Word: pocketsful
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There is no question that Prudhoe Bay, the nation's largest oil field, is in decline. Production has slumped from a daily average of 1.6 million bbl. in 1988 to just 425,000 bbl. in 2005. To extract whatever oil remains, BP, which operates the field for a consortium of...
The GAO review of Internal Revenue Service records and GSA contracts for 2004 and 2005 found that about 10% of the vendors under contract with the agency, or over 3,800, had cheated on their taxes. In most cases, the scofflaws didn't pay their corporate income tax or company...
And cheating on taxes isn't just an easy way for companies to line their pockets - it's also good business. The report points out that "GSA contractors with tax debts have an unfair advantage in costs when competing with contractors that pay their taxes." Not remitting payroll taxes to...
"Bags right now are about soft and chunky," Krakoff says as he examines a black Legacy bag prototype with chunky brass. The bag is not yet perfect, but it's very close. Krakoff corrects the outer pockets (too high) and asks the designer to take off the coin-purse patch...
It was quite a sight. Last week at the post-doctoral science fair that is Microsoft's annual TechFest, Bill Gates was standing with his hands in his pockets, stomping his feet on the floor, staring at the image of the contents of an Outlook email inbox folder projected on...