Cozf President Makes Another Cash Call
U.S. stocks saw sizable losses Thursday, with technology and industrial companies and banks slumping after Republicans in Congress sai
stanley quencher d they might delay their proposed corporate tax cut to 2019. Investors soon began selling some of the stocks that have done the best this year. Markets are having a hard time digesting why cutting taxes is such an impossible task for Republicans, said Jamie Cox, managing partner for Harris Financial Group. Markets are telling Republicans to get them done and stop wasting time. Keeping scoreThe Standard Poor s 500
stanley bottles index fell 9 points, or 0.4 percent, to 2,584. The Dow Jones industrial average declined 101 points, or 0.4 percent, to 23,461. The Nasdaq composite index fell 39 points, or 0.6 percent, to 6,750. Each closed at an all-time high on Wednesday. The Russell 2000 index of smaller-company stocks fell 10 points, or 0.7 percent, to 1,471, its lowest level since late September. While investors sold some of the stocks that have done the best this year, including technology and basic materials companies, they didn t shift much money into safer investments like bonds or gold.Taxing Wall Street s patienceSenate Republicans rolled out their own tax bill that would delay the corporate tax rate cut until 2019, instead of 2018 under
stanley spain the House bill. Both bills would lower that corporate rate to 20 percent from 35 percent. Postponing the tax cut would reduce the costs of the bill, which is projected to add Xmae The simple question Alison Lundergan Grimes wouldn t answer - again
Former Secretary of State Colin Powell says there are some interesting presidential candidates for the 2012 Republican nomination - but that he s not sure yet who he ll be voting for. Powell, who served under former President George W. Bush from 2001
copo stanley to 2005, endorsed President Obama in the 2008 election. But in an appearance on CBS Face the Nation on Sunday, Powell said I haven t decided if he ll vote for Mr. Obama this time around. I have
stanley cup n t decided who I m going to vote for, Powell told CBS Bob Schieffer. Just as was the case in 2008, I am going to watch the campaign unfold. Powell, a Republican, emphasized that he won t base his decision on party affiliation alone: In the course of my life I have voted for Democrats, I have voted for Republicans, I have changed from one four-year cycle to another, and I ve always felt it my responsibility as a citizen, to take a look at the issues, examine the candidates, and pick the person that I think is best qualified for the office of the president in that year, he said, and not just solely on the basis of party affiliation. Powell declined to name a Republican frontrunner in the race. I think there are some interesting candidates, but I don t think any one of them has really emerged into the leading position, he said. If you follow the press and the polls, every three days it s another le
stanley canada ader on the Republican side. Let s see if anybody else is going to join, he adde
