Word: localized
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...Local tax authorities that rely on property taxes to cover most of their needs will probably have more trouble than the federal government. In many municipalities, property taxes are the primary source of revenue for schools and local services. Rising foreclosure rates on the most valuable homes will eviscerate local tax bases. The municipalities will only have one place to turn ultimately and that is to the federal government...
...Starbucks could be overhyped. "I think it's a bit naive to think that all of those Starbucks customers are running across the street to McDonald's," says Sharon Zackfia, an equity analyst at William Blair & Co. In a recent report, she noted that when McDonald's rolled out local TV advertising for McCafé in Michigan, Starbucks management told her that Starbucks actually saw a boost in traffic. "The obvious answer to Starbucks' problems is that the economy is weak, and 30% of its stores are in California and Florida," says Zackfia. When the economy improves, Starbucks may bounce...
...climate change bill in the first House committee to consider it, the haggling is taking place among Democrats. On one side are those trying to pass landmark global warming legislation, and on the other, those seeking concessions in it to ease tough pollution standards on their districts and local industries. The first deal was struck Monday: up to $4,500 as an inducement to trade in gas-guzzlers for new, fuel-efficient vehicles that will emit smaller quantities of warming gases into the atmosphere. (See pictures of the fragile planet...
...never faced much discrimination or any problems like that. It was more that I was embarrassed to look differently and have parents from different countries. It took me awhile to learn that it's good to be different and it's important to respect others' differences." - Talking to her local newspaper a day after beating 19 other contestants to become Miss North Dakota (Bismark Tribune, June...
...growing pattern. According to U.N. figures, 2,118 civilians were killed in conflict-related violence last year, a jump of nearly 40% compared to the year before. Of that figure, pro-government forces were responsible for 828 deaths. (See how Afghanistan's travails have been interpreted by local artists...