Word: prospectives
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...resolution to abolish inheritance tax altogether. It went nowhere. Another initiative last year to exclude principal residences from the tax suffered the same fate. But last month, news leaked out that the Finance Ministry is considering plans to suppress inheritance tax between spouses in next year's budget. The prospect of such a measure, estimated to cost the treasury about €400 million per year in lost revenue, immediately sparked uproar, with the opposition Socialist Party condemning it as an "unacceptable gift to the well off." Less predictably, it was also criticized as "inopportune" by Pierre Méhaignerie...
...Glos, the German Economics Minister. "Solid growth has returned," crowed Thierry Breton, his French counterpart, predicting that 2007 will be "a good to very good year." Many economists are more skeptical, pointing out a slew of significant risks that could nip the Euro-recovery in the bud, including the prospect of interest-rate hikes and the introduction of a higher vat rate - up to 19% - in Germany next year. One of the biggest risks is what happens in the U.S., whose economy is just starting to cool as the Europeans heat up. "Much will depend on how abruptly...
...PROSPECT OF A HILLARY-FOR-PRESIDENT campaign has put much of the Democratic establishment in a bind. The early line is that Hillary would be unstoppable in a Democratic primary but unelectable in a general election. That bet would help explain the curious political subspecies I came across frequently in reporting this story: moneymen who are lining her campaign account even as they say privately they hope...
...success of anti-retroviral drugs in treating HIV is getting researchers at the 16th International AIDS conference excited at the prospect that the potent medicines might be exploited to perform double duty. Why not use the power of these ARVs to prevent an HIV transmission or infection from taking hold in the first place? Bill and Melinda Gates asked that provocative question on the opening day of the conference, and are committing their considerable financial resources toward finding an answer. In their remarks, they highlighted the need to develop microbicides and oral prevention drugs while we wait for a vaccine...
...boosted his group's global prestige, Nasrallah is now under more pressure than ever. He has signaled his grudging acceptance of the U.N. Security Council plan to deploy 15,000 Lebanese Army troops to southern Lebanon, but he has resisted demands that Hizballah lay down its arms--raising the prospect that government and multinational forces will be forced to disarm Hizballah themselves. If a cease-fire takes hold, many Lebanese may feel emboldened to lash out against Hizballah for its capturing of two Israeli soldiers on July 12, which prompted the Israeli military response that has killed some...