Word: taxed
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Dates: during 2000-2009
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...Still, most southerners champion their region's low-tax, non-union style of economic development, which they credit for luring overseas car companies like BMW and Kia to build major plants from Kentucky to South Carolina to Texas. More important, after spending the 20th century as America's industrial backwater - and after watching the conservative Reagan revolution they once led fade away in last month's presidential election - they hail the idea that the South is rising again in the 21st century. "The sense of confidence is palpable," says Jim Cashman, a management professor at the University of Alabama...
...Alabama has been particularly aggressive. Since the early 1990s, the state has offered German-based Mercedes, Japan's Honda and South Korea's Hyundai a staggering $1 billion in tax incentives, abatements and infrastructure improvements to build plants there. The return on investment has been $7 billion, creating almost 50,000 direct jobs and another 70,000 in sectors like parts suppliers. The population of the town of Vance, where the 4,000-employee Mercedes factory is located, has leapt from 500 to 2,000. Unlike the local sawmill, fertilizer plant or rock quarry, residents feel Mercedes "is going...
...foundation reported a $952 million market value of its investment portfolio on its 2007 tax return, but it is unclear exactly how much the foundation lost. Flier, who is also the dean of the Medical School, was awarded $1.5 million last October to further his work in diabetes and metabolism over the next three years. Kahn, who heads the division of endocrinology, diabetes, and metabolism at Harvard-affiliate Beth Israel Deaconess Medical Center received $1.35 million...
Thanks to those high oil and gas prices earlier this year, the state of Texas raked in $363 million in oil-production taxes in just the last quarter of fiscal 2008, 36% more than the same quarter a year ago, and $777 million in gas-production taxes, up 55% over the same quarter a year ago. But the numbers are now beginning to tell a different tale. While natural-gas-production taxes are up 56% for the first quarter of fiscal 2009, oil-production taxes have slipped from the 72% increase seen in fiscal 2008 to a 36% increase...
Though Ford is not receiving any of the $13.4 billion TARP funds, President and CEO Alan Mulally also expressed gratitude. Mulally also reiterated Ford's intent to stick to the plan it recently submitted to Congress, calling for the company to return to pre-tax profitability by 2011. That plan includes introducing more fuel-efficient vehicles - including a broader range of hybrid-electric vehicles. This week, Ford said it is doubling the output of hybrid vehicles in 2009. (See pictures of the remains of Detroit...