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...MECHANICS. Reverse-mortgage payouts come in three forms: a monthly payment for as long as you or your spouse lives (the annuity), a lump sum or a line of credit. You can combine these options...
...cork of a wine bottle). His first major act has been to impose new bus and bike lanes on busy boulevards, squeezing out car space and increasing average bus speeds by 3 km/h. Traffic lights in London are being tweaked to favor pedestrians. And Zurich has imposed a zero-sum parking policy: no new garages can be built without first eliminating parking somewhere else in the city. Over the years, several other countries (including the Netherlands and Sweden) have got tantalizingly close to congestion charging, only to abandon the idea when public antagonism became too terrifying. People will accept paying...
...Keep Green? It takes nerve to pour $6.75 billion into Russia - more than double the total amount of foreign direct investment in the country last year. So the oil industry took notice last week when British Petroleum paid that sum for a 50% stake in oil company TNK, making the biggest purchase of Russian equity ever. But just as BP was showing its faith in Russia, environmental groups were claiming the company had become an apostate to the green causes it once championed. TNK has some notoriously polluted assets, like the Ryazan refinery and the Samotlor field in western Siberia...
...exit, the council debated its process for funding student groups. The matter was not settled until a separate Finance Committee (FiCom) session later last night, in which a project-based grant application system was implemented. The new system replaced one that awarded student groups a lump sum at the beginning of each semester...
...them down for their “fair share” of all the benefits the government supplies us with: the cost of negotiating and administrating NAFTA, of the CIA toppling foreign governments on behalf of their vital business interests, of a military whose budget is greater than the sum of the next six largest military budgets. Whose interests are at stake here...