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...initially been buoyed by decisions that occurred before it opened - both the Fed's decision to buy the short-term debt, called commercial paper, that companies issue to fund expenses like payroll and inventory, and the Reserve Bank of Australia's surprising decision to cut its official interest rate by a full percentage point...
Cambridge residents’ stock portfolios aren’t the only things that have fallen during these unsteady financial times: their property tax bills will also show little to no increase. Thanks to the City Council which agreed on the property tax rate for fiscal year 2009 last night. More than 58 percent of residential property owners will see either no change or an increase of fewer than $100 in their tax bill, while 25 percent will experience a decrease in their property taxes, City Manager Robert W. Healy told the Council last night. For the most part...
...state’s reputation as “Taxachusetts.” A libertarian advocacy group has placed a ballot question in front of voters which would repeal the state income tax. The measure, sponsored by the Committee for Small Government, would reduce the current state income tax rate of 5.3% to 2.65% beginning on January 1, 2009, and eliminate it completely the following year. Taxpayers would save an average of $3,600 a year, at a cost of roughly $12.5 billion, or 40 percent, of the state budget. While government officials argue that the initiative would decimate government...
...result of their going abroad, there are inevitable costs. As a fundamentally American sport, born in Springfield, Mass. in 1891, moving players from their fan base would destroy the game at its popular epicenter Also, the move indicates the state of today’s economy. With an exchange rate that has fluctuated around $1.50 for every Euro, these foreign organizations have the purchasing power to offer American players attractive salaries...
Whatever the motivation for her suicide, the actress's death has raised fears about a ripple effect. Korea has had the highest rate of suicide among the world's industrialized countries for the past five years. Policy makers and the general public readily admit that mental illness - even a common disorder like depression - is rarely talked about openly in the country. "Koreans are very secretive about psychiatric problems," says Lee Myung Soo, a psychiatrist at the Seoul Metropolitan Mental Health Centre who agrees that one of the main reasons that people won't talk about it here is fear...