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JACKSON - The Legislature on Thursday passed a modular-housing tax cut aimed at Katrina recovery, with lawmakers clocking their personal best time getting in and out of the Capitol for a special session - two hours. The cut from 7 percent to 3 percent on modular homes, pushed by Gov. Haley Barbour, had died in an August special legislative session, with House leaders letting it languish in committee without a vote. Barbour, angered over the House move, which he said would cost modular-home buyers an extra $4,000 to $6,000 in taxes and limit Coast homeowners' rebuilding options, forced lawmakers back into session Thursday. On Thursday, the full House voted 113-1 in favor of the tax cut. The Senate passed it unanimously, as it did in August. "The people of Mississippi, especially those on the Coast, thank you," House Speaker Billy McCoy, D-Rienzi, told House members after their vote.
QUETTA: Prime Minister Shaukat Aziz has announced a package of Rs 19.5 billion for Balochistan to accelerate development activities for the welfare of the people.
Speaking to newsmen, Shaukat Aziz declared that thirty two thousand one hundred and forty new jobs would be available for all categories of posts to reduce unemployment in the province. It is a major step to end the sense of deprivation.
He said that Rs six billion would be provided under the NFC award. The Prime Minister said that each district council would receive Rs one hundred million a special federal grant for the development activities in their respective areas during the current year.
There are now 29 districts in the province. The Kohlu and Dera Bugti districts would be provided a total of Rs two billion fifty crore while Gwadar coastal town would receive Rs two billion.
● Former librarian and current eBay enthusiast Michelle B. Graye will present "Let's Make a Deal," a beginner's guide to browsing, buying and selling on eBay, from 6:30 to 7:30 p.m. Tuesday at the Kirk-Bear Canyon Library, 8959 E. Tanque Verde Road. .
(AXcess News) Washington - An economic slowdown has caused homebuyers to think twice about buying a new home as inflation drove up living costs for most Americans thanks to a spike in energy prices and growing concerns in the workplace. New-home construction in August fell 6 percent, the Commerce Department reported, with new-home construction down nearly 20 percent compared to the same period last year when the boom inhousing was still at its peak. Total housing starts dropped 6.0 percent in August to a seasonally adjusted annual rate of 1.665 million units, according to figures released by the Commerce Department today. The pace of new-home construction was down 19.8 percent from a year earlier, which was a record-breaking year. Builders slowed the pace of single-family home construction by 5.9 percent for the month to 1.360 million units, a 20.6 percent drop from a year earlier.
After canceling its GDR (global depositary receipt) issue, E-ton Solar Tech said it plans to issue US$100 million worth of ECB (euro convertible bonds) instead to raise funds. E-ton will issue the five-year ECB with Morgan Stanley as the underwriter with a face value temporarily set at US$1,000 or multiples of US$1,000. The solar cell maker expects to complete the ECB issue by the end of 2006 in order to fund plant construction, equipment and material procurement. A Chinese-language Commercial Times report cited company officials as saying that a bank loan is also likely. In light of the observed unstable economic environment, E-ton said an extension of capital size is not desirable for the company. The ECB issue, on the other hand, does not impact the company's capital size and has an associated liability cost of almost zero, according to the Commercial Times report.
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