Word: stockings
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...Outside the Brussels stock exchange, union members distributed peanuts, and leaflets saying "Purchasing power: what's left? Peanuts." But as the Belgian government struggles to keep up with the spiralling financial crisis, those peanuts might have to last for a long time...
...popular thinking as well: energy costs, inflation, credit markets and job availability. Thus, the spectacle of Monday's roller-coaster ride on Wall Street may be just one more push toward the point when Americans start to pocket their wallets and thus slow down the economy drastically. When the stock market crashed in 1987, for example, consumer confidence fell but then quickly recovered, helping the U.S. to dodge a possible recession. It was different in 1991, when rising oil prices added to emerging consumer worries and thus stalled the U.S. economy...
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...
...considering the hundreds of billions of dollars spent on the war in Iraq or the $1.2 trillion that vanished in the stock market crash last Tuesday, the $12 billion that would have gone into the Texas collider would have been well worth the investment. Plus, by the time the project was cancelled, the costs just to dismantle the thing ran past $1 billion...
Even then, though, the changes were not enough to persuade House GOP members - only 37% of whom voted for the measure, compared with 60% of Democrats - and the bill failed, sending the stock market into a tailspin. "The calls to our office before that vote were universal nos," says Representative Michael Conaway, a Texas Republican, one of 26 Republicans who switched his vote. "After the vote, I started getting calls from constituents saying, 'Oh my God, that was the wrong vote; I thought you were voting yes' - particularly from small businesses and people who lost a lot in retirement savings...