Word: reinvests
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...jobs and could end up making the E.U. a whole lot less competitive. "The question isn't halting the departure of lower-skilled jobs to cheaper markets, and Sarkozy should know that," says Marc Touati, chief economist of Natexis Banques Populaires. "The challenge is getting those same companies to reinvest gains made from outsourcing to create new jobs in research, hi-tech and skilled services back home." It all just reinforces the impression among critics that Sarkozy cares more about publicity than policy. "Politically, it was a smart move," says French political commentator Alain Duhamel. "Preventing job loss through outsourcing...
...budgetary constraints are being forced to respond. The Austrian parliament in May approved government plans to slash corporate taxes from 34% to 25%, beginning next year. Belgium last year cut its corporate-tax rate to 34% from 40%. Firms operating in Estonia now pay zero tax on profits they reinvest inside the country. In Italy, Prime Minister Silvio Berlusconi promised but then backed away from €12.5 billion in income-tax relief. And even recalcitrant Germany made a small cut in income tax this year as part of a package of measures agreed to in 2003. The calls...
...controlling stake but would stick around in a high-profile role to promote the casinos. The key is a proposed $400 million investment by Credit Suisse First Boston, which would then own most of the company. Trump says he will use the infusion to pay off debt and reinvest in the properties. Some of Trump Hotels' bondholders are furious at the request to restructure the debt and may opt for bankruptcy if Trump pushes too hard. Just a year ago, they bailed him out of a cash crunch by buying a new round of bonds...
Specifically, black politics must be concerned with restructuring affirmative action with regards to black people; pushing a pan-African agenda that works to prevent the spread of AIDS and avert the destabilization of the African continent; and creating independent financial institutions that reinvest and redistribute wealth throughout the Diaspora. Moreover, black elites must devote themselves to the education of black youth in order to provide an alternative voice to the onslaught of negativity unleashed by a profit-driven media...
Specifically, black politics must be concerned with restructuring affirmative action with regards to black people; pushing a pan-African agenda that works to prevent the spread of AIDS and avert the destabilization of the African continent; and creating independent financial institutions that reinvest and redistribute wealth throughout the Diaspora. Moreover, black elites must devote themselves to the education of black youth in order to provide an alternative voice to the onslaught of negativity unleashed by a profit-driven media...