Word: petered
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There's nothing illegal in setting up an offshore account. There's also little point in doing it, unless you're like ExxonMobil and doing a ton of business overseas. "We routinely advise individuals against going offshore," says Peter Glicklich, an international-tax-law expert at Roberts & Holland in New York City. Moving offshore can actually shift some categories of income to your disadvantage: turning a capital gain into ordinary income, for instance, and getting taxed at a higher rate. If you fail to report an offshore account on your taxes, you face a penalty of 75% of the underpaid...
...Peter Goldenthal, a psychologist in Philadelphia, has also experienced the problems of a rocky family relationship. He dedicated his book Why Can't We Get Along? Healing Adult Sibling Relationships (Wiley) to his younger brother Lance. "We fought physically when we were boys, and we argued a lot when we were young men," says Goldenthal, 53. "Now we argue once in a while, but the whole complexion of the relationship is different...
...Italian Prime Minister Silvio Berlusconi's Mediaset. The law gives new management 90 days to come up with an operating plan under "self-administration," similar to the Chapter 11 bankruptcy provisions in the U.S. "There are more possibilities to save the firm than under the old law," says attorney Peter Neu, who specializes in bankruptcies. "They don't have to destroy and liquidate the company." As a result, banks and other creditors may be asked to swap their outstanding loans for shares in a reborn Kirch...
...largest creditor and a defendant in a recent lawsuit brought by Enron shareholders. As secretary of the treasury under President Bill Clinton, Rubin exchanged friendly letters with Enron chair Kenneth Lay. When Enron’s finances started to slip, Rubin placed a now-infamous call to Peter Fisher, his former employee at Treasury, to seek assistance for the energy giant...
During his closing blessing, Plummer Professor of Christian Morals and Pusey Minister of Memorial Church Rev. Peter J. Gomes recalled delivering sermons when Pusey and his wife regularly attended church services at Memorial Church...