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...unions say that since the start of the year, food prices have risen 7.9%, electricity 20%, gas 50% and coal for heating 59%. The consumer price inflation rose 5.46% year-on-year in September. They say the government is still offering businesses "expensive gifts" like tax relief to foreign investors, but it has done nothing to relieve creeping living prices. Union demands include for higher minimum wages, a VAT cut on energy bills, and lower income taxes...

Author: /time Magazine | Title: Amid Financial Crisis, Belgians Go on Strike | 10/6/2008 | See Source »

...Obama and McCain have vowed to do both. Obama has promised an ambitious plan to end Middle East and Venezuela oil imports in 10 years, partly by putting 1 million plug-in hybrid cars on American roads by 2015 and giving a $7,000 tax credit to each person who buys an electric car. McCain has offered a $5,000 tax credit for people buying pure, zero-emission electric cars (GM's Volt would not qualify), with a sliding scale of tax breaks for those buying low-emission vehicles. McCain says he would also give a whopping $300 million prize...

Author: /time Magazine | Title: Electric Cars at the Paris Auto Show | 10/6/2008 | See Source »

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...

Author: NO WRITER ATTRIBUTED | Title: City Council Sets Property Tax Rate | 10/6/2008 | See Source »

There are five key components to Exelon’s plan: enact mandatory climate legislation in the form of a cap and trade policy very soon, enhance energy efficiency, encourage renewables with tax credits, fund research and development in coal and carbon recapture, and stay true to competitive markets...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Exelon Head Speaks on Energy | 10/6/2008 | See Source »

Countering a charge that upper-class tax increases would hurt the economy, Joe Biden launched like a mad bus driver into a breathless verbal tour of his hometown, beginning with Union Street and a mom-and-pop restaurant, accelerating through all the stops—the current administration, taxes, Iraq, education, health care—taking a slight detour to note his (working-class, blue-collar) predilection for Home Depot, and wheezing back into the station with a promise of change from Obama. To viewers at home, Biden’s brief but intimate portrait seemed to say much more...

Author: By Jessica A. Sequeira | Title: In a Nutshell | 10/6/2008 | See Source »

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