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When Ralph Nader sees eye-to-eye with Merrill Lynch, something mighty weird is going on. For centuries, investors demanded cash dividends as current compensation for the risk of a future loss. But then, in the heat of the 1990s bull market, many managements, especially at tech firms, tried a new line: Don't ask us to pay cash dividends, because we can maximize your returns by reinvesting every penny in our growing businesses. And if you wait to take your profits as long-term capital gains, argued these managements, you'll pay less in taxes than you would...
...that really an excuse for planting his website next to a porn palace? The territory was scandalized to discover that chtung.com?a mere three letters away from his official site chtung.org?is stuffed with links to hard-core pornography inviting intrepid web surfers to explore "Exotic Redheads" and "Asian Heat." (Or so we've, um, been told.) Tung's staff has no plans to buy out the site, but that might change if a "Foxy Regina Ip" link shows...
UNITED STATES Kyoto Alternative President George W. Bush unveiled a plan to tie reductions in greenhouse-gas emissions to economic output. He says his plan will avoid more than 500 million tons of heat-trapping gases over the next decade. But business participation is voluntary, and environmentalists say that Bush's own numbers show the plan will actually result in a 14% increase in emissions...
Harvard student Dan Weinstein ’03 -’04 and the rest of the U.S. Olympic men’s short-track speed-skaters made their first stride towards Olympic Gold with a first-place finish in a 5000-meter relay semifinal heat on Wednesday night...
...American team of Weinstein, Ohno, Ron Biondo and Rusty Smith—the 2001 World Championship gold medalists—will now prepare for the relay final on Feb. 23. The Canadians, who won the other semifinal heat, are expected to be the toughest competition...