Word: portioned
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...fooled myself into believing that these telecasters are my friends, that they care whether or not I’m watching and wonder where I’ve gone when class or practice comes between me and the cool, bluish glow of the numbers that dance across the lower portion of my television, changing from green to red and back to green again. Other times I find myself sad at the close of the markets—unwilling to tear myself away from the screen, my conduit to a world of bids, offers and billions of dollars in transit...
...TECO Coal's synthetic-fuel production facilities." The buyer was not named. A TECO official told TIME that "part of the agreement that we signed says that we are not allowed to reveal the name of the purchaser." WPS Resources, the parent company of Wisconsin Public Service, sold a portion of its operation to "a subsidiary of a public company" whose name was not disclosed. Massey Energy Company sold its interest in a synthetic-fuel plant to an "unidentified affiliate of a major financial institution...
...credit is so generous that some investors can't take full advantage of it each year because they don't pay enough taxes on their other income. Rather than let the credit go to waste, they sell a portion of their synfuel operations to another group of investors who are looking for ways to reduce their taxes--a sort of perpetual tax-avoidance machine that never stops giving...
...remarks to shareholders: "What we've discovered is that the operation has tax-credit potential that exceeds our needs." In other words, the company had more credits it could use than taxes owed. So WPS did what other synfuel owners do in similar situations. It sold a portion of its operation to a third party for $40 million while benefitting from the leftover credit. The only losers were American taxpayers...
Following the moderated portion of the program, the audience quizzed the pair on matters ranging from inspiration to script development...