Word: wouldn
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...cannot bury me," he wrote in a letter to his wife from the Mekong Delta. "I can still work, paint, sing and write to you." Another artist, Pham Thanh Tam, filled empty penicillin vials with paint, which he stored inside Russian-made 12-mm shell casings so that they wouldn't break...
...year ban on new-drug marketing could hurt the bottom line of drug companies. But it wouldn't be devastating. "I don't think it will have a particularly big impact," says Eric Schmidt, equity analyst at Cowen and Co., an investment bank. "The companies have already started scaling back their marketing budgets, and they've tended to direct advertising into more established brands." According to Jon Swallen, a research analyst at TNS Media Intelligence, pharmaceutical companies spent about $4.7 billion in magazine and television advertising in 2008, a 10.7% drop from 2007. And only about...
Further, while a two-year delay wouldn't exactly help struggling media outlets desperate for ad revenue, it shouldn't put them out of business. Swallen figures that if the pharmaceutical moratorium were in place last year, magazines as a group would have lost roughly $210 million, or 0.8% of the approximately $25 billion in total ad revenue it took in for the year. And that's using a worst-case scenario in which the FDA kept all new drugs off the ad market for two years. Similarly, television outlets would have lost some $423 million...
That's for future users of TARP. Banks that have already taken TARP money - including some well-run banks that did so at the "urging" of the government so there wouldn't be a stigma attached to the crippled banks that needed the money - won't have to give anything back to fly under the federal paydar. "We need to be tough and strict but sensible," President Obama said. "We do not want to deny companies the ability to attract the talent pool they need." That's not good enough for some Senators, like Missouri's Claire McCaskill, who want...
...some of the tax cuts in the current House and Senate plans are hard to defend. For example, both chambers included a tax credit for first-time home buyers, a classic hair-of-the-dog solution to a crisis with roots in an artificially inflated housing market; the credit wouldn't provide stimulus and it wouldn't point the country in a new direction. Similarly, as the nonpartisan Tax Policy Center pointed out, the Senate's $70 billion patch to the alternative minimum tax is "neither timely nor targeted" and "makes no sense as economic stimulus." And it's worth...