Word: benefiter
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...perfectly legal for 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...
...presented the plans, Marchionne said that Chrysler's financial position is now stronger, following its trip through bankruptcy and a dramatic restructuring that cut more than 18,000 salaried jobs. One benefit: Chrysler's cash reserves have increased from $4 billion to $5.7 billion since the company emerged from bankruptcy in June. "Chrysler was actually profitable on an operating basis in September," Marchionne said as he opened the meeting outlining Chrysler's 2010 to 2014 business plan...
TIME's promotion of a pension-based retirement system scares me. Private pension plans are only as good as the insurer that backs them--in many cases the federally run Pension Benefit Guaranty Corporation (PBGC). The PBGC's future solvency, like Social Security's, is dubious at best. Say what you will about market-based retirement vehicles, but it will be a cold day in hell before I relinquish the security of my nest egg to a government with an uncanny ability to mismanage everything...
What to make of it all? With e-books poised to take off, the case raises thorny questions. Will the deal benefit the public along with authors and publishers, while providing only minimal profit to Google? Or will it chart the course for future digital publishing and nudge Google ahead of rivals in the infancy of an emerging and potentially lucrative business? It is suspense worthy of a legal thriller - and Scott Turow is among the settlement's supporters...
...subtlety in the director’s cut, it has been removed. With profit-minded executives wielding the razor, narrative developments have been cut down to terse, perfunctory, and hilariously blunt lines. The implication of every plot twist is quickly and explicitly summarized for the audience’s benefit before the film rushes on to the next bloodbath. When Agent Hoffman, Jigsaw’s protege, [SPOILER OR NO?] goes to the audio lab responsible for decrypting a recording which will ultimately incriminate him, the lab technician delivers the following description of un-scrambling audio over a close...