Word: scheme
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...share price. But when market bears roam as widely and fiercely as they have for nearly three years, they can harm even firms whose own shares are doing well. Why? Because in the U.K. almost half the work force subscribes to a corporate retirement scheme - the highest of any E.U. nation. Those funds are overwhelmingly invested in equities, and when the markets tank, firms are hit hard. How hard? Last month, a study by investment bank Morgan Stanley estimated that in 2002, the pension liabilities of companies in the FTSE 100 grew from $330 million to over $108 billion...
Bush’s strategy of making an outrageous starting offer and only having to budge a little is playing out all over again with his proposal to eliminate dividend taxes. The president’s latest Reaganesque tax scheme has massive benefits for wealthiest Americans who own stock outside of tax-protected retirement funds. This proposal is so far out of step with mainstream public opinion that even Republican legislators are questioning how wise the president’s plan is. But, as the pattern predicts, the debate on Capitol Hill is not about whether cutting taxes makes...
...other's way more by gentlemanly forbearance than by any clear definition of role. There is no question that the proposal, which will define the debate in the ongoing Convention on the Future of Europe over the next few months, addresses some major faults in the E.U.'s current scheme. Too often in the past, six months in the presidency just hasn't been enough to forge compromises among 15 member states on a raft of complicated issues like immigration or economic policy. Getting to yes in that time after 10 new members join in 2004 would require a diplomatic...
...intercepted and destroyed outside the earth's atmosphere. Hoon said the government hadn't yet decided whether to allow antimissile interceptor rockets on British soil. But he argued that ballistic missiles from states including Iraq and North Korea represented a potential "threat to our security." Criticism of the scheme has ebbed since Russia accepted America's unilateral withdrawal from the 1972 AntiBallistic Treaty in June...
...really do think of Leverett House—students, tutors and staff—as a kind of extended family. It is because I want Leverett House to be a family that I am very reluctant to go along with any sort of numerical tutor evaluation scheme. We always want student input. But if there is a problem in a family, the solution is to have open, honest communication, not to have everyone fill out forms about everyone else...