Word: overhauled
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Republicans want to make permanent last year's $1.35 trillion tax cuts, which are scheduled to expire in 2010. In the Senate, some members will push to cut capital-gains taxes, eliminate the estate tax and completely overhaul the tax code. In the House, Republicans want a package that would allow small investors to write off as much as $9,000 in stock-market losses instead of the current $3,000. Who cares about the budget deficit...
...also last week appointed Leonhard Fischer to head Winterthur. Does Fischer - who ran investment banking at Germany's Dresdner Bank - have the right background to run an insurance firm? Says Mack: "We have a lot of insurance experts. What we need are risk-management experts." Next, CSFB needs an overhaul. By year's end, the unit expects to have slashed 6,500 jobs since Mack's arrival. It has cut costs by €.4 billion, and plans to slice off a further €00 million. But by zapping more bodies, the bank risks losing its ability to offer full coverage...
...made on July 19, not to one but two separate security agencies, both of which lost the paperwork. Only when a more frantic warning came were the arrests finally made. Given the heightened risk of terror attacks in Europe, a growing number of German investigators are calling for an overhaul of the country's internal security apparatus. "Everyone hears about the problems with the FBI and CIA, but that's because they've come clean and are doing something about their weaknesses," says Klaus Jansen, an investigator with Germany's Federal Criminal Police Office (BKA) who spent five years...
...Some uncertainty may be inevitable: analysts predict that given the number of extremely close races up for grabs Tuesday (and the absence of any meaningful voting system overhaul), we may not know the election results with absolute certainty for days - even weeks...
...More responsible members of the research community have come to the conclusion which we said in 1997 and Dr. Koski said when he took the position in 2000—that the system in fact is totally and completely dysfunctional and in need of overhaul,” she said...