Word: taxed
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...standard of corporate governance in Russian oil and gas." Try telling that to Mikhail Khodorkovsky, a former Russian oligarch currently serving a jail sentence in Siberia. The Kremlin broke up his oil company, Yukos, in 2004 with a combination of criminal fraud charges against executives and massive back-tax claims that far exceeded the firm's revenue. Yukos' main oil-production unit was auctioned off to a single low bidder that turned out to be a front company for Rosneft. Those confiscated Yukos assets now constitute about 70% of Rosneft's oil production and reserves. The company's initial public...
...never a good time, of course, to be accused of price-fixing. But BP can especially not afford it now. Every month of record gas prices brings more pressure on Congress to impose a windfall tax on oil companies. BP?s chief executive, Lord John Browne, made a relatively modest $8.24 million last year, but his counterpart at Exxon-Mobil, Lee Raymond, retired with a package worth an astonishing $400 million - adding more fuel to the fire over CEO pay and calls for oil industry profits to be reined in. While BP isn?t lobbying for drilling in the Arctic...
...used to think it was a boomer thing. After all, the only other baby boomer president, Bill Clinton, had it too. In the 1990s, when no one really wanted much from the federal government except favorable tax treatment for our 401(k)s, Clinton would stand before Congress and the TV cameras, he would work his jaw and narrow his eyes, and he would tell the nation with a vigorous thrust of the thumb that the nation faces a "challenge as great as any in our peacetime history". Then, rising to the challenge, he would announce a new initiative...
...most resembles TR's is in its limitless ambition - its incessant busy-ness, its desperate need to appear to be addressing everything all at once. Even as he seeks the "end of tyranny in our world," Bush would also remake the government's entitlement system, rewrite the nation's tax code, reform its legal system, revolutionize worker training and health care; he would amend the constitution to define marriage and insert Washington into the nation's local schools as never before. In May, the administration celebrated one of its most trivial, and typical, programs - the Department of Transportation's "Click...
...Indeed, the facts would be hard to fathom in just about any place outside Chicago. The government of Cook County, with a population of 5.5 million, has an operating budget over $3 billion, the prospect of a $100 million budget deficit and unanswered questions about possible tax increases and service cuts. But since Cook County Board President John Stroger, 77, suffered a stroke on March 14, a week before easily winning the primary election, he hasn't been seen in public since. For all practical purposes, no one has been running the county for the past three months...