Word: scotts
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...special election that stunned the Democratic Party last Tuesday, the citizens of Massachusetts elected Republican state senator Scott Brown to the Senate. While much debate has centered around the countless campaign gaffes committed by defeated Democratic candidate Martha Coakley, now is no time for retrospective second-guessing. With a monumental—and increasingly controversial—health care bill at stake in Congress, leaders of both parties must look past the superficialities of last week’s race and focus on the policy issues that affect the lives of all Americans...
Last week, they lost their sixtieth vote in the Senate to Massachusetts Senator-elect Scott Brown. But Brown’s victory is only the latest bruise. Three weeks ago, North Dakota Senator Byron Dorgan and Connecticut Senator Chris Dodd announced their retirements. And last month, Alabama Congressman Parker Griffith switched parties...
...means they don't run up capital-gains taxes the way mutual funds often can. The result: lower overall costs for investors. The average annual fee for an ETF is 55 basis points (i.e., 0.55% of assets), significantly below the average 1.5%-of-assets charge from mutual funds, says Scott Burns, director of ETF research at Morningstar...
...those seats, and Michigan is viewed as a toss-up by both major parties. The governor's races, as well as the congressional elections, will therefore be key tests of whether the Democrats will extend their gains of recent years or succumb to the same backlash that propelled Republican Scott Brown to his upset victory in the Massachusetts Senate race this week. The stakes are particularly high in Michigan, because whoever is elected governor will play a crucial role in redrawing legislative districts in the wake of the 2010 U.S. Census, which is expected to show significant population declines here...
Obama outlined his plan for $117 billion worth of bank taxes to recoup the costs of bailouts even before Scott Brown's Massachusetts victory gave Republicans the 41st vote they need to filibuster the Senate. The newest proposals - further limits on the size and risk profiles of financial firms, plus bans on commercial banks playing the markets with their own cash or owning hedge funds or private-equity funds - had also been debated internally for months. But no matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political...