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Plenty of conservative investors predict the same fate for today's highflying Internet stocks, which owe much of their appeal to the growth in online commerce. So why are America Online and Yahoo, each in its way a portal to the Net, two of my favorite stocks? Because the Net really delivers what TV shopping only promised. Rather than sitting in front of the tube, stupefied by a parade of junk while waiting for something you might want to buy, on the Net you can instantly research and order exactly what you want--whether a pearl necklace or a ticket...
Consider a husband and wife, each of whom earns $30,000 a year. This year the couple would owe $7,795 in federal income tax. They would owe $880 less if they divorced but stayed together. That's because married people get a smaller standard deduction: $7,100 per couple, vs. $4,250 per single ($8,500 together). Married couples also move to the next tax bracket quicker: after typical deductions, they can earn $42,350 in the 15% bracket before further income is taxed at 28%; singles can earn $25,350 each ($50,700 together) before crossing that threshold...
...change it is employers who must feel more nervous about their best employees' intentions, not the other way around. Fromstein summarizes the attitude of workers in the still blooming economy thusly: "I'll give you everything I've got while I'm here, but I understand you don't owe it to me to keep me for life, and if an outside opportunity comes up, I may take it." Whatever comes next in the economy or the stock market, job seekers have become entrepreneurs in their own right...
...owe a great deal to Radcliffe, and I have the greatest respect for them," Maisie Houghton says. "But Harvard was the one that needed beefing...
...after King was gunned down on a motel balcony in Memphis, Tenn., he is still regarded mainly as the black leader of a movement for black equality. That assessment, while accurate, is far too restrictive. For all King did to free blacks from the yoke of segregation, whites may owe him the greatest debt, for liberating them from the burden of America's centuries-old hypocrisy about race. It is only because of King and the movement that he led that the U.S. can claim to be the leader of the "free world" without inviting smirks of disdain and disbelief...