Word: line
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Dates: during 2000-2009
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This isn't all that out of the ordinary for a recession. Typically, companies ring up tax credits in down years and use the credits to plump up the bottom line when business picks up. But what is turning the run-of-the-mill tax credit into a bonanza this recovery is the huge amount that corporate America has lost in the past two years. Also, stimulus spending has turned around the economy and corporate profits faster than normal for a particularly deep recession. The speedy turnaround in corporate profits, which are expected to soar 60% in the fourth quarter...
...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...
...Vegas after a tournament in Seoul, makes the bold decision to embrace his taskmaster dad. Mike Agassi tortured his son with endless drills; he wasn't the cuddly type. When the moment arrives, Mike "stiffens," Agassi writes. "It feels like hugging the pilot." To whoever penned that line: post-ace applause...
...election of President Mahmoud Ahmadinejad. Nor are they enough to pose a direct challenge to the government, which has overwhelming control over the streets and national security. But they are having an effect far beyond the skirmishes in Tehran, pushing the Iranian government into a harder and harder line against its internal foes and into confrontation with the West. (Read about how Tehran is bracing for a new round of political protests...
...been some hope among Iran watchers and the U.S. government that, in the aftermath of Ahmadinejad's disputed election, the Iranian government would have more incentive to accept President Barack Obama's offer for an open discussion about the fractured relations between Iran and the U.S. According to this line of thinking, a contested government in Iran would need a deal with the West to bolster its international legitimacy. Further to the argument, the conservative Ahmadinejad was said to be one of the few Iranian leaders who could then pull off an about-face on 30 years of anti-Americanism...