The Senate Finance Committee began searching for a compromise on how to deal with the estate tax's uncertain future. The tax, which is applied to inherited assets, is scheduled to disappear in 2010 only to come back in 2011 at the higher exemptions and rates that were in effect prior to 2001, when Congress cut the estate tax. Groups representing family owned businesses have urged Congress to make estate tax repeal permanent, but even their supporters concede that's not going to happen. "We can't get that done," said Sen. Jim Bunning, R Ky. "I support repeal, but we need certainty in this area," said Sen. Max Baucus, D Mont., who chairs the Senate Finance Committee. At a Nov. 14 hearing, the committee heard from billionaire investor Warren Buffett, Nevada rancher Dean Rhoads and Iowa manufacturer Eugene Sukup. Buffett, chairman and CEO of Omaha, Neb. based Berkshire Hathaway, recommended keeping the...<br><a href='http://blog-about-finance.com/news/39832'>http://blog-about-finance.com/</a>

The latest look ahead from the National Association for Business Economics said the gross domestic product was on track to expand at just a 1.5 percent pace from October through December. That would mark a sizable decline from the July to September rate of 3.9 percent. The group's new fourth quarter projection compared with September's prediction of a 2.5 percent growth rate for the fourth quarter. The GDP the value of all goods and services produced in the United States is considered the best barometer of the country's economic fitness. For all of this year, the forecasters expect the economy to grow 2.1 percent, which would be the weakest showing since 2002. The economy was then emerging from a recession and grew just 1.6 percent. The association also...<br><a href='http://site-with-content.com/news/22486'>http://site-with-content.com/</a>

Some local units of imported vehicle brands such as Mercedes Benz and Audi have been under scrutiny by regulators over allegations that they inflated prices. In a statement, SK Networks, which already has a dealership for several foreign brands, said it would sell the Camry model equipped with a 3.5 liter, V6 engine for 45 million won (US$48,087). SK Networks sells four foreign brands, Mercedes Benz, BMW, Toyota's Lexus and Camry, at prices as much as 17 per cent lower than those charged by official dealers, according to the statement. "If we remove unnecessary options, our prices will go down further," said an official at SK Networks, who asked not to be...<br><a href='http://blogger4u.info/news/30365'>http://blogger4u.info/</a>

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