Word: businessese
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BA's results are a microcosm of the trouble that may face the economy over the next several quarters. Oil now trades above $60 a barrel. Fuel prices will inevitably move up making the cost of living and doing business higher while the abilities of consumers and businesses to spend...
It's a strange move in a part of the world where leaders are none too shy about developing cults of personality. The late ruler of Turkmenistan, Saparmurat Niyazov - the self-titled Turkmenbashi, or Chief of all Turkmen - erected a golden statue of himself that rotated with the sun, and...
The key difference concerns taxes. As a nonprofit, Harvard receives tax exemptions, deductions, and privileges that for-profit institutions must forgo. For example, besides innovative investing techniques, Harvard was able to build its endowment from $4.7 billion in 1990 to $37 billion in 2008 because it did not pay taxes...
In addition, Harvard does not pay real-estate taxes. Instead, it makes voluntary payments in lieu of taxes. Last year, for all of Harvard’s property, it paid $1.9 million in lieu of taxes to the City of Boston. Boston officials estimate these payments would be 10 times...
Since May 16, when Japan confirmed its first instance of the flu being transmitted among the domestic population, the virus has hopscotched through the western prefectures of Osaka and Hyogo, where more than 4,400 schools and some businesses have been temporarily closed. Initially, efforts to contain the disease - which...