Word: taxingly
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...that no one wants to buy them. In Soviet times, workers joked that they pretended to work and the state pretended to pay them. Now the line could be that the workers pretend to make things and the factories pretend to sell them. The plants can't pay their taxes or their workers, and instead barter some of the stuff coming off the production lines in return for official blindness to their tax delinquency. That's why the streets are lined with people trying to peddle items like pots and pans, towels and toilet paper...
Here's some bad news for anyone sitting on a stock that got hammered as the market fell this summer: your bright little idea may get pounded even more this fall as fellow shareholders sell to lock in tax advantages by year's end. Tough out there, huh? By acting now, though, you can turn the expected "tax-loss selling" into an opportunity. There are some extra risks and costs, but they don't amount to much if you have losers that you expect to sell anyway. The basic strategy is to dump your dogs now, so that when...
Ordinarily, tax-loss selling occurs in November and early December, and very often that selling leads to a "Santa Claus rally" around Christmas, and then to the "January effect" as investors buy stocks that have been driven arbitrarily low. But in a year like this one, with widespread losses, it makes sense to start sooner. "The smart move is to think like it's November in September," says John Manley, market strategist at Salomon Smith Barney...
During the campaign and the two years I served as the White House press secretary, I sometimes felt caught in the web of those words. I never could explain what happened to the middle-class tax cut, for example, or whether if the health-care plan covered 95% of Americans, it would meet the threshold of universal care. Still, I was never asked to lie. So I tried hard, sometimes too hard, to defend a President who never lost his ability to dazzle...
Yeltsin's decisions to let the ruble float down as much as 34% and to put a moratorium on corporate- and bank-debt repayments are desperate measures, steps the U.S. and the International Monetary Fund advised against. If they are followed by real reforms of the tax and banking systems, the program might restore some confidence in the economy and bring investors back. But by itself, the floating ruble will slash the savings of some Russians and increase the cost of living for many, especially those who live in the cities, where more than half the food in the shops...