Word: clouts
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...sharp decline in housing starts, and the National Apartment Association predicts that rents would have to increase an average of 32.7% to make up for lost write-offs. Tax shelters for oil and gas drilling, however, were largely spared because of that industry's dire condition and political clout. Most businesses are finding that the new tax proposal is a mixed bag of helpful and hurtful surprises. Stockbrokers, for instance, would lose IRA business but would pick up investment money that might otherwise have gone into tax shelters. Automakers might suffer a bit because car loans would no longer...
...past two decades, Southern political leaders as divergent as Jimmy Carter and George Wallace have been talking about the need for their region to exercise greater clout in picking candidates for the White House. First, in 1972, Florida held an early-March primary. When Alabama and Georgia climbed / aboard in 1980, the result was what came to be known in the last presidential election as Super Tuesday. Over the past year, Kentucky, Oklahoma, Missouri and Tennessee decided to stage primaries on the second Tuesday in March. Mississippi is expected to follow suit in the next week...
...boosted unemployment to about 15%. "The political system is being pushed into a corner," says Jonathan Heath, senior economist for Ciemex-Wharton, the Mexican division of Philadelphia-based Wharton Econometric. "A lot of people in the government want default, and though they are not the ones with the most clout now, at any given moment they could be heard...
...figured that with a $1 million endowment and Harvard's investment clout, that's how much it would be," says William H. Gump '85-86, a Quincy House resident who directs Harvard's Public Service Program (PSP). Funded entirely by the university, the four-year old agency is an umbrella organization that primarily links Cambridge youths with undergraduates...
...real deal making was done over so-called transition rules, which postpone or eliminate new taxes for certain individual businesses. The House- passed bill is studded with some 200 transition rules, which have been written to protect pet projects in a Congressman's district or large industries with particular clout on the Hill. Drafted behind closed doors, these rules are written in language designed to make it difficult to identify the real beneficiaries. One transition rule, for instance, waives the cutbacks on investment tax credits and depreciation for the fiber-optic networks of telecommunications companies that have committed a certain...