Word: terme
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Dates: during 2000-2009
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...scheme seemed a bit convoluted from the start, but it offered oodles of money to the participants. An American investor agreed to lease tram and subway cars from BVG, Berlin's mass-transit company. And BVG, in turn, leased them back for terms ranging from 12 to 30 years. Under U.S. tax law at the time, the American investor was able to take a depreciation tax benefit on the equipment because it was held on a long-term lease - a financial benefit the investor shared with BVG. (Read about Paris' public bicycle system...
...there was a risk, and it would end up costing German taxpayers dearly. It related to a term set down in the leasing contracts - massive tomes, written in English, which required the Germans to take out policies with AAA-rated insurers to cover the value of the assets for the life of the lease. Should the insurer lose its top rating, the Germans would have to either find another insurer or, in the worst case, provide additional collateral to guarantee the assets. It was a scenario that no one expected could emerge - until the financial crisis...
...backlash from Russia. Obama’s hosts, meanwhile, have been supporters neither of his ascendancy nor his policies. Mirek Topolanek, whose successor as prime minister will be named today, just fired off his last political salvo in the capacity of leader of the Czech Republic’s term as president of the European Union, in which he denounced Obama’s economic policies as “the way to hell...
...word “routine” is a red flag in any long-term commitment. It comes with connotations of habit, boredom, and monotony. So over their 38-show run for this year’s musical “Acropolis Now,” members of Hasty Pudding Theatricals were challenged to keep up the energy night after night. It takes creativity, but when you’re into drag, role-play, and four-inch-heel knee-high pink pleather boots, you definitely have an edge...
...found any? Yes, I think the fact that the new Prime Minister [Benjamin Netanyahu] is really clear that he wants economic and security change on the West Bank. That's what we agreed we'd work on with him. There are one or two things that [Netanyahu's] term "economic peace" can mean. One, that economic development is a substitute for state, and that's obviously not acceptable. I personally think he wants the second, to build the [Palestinian] state from the bottom up. I understand and buy into that. It's important for the Israeli government to come...