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...under any moral obligation to pay more taxes than he or she legally owes. (And I hope the lawyer or accountant who figured out how Blackstone could call some of its income a capital gain when calculating its taxes and then relabel the same pile of dough as ordinary income when computing its deductions, as reported last week in the New York Times, got a big, big bonus.) For years, these folks got away with murder. Congratulations. But then, when the sheer size of their incomes draws unwanted attention, instead of a sheepish grin and an "O.K., you caught...

Author: /time Magazine | Title: Private-Equity Pigs | 7/19/2007 | See Source »

...same time, the optimists believe, Kim has sent signals that he is receptive to change in North Korea. They believe an early 2006 visit to the booming Chinese cities of Guangzhou and Shanghai was, as one former U.S. diplomat puts it, "for dough, not for show: he wants to see if there are ways to get a piece of the economic action for the North without losing control." This is the path Kim is now on, the optimists believe, and though he will be maddeningly quarrelsome in the process, they believe he will live up to his side...

Author: /time Magazine | Title: Has Kim Jong Il Come to His Senses? | 6/19/2007 | See Source »

...orange glaze with cinnamon inside—whereas [Chang’s] were more traditional, with a caramel glaze and roasted pecans and raisins inside,” Meites said. “I think flavor-wise both were very good, but in terms of quality of dough and overall balance between flavor, presentation, and what you would imagine the ideal sticky bun to be, Joanne won out over Bobby Flay...

Author: By Margot E. Edelman and Laurence H. M. holland, CRIMSON STAFF WRITERS | Title: Harvard Grad Throws Down in Kitchen | 5/1/2007 | See Source »

Beard Papa's is the Dunkin' Donuts of Japan, only it has replaced fried dough with cream puffs on steroids. It opened its first U.S. store in 2003 and has been invading mall spots. Inside each store, Japanese women in uniforms push down on metal levers to plop rich, creamy custard mixed with whipped cream into oversize profiterole shells. Like so much of Japanese culture, Beard Papa's has taken our creation and refracted it through the mythological wholesomeness of America in the 1950s--which is just what you want fast-food dessert to taste like...

Author: /time Magazine | Title: A New Fast-Food Invasion | 3/29/2007 | See Source »

...that doesn’t mean we don’t learn as much,” says Megan A. Shutzer ’10, who is in her second Swahili class at Harvard.And while they get paid to teach Swahili, it’s about passion, not dough, for Pillsbury and her fellow TFs. Though it might sound cliché, the TFs say it’s rewarding enough to share their knowledge with their peers.“Sometimes it’s a little weird if you see someone at a party or something, but you become...

Author: By Charles R. Melvoin, CONTRIBUTING WRITER | Title: Hakuna Matata! | 3/21/2007 | See Source »

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