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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...
...godsend that these issues have been brought to a bigger public arena,” said True-Frost, whose character taught middle school math...
...though recent polls indicate support for that is fading fast, too, especially as more young Cuban Americans and recently arrived Cuban immigrants register to vote - they no longer see the travel ban as an inseparable component. In fact, they see lifting the ban as a way to throw a bigger ball into Havana's court, one that might oblige current Cuban President Raul Castro, Fidel's younger brother, to release more jailed dissidents or make other reform gestures...
...Curse of the Mogul, Jonathan Knee, Bruce Greenwald and Ava Seave say the biggest problem with media companies is the moguls, who have been seduced into believing that content is king, bigger is always better and talent - especially their own - is irreplaceable. So blinded are they, they have mismanaged their companies and shareholders have suffered. Co-author Knee, director of the media program at Columbia University and an investment banker with Evercore Partners, weighs in on the next big media deal, the treachery of the Internet and why the movie business sucks. (See the top 10 financial collapses...
...Wasserman was able to make more money than anyone was that he set the culture of the industry. In his day there was an unspoken understanding of how you did business, a culture of co-operation. Somewhere along the way it became cool to steal talent at a bigger price - it made you a bigger mogul...