Word: tomming
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Dates: during 1990-1999
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...across my desk bing, bang, boom: three books that, years from now, may prove to have been the clearest sell signal ever missed. It was spring 1996, and, yes, the stock market has been levitating since then. Sometimes sell signals are early. The first book was by David and Tom Gardner, a brother act in jester hats with the catchy title of Motley Fool Investment Guide. The second, The Whiz Kid of Wall Street's Investment Guide, was by Matt Seto, 17. The third was the now infamous debut, Beardstown Ladies' Common-Sense Investment Guide, by a 14-member investment...
...taxes the recovered depreciation, in this case $20,000, at a rate of 25%. The rest of the gain is taxed at 20%. Where this really gets tricky is with installment sales. Tom Ochsenschlager, a tax partner with Grant Thornton in Washington, says taxpayers may choose one of two ways to apply the new rule. They may pay 25% on all gains received until the depreciation has been recovered, and then pay 20% on everything after that. Or they may pay a blended rate on all gains for as long as they receive payments...
...that local artist Maxine Henderson exhibited some of her work in the city hall rotunda, including Gwen, a painting of a partly nude woman. A city employee saw the painting and was offended--so much so that she filed a sexual-harassment complaint against her employer. City attorney Tom Reed promptly whisked the painting away. Although a judge eventually ruled that Henderson had a First Amendment right to hang her art in the rotunda (it's a public place, after all), the lawsuit frightened Reed. To this day, he won't allow Gwen to be displayed in city offices that...
...worrisome are the estimated 300,000 asteroids larger than 300 ft. wide that also come perilously near or intersect Earth's orbit; each could inflict Tunguska-like damage over a large region. The number of Earth-crossing asteroids larger than 60 ft. across, says University of Arizona astronomer Tom Gehrels, could be as high as 100 million. A hit by any one of them could destroy a large city...
...doing valuable stuff, but as a matter of principle, I'll never pay for anything on the Web." Budde's been working on the Interactive Edition since way back in 1993, and the flurry over Slate's recent jump to the subscription model raised few eyebrows over there. Says Tom Baker, the site's business director, "I was at a conference a couple of weeks ago, and everybody was hooting at them, as if they were breaking all the rules...