Word: investers
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Cheju Island, considered the Hawaii of Korea, is a scenic paradise and favorite destination of honeymooners. But South Korean officials would prefer Cheju--50 miles off the tip of the Korean peninsula--to be more of a trading center, like Hong Kong. The Seoul government plans to invest some $3 billion over 10 years to attract high-tech firms. Among the enticements: any business that invests $10 million will get five years of tax breaks. Each South Korean will be allowed to spend $1,200 on duty-free purchases from Cheju each year. And perhaps most appealing to business--imports...
...have to have a strong stomach to invest in biotechnology. Last year a few words from Tony Blair and Bill Clinton about making genes "freely available to scientists" took half the value out of the typical biotech stock within a month. Early this year, when Celera Genomics and the Human Genome Project said they would publish a working draft of the human genome (the full complement of human genes), biotech shares rallied briefly...
...Your payment preference. If you qualify for 0% financing and can afford the monthly payments, that's the way to go. Even if you've always been a cash buyer, 0% financing is best because it allows you to invest the money until the payments are due. The decision isn't as clear cut if you need to stretch out the payments over four or five years. On a 48-month loan, you can generally figure that each percentage point you lop off the interest rate will save you $20.50 for every $1,000 that you borrow. You can head...
...major Wall Street firm. O'Neal, 50, is already leading a culture change at Merrill by putting profits ahead of old relationships. He has scaled back in Japan (a move others have copied) and is shifting brokers' focus from Main Street to clients with at least $1 million to invest...
...Dems' list: Saving Social Security. Nursing Medicare. Boosting homeland defense - this one gets included to keep Democrats seeming current - and education, and reining in Bush's rapacious energy program. And putting them all up against tax cuts as a simple choice: Invest in America's future - the fiscally sound way - or flush it all down the drain. These issues have polled positively for Democrats since Bill Clinton, and their Republican colleagues still haven't grown any Bush coattails. And if Daschle figures if he can play tax cuts to a stalemate when Republicans have the House and the White House...