionaries have also voted to reduce taxes on the less than 1% of Americans who inherit property worth more than $600,000, a reduction that would cost the Treasury $27 billion during the next decade. Capital-gains-tax reductions directly benefit only the 7% of mostly wealthy households that profit each year from the sale of stocks, real estate and investments other than their home. Meanwhile, the Republican Congress has voted to raise taxes on the working poor by cutting the earned income-tax credit...
...apocalyptic fervor. Ordinary Jews yearned for a savior who would lead them in a holy war against the oppressive Romans and a corrupt aristocracy, typified by the hated King Herod. Some scholars believe that Jesus was one of many political rebels in Palestine. His proclamation that the meek would inherit the earth was, in this view, not a dream of eschatological hope but a here-and-now demand for a new political order...