Word: provisionals
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While the clove provision didn't please the American Lung Association and other groups, it hasn't cost their support - the measure to give the FDA oversight has been endorsed by every major U.S. health group. The FDA would almost certainly force cigarette manufacturers to list their ingredients, remove some...
Is there something Henry Kravis wants but can't afford to buy? Seems unlikely: according to Forbes, he's worth $2.6 billion. So is he addled by greed or what? Kravis, Stephen Schwarzman and other princes of private equity (the financial deal of the moment) have been visiting Congress and...
The provision Kravis and others are lobbying to save is spectacularly unfair. These billionaires enjoy a lower tax rate than the people who clean their toilets. Oh, sure, arguments can be made for this. These arguments usually turn on the metaphysical distinction between ordinary income and capital gains. And there...
In fact, as no provision for a unilateral moratorium was built into the CFE treaty, Russia's action amounts to non-compliance, strictly speaking. It might indeed be designed for domestic consumption. Or it might be just an act of blackmail in Putin's new brinkmanship with the U.S. But...
The spirited debate stems from the new rules set out by the Corporate Royalty Board this March. Previously, under a bill approved five years ago by Congress, small webcasters paid out royalty fees relative to their own revenues. Larger profits meant larger payments. But starting July 15, webcasters would be...