Word: taxed
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...exports to America has fueled economic growth in Japan and China. Asia's eagerness to buy bonds, in turn, has helped America avoid the full consequences of its reckless spending. The U.S. current account deficit touched $542 billion last year and the fiscal deficit, which has burgeoned because of tax cuts and the war in Iraq, is projected to hit $521 billion this year. Huge deficits usually make investors nervous and drive up interest rates, but Asia's bond purchases have allowed Greenspan to keep interest rates low, making life easier for millions of U.S. home buyers and credit-card...
...group of pasty-faced zealots, led by divisive televangelists like Jerry Falwell, who helped yank the Republican Party so far to the right that moderates were frightened away. But [Ralph] Reed has emerged as the movement's fresh face ... His message, emphasizing such broadly appealing themes as support for tax cuts, has helped make the Christian Coalition one of the most powerful grass-roots organizations in American politics. Its 1.6 million active supporters and $25 million annual budget ... hold a virtual veto on the Republican nominee for President, and will exert an extraordinary influence over who will occupy the Oval...
...that John Kerry has fleshed out his economic plan, investors should start thinking about a presidential portfolio. Intent on rolling back tax cuts, pushing a tough environmental agenda and slashing the budget deficit, Kerry in office would quickly change the investment backdrop for a handful of industries. So, as he and George W. Bush gain and fall in the polls between now and November, expect certain stocks to fall in and out of favor...
...absurdly inflated as its Page 3 girls. Two months ago a businessman paid ?27 million for a flat in Chelsea. Ordinary people - nurses, teachers, oil barons - can barely afford to live here. My own apartment is considered a steal, but it seemed less so when a council-tax bill for ?2,546 arrived last week. When I called the council help desk to ask how the council tax differed from the 17.5% Value Added Tax or the 40% income tax, I was told, "It's the tax you pay for living on your street." I'd consider living...
...feelings and the courts were, of course, independent. The market, however, clearly feels that the President gets what he wants. Despite this brief burst of optimism, Yukos may still be doomed. Its founder Mikhail Khodorkovsky and a top shareholder, Platon Lebedev, are on trial for fraud and tax evasion. Yukos has been hit with a demand for $3.4 billion in back taxes. The stock surge won't alter the trial's outcome. One Khodorkovsky attorney, Robert Amsterdam, predicted his client would be convicted. The company has set up a hotline to field questions, but only Putin has the answers...