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...Firms’ characterizations of income to investors and to tax authorities have increasingly diverged during the 1990s for reasons that we still don’t fully understand. While the overstatement and manipulation of accounting earnings by firms has come to light, there is growing concern over a parallel development in the underreporting, or creative shielding, of income to tax authorities. As such, both investors and tax authorities seem to be losing out in this system. With the ongoing crisis in confidence in firms’ reported profits, firms too may be losing out as their portraits of economic...

Author: By Mihir A. Desai, | Title: Reading Off the Same Page | 5/4/2003 | See Source »

...Hussein regime were well known." But CNN's decisions affected more than its coverage of one regime. They confirmed the popular suspicion that there is one story for insiders and another one for regular suckers--the journalistic equivalent of Martha Stewart and ImClone. Too many Americans already live in parallel universes, one controlled by a vast right-wing conspiracy, another in which Vincent Foster was murdered. In even more polarized and desperate quarters, people believe the Mossad brought down the World Trade Center. At the extreme, this world view is the mind-set of terrorism: that history is a hermetic...

Author: /time Magazine | Title: The Trouble With Sitting On The Story | 4/28/2003 | See Source »

...gestures of heterosexual public intimacy which have become so routine as to be invisible. On the National Day of Silence earlier this month, participants disrupted our everyday routine by refusing to speak, and provoking us to wonder what other silences we live among, unknowingly. The kiss-in has a parallel philosophy. It steps outside the boundaries of everyday public behavior to give a new perspective on the commonplace—(straight) hands held en route to class and (straight) kisses good-night in the corridor...

Author: By Marcel A.Q. Laflamme, | Title: Kissing (In)Tolerance Goodbye | 4/24/2003 | See Source »

...could make it all up. Like, ‘Last night’”—he surveyed the cars parallel-parked along Holyoke Street and the squirrels scampering across the MAC quad—“‘Last night, I discovered the… car…squirrel…position.’ It would be awesome...

Author: By Phoebe Kosman, | Title: Just One Word: Plastics | 4/23/2003 | See Source »

...Hussein regime were well known." But CNN's decisions affected more than its coverage of one regime. They confirmed the popular suspicion that there is one story for insiders and another one for regular suckers - the journalistic equivalent of Martha Stewart and ImClone. Too many Americans already live in parallel universes, one controlled by a vast right-wing conspiracy, another in which Vincent Foster was murdered. In even more polarized and desperate quarters, people believe the Mossad brought down the World Trade Center. At the extreme, this world view is the mind-set of terrorism: that history is a hermetic...

Author: /time Magazine | Title: The Trouble With Sitting on the Story | 4/21/2003 | See Source »

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