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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Apr 25, 2005
Page
7
Gas prices across the United States fell about 4.46 cents per gallon to an average of 2.27 for all grades between April 8 and Friday. Trilby Lundberg, who runs the Lundberg Survey, cites a drop in crude oil prices and softer demand for the slight decline. Self serve regular averaged 2.24, midgrade 2.34, and premium 2.44 per gallon.
Google plans to place ads on selected Web sites rather than across its entire marketing network. The move targets advertisers who want control over where brands appear or a specific demographic, seen as the first step to meet more advertiser needs. Tim Armstrong notes this expansion as part of growing profits.
Verizon faces a five day deadline to improve its offer for MCI Inc after MCI’s board inched toward backing Qwest’s 9.75 billion proposal. Analysts say MCI can reject Verizon or force a vote, while Qwest calls its bid superior despite legal questions and a looming breakup fee of 240 million dollars.
A presidential advisory panel says the tax code has too many deductions and credits. It notes two credits, a deduction and savings plans help college costs, while urban and rural zones spur investment. The White House lists major breaks like health insurance for employees, mortgage interest, capital gains on home sales, and child tax credits, but complexity confuses filers.
A White House panel finds deductions and credits excessive and complex, deterring intended activity. Experts note political incentives drive new breaks while shrinking room for rate cuts, with housing, education, and health subsidies swelling costs. The earned income credit and business health coverage breaks exceed other programs, and tracking their effectiveness remains limited.
Hybrid vehicle registrations reached 83,153 in 2004, up 81 percent from 2003, with hybrids under 1 percent of 17 million new vehicles. Polk data show a 960 percent gain since 2000, tax incentives boosting sales, Ford Escape hybrid entering showrooms, while Japanese brands still dominate with over 96 percent of registrations.
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