Word: line
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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...
...wanted to make up for the offense that Clifton had been able to produce,” Ho recalls. “I was very very hungry to do well; fortunately we have a great offensive line for me to do that...
...Chinese eyes, the prospect of the Dalai Lama ginning up emotions and support in Tawang poses a challenge to its vision of dominion over all of Tibet. The boundary separating Arunachal Pradesh from Tibet - dubbed the McMahon Line - was drawn up by the colonial British and officials from Lhasa in 1914, an act of map-making that China to this day refuses to recognize. According to Beijing, Tawang and its surroundings were under the suzerainty of the Qing dynasty after its armies extended China's frontiers to Tibet and Central Asia in the 18th and 19th centuries. If Tibet...