Word: partnerships
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...your property taxes rising while the value of your house falls? Join the multitudes of Americans who are in the same predicament. In Atlanta, home values have tumbled over the past year by as much as 12%, but an Atlanta Neighborhood Development Partnership study of high-foreclosure areas found that the owners of those properties would have had to pay an extra $70 million in taxes because of overvalued but official appraisals. In states from New York to Arizona, angry citizen groups are lobbying their state legislatures - which are already facing budget shortfalls - to address the discrepancies...
Still, Lehman and other firms were once structured in a way that made employees think long and hard about risk. They were partnerships, and partners couldn't cash in until they'd been on the job for decades. This amounted to an implicit clawback system, with the other partners doing the clawing. The partnership model began to break down in 1970, when upstart Donaldson, Lufkin & Jenrette sold shares to the public. Merrill Lynch followed a year later, and in 1999 Goldman Sachs was the last big firm to go public. Perhaps that was all a mistake. "It's a radically...
...time has arrived to restore national prosperity and security with a smartly rebalanced partnership between the public and private sectors. Fiscal policy will be President Obama's biggest political hurdle. Expanded spending by government - for health care, climate change, energy security, education, infrastructure and peaceful diplomacy - is urgently needed, but large deficit financing is not a long-term option. Although Obama's tax cuts might stimulate consumer spending - and placate Republicans - any permanent cut would be a huge error, and even short-term tax cuts are an unnecessary risk. Obama's long-term success will depend on his ability...
...Energy: Obama has proposed including the creation of a national energy grid to harness and distribute energy from renewable sources such as wind, solar and hydroelectricity. He would also double the funding for the Manufacturing Extension Partnership, a program slashed by Bush that seeks to make U.S. manufacturing more efficient by using new technologies. These are two small pieces of the President-elect's massive $150 billion green-jobs plan he touted on the campaign trail that is expected to come later this year or next...
...many, many centuries, marriage was a financial transaction. And then, in the modern era, where marriage became about falling in love and free love and finding your soul mate, people were looking for that without asking some of the most important questions, which is what drives a long-term partnership. I think having similar financial values is crucial. It doesn't matter if you are a profligate spender or an industrious saver. You both have to be the same about...