IN THE NEWS

Blockbuster Wins Final Approval of Sale to Dish Network


Blockbuster Inc., once the largest video-rental chain, won final approval to sell its assets to Dish Network Corp. for $320 million, Bloomberg News reported yesterday. Dish's bid was declared the highest and best offer after an auction April 6. On April 21, the day the sale had been projected to close, Blockbuster told Bankruptcy Judge Burton Lifland that it needed to give Dish more time to decide which of 1,500 leases to keep or reject. The revised offer approved yesterday gives Dish another 90 days to decide on leases and business contracts, which should allow the company to keep more leases and jobs, Blockbuster lawyer Stephen Karotkin said.



HUD's Donovan Suggests Renter's Tax Credit


Housing and Urban Development Secretary Shaun Donovan floated proposals for a new renter's tax credit to relieve the scarcity of affordable housing, CongressDaily reported yesterday. At a conference at which Harvard's Joint Center for Housing Studies reported that renters have become increasingly squeezed over the past decade, Donovan called for a revamp of today's low-income housing credit and for an expansion of the Community Reinvestment Act, which prods banks to make loans in low-income communities. Donovan made a particular plea for ideas on a renter's tax credit, though he did not advocate a specific proposal himself.

THIS IS JUST WRONG!!!!!!   THEY DO NOT PAY PROPERTY TAX AND CONTRIBUTE TO OUR SCHOOL SYSTEMS, ALTHOUGH THEIR CHILDREN ATTEND THE SCHOOLS.  THEY SHOULD NOT GET A TAX BREAK!   OUR SCHOOL SYSTEM IS STRUGGLING IT NEEDS PROPERTY TAX DOLLARS!    INCREASE THE CORPORATE PROPERTY TAX BASIS AND GIVE A PPORTION TO OUR SCHOOLS!