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Marketwatch

Mutual fund owners who think they are avoiding capital gains taxes are frequently surprised to find out otherwise when the tax bill arrives at the beginning of each year.<@SM><@SM><TAB>Indeed, fund owners often pay taxes annually on the capital gains, or profits, on the sale of stocks included in their funds. And mutual fund capital gains are assessed despite the fact that the investor, or fund holder, had nothing to do with the sale, since it was instigated by a fund manager.

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NEWS SUMMARY

Deregulation SupportA survey by the Maryland Public Service Commission shows more than two-thirds of commercial energy customers support the state’s effort to move forward with the introduction of electric competition. Electric deregulation in Maryland took effect on July 1, but ...

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Squatters Sue Over Dump Collapse

Survivors of a mountain of garbage that collapsed on a squatter community in the Philippines, killing at least 218 people, filed a $22 million class-action lawsuit Tuesday accusing the local government and private waste contractors of negligence.<@SM><@SM><TAB>

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Small Business

For many entrepreneurs, home and office are one and the same. They start companies out of their houses or apartments to save money, or because they want a different lifestyle.<@SM><@SM><TAB>But many at-home business owners soon encounter what can only be called boundary issues

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The Bookcase

[IMGCAP(1)]Fiction Best SellersThe Return (h) Buzz Aldrin and John Barnes The Hours (p) Michael Cunningham The Poisonwood Bible (p) Barbara Kingsolver While I Was Gone (p) Sue Miller The Girls’ Guide to Hunting and Fishing (p) Melissa Bank Hannibal (p) ...

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