Word: taxed
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...market will bear. The prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut plans for using city tax abatements to further sweeten returns on apartments pushed into luxury decontrol. The upshot, according to a recent Deutsche Bank analysis, is that the property, purchased in late 2006 for $5.4 billion, "would fetch less than $2 billion if sold into the current dislocated market." It added that the most natural...
...great plans, top to bottom - everyone gets exactly what they want, and if they are not covered, they go to a hospital - why would we take that plan and then [accept] a one-size-fits-all plan where the Federal Government is going to take and potentially hurt jobs, tax medical devices? We're talking about 220,000 jobs potentially being affected, cutting half a trillion from Medicare, affecting Tricare for veterans, having potentially longer lines in competing plans and subsidizing Nebraska and other types of situations. (Read "Does Brown's Senate Win Mean the End of Health Reform...
...quickly soured. Since assuming office, Fernandez has renationalized companies that were privatized in the 1990s including airlines and public utilities, and privatized pension-fund assets worth $30 billion. She also led the country to the brink of a civilian uprising over her brash attempt to levy a hefty tax on the country's lucrative soy exports in 2008. The move, announced just prior to the commencement of the yearly harvest, enraged farmers and caused a revolt that enjoyed widespread popular support. Peace was restored only after a cliffhanger congressional vote against the proposed tax in which Vice President Cobos cast...
...Andrew Wood, an analyst with the financial firm Sanford C. Bernstein, wrote in a note to clients on Tuesday. "Kraft," he added, "will benefit from all of Cadbury's strengths." And at a knockdown price. Bagging the firm for a value equivalent to 13 times Cadbury's profit before tax and other deductions amounts to the cheapest food-industry takeover in more than a decade, Wood notes...
...chief economist for the National Association of Realtors, calls the Inland Empire a "ground zero" for the nationwide housing bust. To first-time home buyers, though, its blighted cul-de-sacs appear as promising as the orange groves did to Dust Bowl refugees. Armed with an $8,000 tax credit and low mortgage rates, they have flocked to cities like Riverside, where auctioneers sell off foreclosed properties by the dozens from the courthouse steps. (See 10 things to do in Los Angeles...