Word: actualizations
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...these numbers not to match, and often they don't. In 2008, retailer Macy's lost just under $5 billion, but only $33 million of that qualified as a tax loss eligible for credits against future profits. Other times a company books a much bigger tax benefit than its actual losses. Citigroup, for instance, had a bottom-line loss of nearly $28 billion in the numbers it reported to shareholders and the SEC. But at the same time, it recorded a $30 billion increase in tax credits...
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Sure enough, actual politics is proving the left-right spectrum to be inadequate. Three big off-year elections involved major candidates who were independent (New York City mayor and New Jersey governor) or third-party (the congressional election in New York, where the Conservative Party candidate forced out the Republican, who endorsed the Democrat). That's not to say "liberal" and "conservative" are useless, but they're not nearly enough. (See pictures of 60 years of election night drama...
...Instead, Assistant Secretary of State Kurt Campbell and his deputy, Scot Marciel, met with Prime Minister Thein Sein, who wields little actual political power, in the inland capital of Naypyidaw on the second day of their two day visit. They later flew to Rangoon to confer with 1991 Nobel Peace Prize winner Suu Kyi, who was allowed to travel from the home where she has spent 14 of the past 20 years under arrest to a downtown hotel where the diplomats were staying. (See pictures of Burma's slowly shifting landscape...