Word: profits
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...Drawn & Quarterly declared it the best year they ever had at San Diego, with Adrian Tomine's just-released "Scrapbook," a collection of ephemera by the former wunderkind, selling the best. The Seattle-based Fantagraphics reduced its table by half this year but have tentatively announced a bigger profit than ever with Dan Clowes' latest issue of "Eightball" #23, their top-seller. Georgia's Top Shelf had a remarkable eight new releases debuting at the con, including "Blankets" author Craig Thompson's book of travel sketches, "Carnet de Voyage," which sold out. Another debut sell-out was James Kochalka...
...effort to clean up the territory's casino culture--and to profit from it--China ended Ho's choke hold on the industry in 2001, launching a bidding war for two additional casino licenses and slapping a 39% tax on all three. One of the new license holders is Steve Wynn, who is credited with reinventing the Strip in Vegas. "Right now, Macau is for the gambler--period," Wynn told TIME last month before breaking ground on a $705 million wonderland to be flanked by the old Lisboa and a planned joint venture between Ho and MGM Mirage. "The trick...
There has been a sharp rise in the number of not-for-profit foundations throughout Europe. And a network of foundations is beginning to lobby for pan-European legislation. According to the Brussels-based European Foundation Centre, about a quarter of the 61,000 foundations in the European Union were established in the past decade. In Belgium one-third of its 323 foundations were created after 1990. Growth is particularly strong in Germany, where more than 3,000 of the nation's 12,000 foundations have been created since...
There are other kinks in Europe's fledgling philanthropy as well. There are strict limits in some countries on the amount of donations that companies can deduct from their taxes. In the U.S. foundations must disburse 5% of their assets annually to qualify for not-for-profit status. In Europe there's no such stipulation. For example, the Robert Bosch Foundation, Germany's largest, gave just over 1% of its $6 billion in assets last year...
...added an entire new floor. "As we emphasize our brand, design becomes more critical," says the center's president, Lee Hee Gook. "We're making ourselves more competitive." Can Kim build LG into a global titan? Hurdles abound. LG still sometimes cuts prices to drive sales, softening both profit margins and its brand image. For example, LG sees 5% profit margins on its mobile phones; Samsung earns in excess of 20%. Nor does it help that LG Electronics is a member of one of South Korea's mammoth, family-controlled conglomerates, called chaebols, which are infamous for mysterious and convoluted...