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...right to buy an addition $1.5 billion in additional plain-vanilla stock - the kind regular investors would buy. The twist is that the government can buy those shares at a set price - an average of what the company's stock was trading at during the 20-day period prior to its initial investment. So if the bank's stock price rises from where it was in, say, mid-October, the government will make money on its investment...
Here's how it stands now: companies that lose money in any given year are entitled to a rebate on money they have paid in taxes for the prior two years. So if you made a million dollars for each of your past two years, and lost 2 million this year, your company would be allowed to get back all of the taxes paid for the past two years. This could result in huge corporate-tax rebates in 2008 and 2009. For instance, in 2008 there are projected to be 107 companies in the S&P 1500 that will lose...
...problem of stimulant addiction in the U.S. has dropped out of the spotlight of late, but it has not disappeared. According to a 2007 government survey, 2.1 million Americans had used cocaine in the month prior to the survey and 1 million had taken other stimulants for nonmedical purposes, including more than half a million users of methamphetamine. There are currently no overwhelmingly effective addiction treatments. Abstinence-based rehab therapy for meth and cocaine work about as well as rehab for other drugs - meaning that about one-third of users improve following treatment, but most relapse repeatedly. And despite decades...
...Neither Waite nor Petri had served on the UC prior to the start of the campaign, but they believe that their outsider status allows them to have a “comprehensive vision” for changing the UC, according to Waite...
...message. At one house, Walker catches a sprinkler spraying a rock garden, the water leaking onto the boiling hot asphalt street. "That's pretty egregious," he notes laconically. He films the incident, with the time and date, and checks the address online to see if there are any prior violations. Fines can exceed $1,000 for multiple infractions...