Word: investments
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Dates: during 1990-1999
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...packed my bags to come to Harvard and Radcliffe for the first time three semesters ago, my mind was made up about where I would invest my extracurricular time. For me, the Undergraduate Council was the only stop on the extracurricular express, and it was not a question of whether to board the train but how. How would I win? What on earth would I do if I lost? These were the questions haunting me as I left my home...
...Republican Congress have reached an agreement on aggressive legislation punishing Cuba for shooting down two civilian planes. The President had threatened to veto a similar bill last fall just last fall, but abruptly changed course after Saturday's attack. The 'Libertad' bill permits Americans to sue foreign companies that invest in Cuban property that has been confiscated from its owners and shuts down U.S. aid. The measure's Republican sponsors say the bill will strangle Castro's regime, cutting off foreign capital. Senator Claiborne Pell, the ranking Democrat on the Senate Foreign Relations Committee disagrees, saying it could "alienate...
...birth. His plan would push people toward catastrophic-protection insurance polices with very high deductibles--say, $3,000. Medical bills up to this amount would be paid from tax-free accounts into which employers and employees contribute. Since people could keep what they saved below the $3,000 and invest it tax-free like an IRA, they'd have every incentive to be smart medical shoppers...
...lemon business promises to become lemonade. In Dearborn, Michigan, last week, nine of the nation's biggest and most powerful automobile dealership owners (annual sales: about $4 billion) announced plans to invest $100 million in a chain of 10 Driver's Mart superstores, manned not by commission agents but by salaried "sales consultants" offering "pre-owned," "nearly new" and "off-lease" autos at nonnegotiable, uniform prices. Driver's Mart plans to sell the reconditioned cars complete with warranties and 30-day return policies. "When you think of shopping for a car," urges Driver's Mart president Thomas Eggleston, "think Home...
...would increase the returns to labor and thereby increase the incentives to work. In other words, the average person would keep more of any additional earned income than he would previously and, as a result, would supply more labor. At the same time, the elimination of all taxes on investment income would encourage people to save and invest which would raise the supply of capital. Since long-run economic growth depends primarily upon the supply of capital and labor, the flat tax would increase growth and economic prosperity...