Word: payment
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...path, courtesy of his own team. The Tories' deputy chairman, Howard Flight, was taped at a Conservative meeting saying that the party's announced tax-cutting plans - pegged at a modest $7.5 billion to deflect Labour salvos about the Tory threat to public services - were only a down payment on its true intentions. "Everyone on our side of the fence believes passionately that [tax cuts] will be a continuing agenda," Flight said. The current proposals had been "sieved for what is politically acceptable." His words were interpreted by many to mean that the Tories would slash taxes and then choke...
...believes that the deals he has done have helped Chinese businessmen become savvier, smarter competitors. He recalls working with a Chinese airline in 1997 that had trouble even calculating its revenue and employed teams of workers to match used plane tickets and payment receipts by hand. Now, he says, Chinese executives can talk high finance with the world's best. "Chinese executives have become much more sophisticated," he says. "The level of understanding of accounting and financial concepts had been much lower." Still, Zhu realizes that Chinese firms face steep hurdles in international business, especially with foreign acquisitions. Chinese firms...
...Afraid that this speculative fever is getting out of hand, China's central bank last week raised the interest rate on five-year mortgages to 5.51% and urged lenders to ratchet up the down payment they require from 20% to 30% in the most heated markets. This came just days after the announcement that investors will be hit with a capital-gains tax of 5% if they sell their Shanghai homes within a year of purchasing them. These measures were hardly severe, but Beijing's message to speculators was clear: cool...
...believes that the deals he has done have helped Chinese businessmen become savvier, smarter competitors. He recalls working with a Chinese airline in 1997 that had trouble even calculating its revenue and employed teams of workers to match used plane tickets and payment receipts by hand. Now, he says, Chinese executives can talk high finance with the world's best. "Chinese executives have become much more sophisticated," he says. "The level of understanding of accounting and financial concepts had been much lower." Still, Zhu realizes that Chinese firms face steep hurdles in international business, especially with foreign acquisitions. Chinese firms...
...DeLay and a number of other lawmakers are in hot water as well for accepting Abramoff-arranged foreign golfing junkets, including one to Scotland's fabled St. Andrews course. The Washington Post reported Saturday that DeLay's trip was indirectly financed by Indian tribes and gambling interests through payments to a nonprofit policy group that was sponsoring the trip. House rules would have prohibited direct payment. Most of the politicians who took trips organized by Abramoff claim they thought the junkets were paid for by charities or policy groups...