Washington, D.C. – Since its enactment in August, the $287 billion U.S. transportation-spending law has been a target. Hurricanes Katrina and Rita prompted calls for partial repeal of some of the spending, namely the 6,000 projects, or earmarks, that lawmakers set aside for their constituents. High gas prices have led some to suggest suspending or eliminating the wellspring of transportation funding: the federal gas tax. And now House conservatives are sharpening their budget-cutting knives.
But none of that will stop the powerful highway lobby.
Instead, officials from the American Road & Transportation Builders Association are watching their rear as they move on to their next big project: reauthorization of the highway bill in 2009. “Those are two sides of the same coin,” says David Bauer, ARTBA’s senior vice president for government relations.
Full Story at Forbes.com
Posted by Gillies on October 19, 2005
WASHINGTON, D.C. – What kind of bang does management deliver for the buck? One way for stock buyers to answer that question is to look at return on equity, or net income divided by shareholder’s equity. The number, expressed as a percentage, can indicate how well management delivers profit given the capital entrusted to them.
Return on equity has its flaws, namely that it sometimes gets a misleading boost from accounting matters rather than management prowess. For example, one-time events, such as the sale of assets, can puff up the net income in ROE’s numerator. Likewise, negative earnings, changes in accounting principles, share buybacks or restructuring charges may distort a company’s net worth.
Full story at Forbes.com
Posted by Gillies on October 5, 2005