Word: pretax
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Dates: during 2000-2009
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...mock the economic inequality that some say started with Ronald Reagan's "trickle down" theory. But this is, at best, an imprecise analogy, because money isn't flowing from poor people's pockets straight to the rich: the pie is getting bigger for everyone. From 2000 to 2005, pretax income for the bottom half grew 15.5%. The rich just got a larger cut of overall growth (a 19% gain for the richest 1%). Perhaps better, then, to call it the big-slice theory...
...company Stateside, with a vast distribution center in Long Island City, N.Y., offering same-day delivery to Manhattan and overnight delivery across the U.S. "Pregnancy is a very creative phase for me," says Massenet. Indeed, figures for the last financial year saw turnover leap 75%, to $72 million, and pretax profits up 62%, to $4 million...
...unification with East Germany--put Germany into an economic straitjacket. BMW went through its own rough patch in the 1990s after the disastrous acquisition of Britain's Rover Group, but its fortunes have changed markedly since it ditched Rover in 2000. Production has increased steadily, and profits are buoyant. Pretax earnings last year rose 25%, to $5.5 billion, despite the soaring cost of raw materials and the strong euro. It has easily outpaced its historic rival, Mercedes (part of DaimlerChrysler), to become the leading premium-car brand. BMW is pushing a worldwide expansion. This spring it opened an assembly plant...
...Topshop formula is proving not just popular but profitable too. The chain made around $200 million in pretax profits last year on revenues of approximately $1.14 billion. That's about half the total profits and a third of sales at the privately owned Arcadia Group. It wasn't always this way, says Nick Bubb, a retail analyst at Pali International in London--less than 10 years ago, profits were as little as a tenth of last year...
...Topshop formula is proving not just popular, but profitable, too. The chain made around $200 million in pretax earnings last year on revenues of approximately $1.14 billion. That's about half the total profits and a third of sales at the privately owned Arcadia Group. It wasn't always this way. As recently as the late 1990s, says Nick Bubb, a retail analyst at Pali International in London, profits were as little as one-tenth last year's haul...