The colloquial name for the United States’ Home Star Energy Retrofit Act of 2010, which provides incentives for specific energy-efficient home improvements. The bill allocates $6 billion to be used as rebates under two programs: the Silver Star program and the Gold Star program. The Silver Star program allows rebates of up to $3,000 for energy-efficient doors, windows, insulation and appliances. The Gold Star program provides rebates of up to $8,000 for energy audits and improvements that reduce total energy usage by more than 20%. The bill aims to provide economic stimulus to home contractors that have been hard hit by the downturn in the real estate industry. The bill is controversial among Republicans, who worry that it will increase the federal deficit. To address these concerns, language was inserted in the bill that provides that it will not be implemented unless the programs can be funded without increasing the federal spending deficit.
The action taken to stimulate an economy, usually during a recessionary period, through government spending, and interest rate and tax reductions. The term "pump priming" is derived from the operation of older pumps; a suction valve had to be primed with water so that the pump would function properly. As with these pumps, pump priming assumes that the economy must be primed to function properly once again. In this regard, government spending is assumed to stimulate private spending, which in turn should lead to economic expansion. The phrase originated with President Hoover's creation of the Reconstruction Finance Corporation (RFC) in 1932, which was designed to make loans to banks and industry. This was taken one step further by 1933, when President Roosevelt felt that pump-priming would be the only way for the economy to recover from the Great Depression. Through the RFC and other public works organizations, billions of dollars were spent "priming the pump" to encourage economic growth.The phrase was rarely used in economic policy discussions after World War II, even though programs developed and used since then, such as unemployment insurance and tax cuts, are automatic pump primers of sorts. However, during the financial crisis of 2007/2008 the term came back into use, as interest rate lowering and infrastructure spending was thought to be the best path to economic recovery.
The French stock market index that tracks the 40 largest French stocks based on market capitalization on the Paris Bourse (stock exchange). Taobiz explains CAC 40 The CAC 40 is used as a benchmark index for funds investing in the French stock market and also gives a general idea of the direction of the Paris Bourse. The CAC 40 is similar to the Dow Jones Industrial Average in that it is the most commonly used index that represents the overall level and direction of the market in France. At the time of writing (Aug 2005), the CAC 40 included such companies as Renault, Michelin, L'Oreal and Vivendi Universal.
A subsidiary of the DTCC that provides centralized clearing, information, and settlement services to the financial industry. |||The NSCC and DTC play a major part in the settlement and clearing of securities transactions. They are the largest providers of these services worldwide.
A taxpayer who reports income and deductions in the year that they are actually paid or received. Cash basis taxpayers cannot report receivables as income, nor deduct promissory notes as payments. The rules for cash basis taxpayers are essentially the same as for cash basis businesses. Cash basis accounting is the alternative to accrual basis accounting.
A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.The victims of this scheme will often lose a considerable amount of their investment as the stock often falls back down after the process is complete. Traditionally, this type of scheme was done through cold calling, but with the advent of the internet this illegal practice has become even more prevalent. Pump and dump schemes usually target micro- and small-cap stocks, as they are the easiest to manipulate. Due to the small float of these types of stocks it does not take a lot of new buyers to push a stock higher.Claims about how a stock is set to break out should be met with a considerable amount of caution. It is important to always do your own research in a stock before making an investment.
An award given to an employee or contestant in the form of cash. Cash awards can either be the only award option or taken in lieu of a tangible item. Regardless of whether they are given to an employee as a reward for merit or to the winner of a contest, cash awards are always fully taxable as income. Richard Hatch, the first winner of the game show Survivor, found this out the hard way, when he didn't claim his million dollar winnings on his tax return.
The price at which a bond or a preferred stock can be redeemed by the issuer. This price is set at the time the security is issued. Also referred to as "redemption price". Taobiz explains Call Price For example, let's say the TSJ Sports Conglomerate issues 100,000 preferred shares with a face value of $100 with a call provision built in at $110. This means that if TSJ were to exercise its right to call the stock, the call price would be $110. A company may exercise its right to call preferred stock if it wishes to discontinue payment of the dividend associated with the shares. It may choose to do this in an effort to increase earnings for common shareholders.