Word: taxed
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...from his TV persona. Springer did just that a month ago. For three hours a day, five days a week, on Cincinnati's WCKY-AM, Springer is talking about the object of his renewed passion: politics. "Republicans get elected on cultural issues," Springer says. "But if they ran on tax cuts for the wealthy or the end of Social Security, which is what they actually stand for, they'd lose...
...President Bill Clinton who is now dean of the London Business School, see eerie similarities with economic conditions of almost 20 years ago. As Ronald Reagan began his second term in 1985, the dollar was sliding and the U.S. was running up big deficits as a result of tax cuts and increased military and other spending. Back then, the American economy entered a turbulent decade of budget consolidation that included a short but potent recession and bitter battles over spending cuts. Tyson and Sachs believe President Bush may be in for an equally turbulent ride during his second term...
...Macfarlane politely went through an exercise of nominating a number of issues requiring attention in order to increase supply capacity: infrastructure, skills development, welfare and tax reform, migration, and industrial relations. Although he repeatedly said such areas were "outside my area of expertise," it's disheartening that he should need to say such things at all. Four months ago the major parties fought a big-spending election, with economic management the decisive factor in John Howard's victory and scant debate about reform. From July, Howard's coalition will control the Senate and it's becoming clear that the climate...
...benefits, we will have resources that can be invested in education and training. We are no longer going to live with the situation where a lot of unemployed people hover in a market where nobody sees them or does anything for them. We've also carried out the biggest tax reform in modern German history, returning 350 billion to consumers. If you look at the average tax burden in Germany, it's one of the lowest in the E.U. The economic environment is changing faster than ever. I think we have to be constantly on the edge to not fall...
Some analysts agree. "Revenues are growing faster than costs," notes Morgan Stanley's Sarah Simon. (After-tax profits for the past six months were up 18%.) Still, Murdoch faces increasing competition. A multichannel provider called Freeview has won 5 million customers in Britain in little more than two years, while cable operators NTL and Telewest recently launched video-on-demand services that challenge Sky's movie business. F & C's Hayes notes that a share buyback launched by Sky in November could lead to "creeping control" of Sky by News Corp. That's just the sort of worry that rankled...