Word: petered
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...Raising payroll taxes Bush says he has ruled out a tax hike, but it forms a key part of other proposals. Some would simply raise the payroll tax rate, set at 12.4%, but critics argue that would disproportionately affect working-class and middle-class families. Others, including Peter Diamond of M.I.T. and Peter Orszag of the Brookings Institution, want to raise the ceiling on taxable income. Today only the first $90,000 of income is subject to payroll tax. Such a change would generate more revenue for Social Security but affect only 6% of the work force...
...used the card, as it always does, to rebate half the fee it collects for referring business to brokers around the country. In this case, the rebate chopped the total commission on Getson's deal from 6% to 5.5%--an important chink in the Old Guard's armor, says Peter Sealey, a professor of technology and marketing at the University of California, Berkeley. "Slowly but surely, technology is coming into play in the real estate market," he says. "As it does, brokers will lose their stranglehold on the process. Commissions ultimately should be cut in half...
...Tonight Show in 1992, but he's now spinning jokes for free. Carson, who likes to riff on current events, writes one-liners and slips them to DAVID LETTERMAN, 57, right, who uses the material from time to time in his Late Show monologues. CBS executive Peter Lassally, a former producer of both the Carson and Letterman shows, told Reuters that Carson "gets a big kick out of that," and has long considered Letterman, not Jay Leno, his rightful heir. Looks like Leno will have to keep writing his own jokes...
...Peter Carey?author of the novel Oscar and Lucinda, two-time winner of the Booker Prize, all-around intelligent bloke?has lots of thoughtful ideas about modern Japanese culture, almost all of which, he comes to discover, are wrong. He's wrong about the symbolism of his son's favorite anim? series, Mobile Suit Gundam. He's wrong about the artistic motivation behind Japanese sword-making. And he's wrong about the otaku, the ultra-obsessive Japanese fans of everything from manga to pop idols, who turn out to have more dimensions than Carey, an Australian living in New York...
...disappearance of the Soviet Union, the Administration created a new enemy, terrorism. But achieving that goal has only strengthened U.S. adversaries, especially al-Qaeda. Eventually, reality will come back with a vengeance, but it is the successors to the Bush Administration who will have to deal with it. Peter Van Roy Louvain-la-Neuve, Belgium...