Word: priore
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Dates: during 2000-2009
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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...
Asking departments to limit their searches for new faculty also helps send a message that budget issues are serious and likely to persist. This will hopefully help departments internalize the need to collectively tighten the belt and not expect to adhere to prior spending levels...
...Each week, roughly 20 to 25 cases reach Boston Housing Court, but the number of foreclosed properties is far greater, Whiting says. In contrast, prior to the bursting of the real estate bubble, so few eviction cases reached the court system that the litigation gap “wasn’t even on the radar,” Whiting says...
...last governor before Blagojevich to be charged with a felony was the last governor Illinois had before Blagojevich, George Ryan. Prior to taking office, the cigar-chomping wheeler-dealer served two terms as secretary of state, from 1991-1999. In 1994, a fatal truck accident outside Ryan's office inadvertently exposed a scheme to trade truck operators' licenses for political contributions. The subsequent investigation, called Operation Safe Road, took years to complete; when it was done, 79 people were charged, including Ryan. The former governor was found guilty on 18 felony counts, including racketeering conspiracy, mail fraud, tax fraud...
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...