Word: businessese
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The U.S. faces two problems and they each compound the government deficit troubles. The IRS is collected much less than the current federal budget forecasts as individual and business taxpayers experience drops in their incomes. On the spending side of the ledger, the costs of stimulating the economy and bailing...
The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The Achilles Heel of this investing strategy is that there is no central authority watching the "portfolio" and no publicly articulated...
Harvard University is a nonprofit, not a business. This is one of the central arguments that we hear professors, politicians, and students make when they advocate for Harvard to be more socially and morally responsible. But does this claim mean anything? Should Harvard act any different as a nonprofit than...
But there's another reason for the surge in cases of deceit. Far from simply fueling fraud, there's nothing like a nasty bout of recession to flush swindlers out. By digging into their own operations amid the financial squeeze, firms are unearthing historical deception. In 2008, U.K. courts tried...
(2 of 2) Prabhakaran's life as a fugitive began in 1975, with the assassination of Alfred Duraiappah, then mayor of the northern city of Jaffna. A group calling itself the Tamil New Tigers, of which Prabhakaran was a leader, claimed responsibility. The next year, Prabhakaran founded the LTTE. What...