Word: profits
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...profit in the sons' scams stems from exploiting local price differences. In Iraq, 20 liters of gasoline can be purchased for as little as 50¢ and resold in neighboring countries that produce no oil for as much as $10. Luxury items are smuggled in tax free by middlemen and then resold at a higher price. One big moneymaker for the sons involves trucking diesel fuel into Turkey. The trade has fallen off amid recent preparations for war, but at its high point, according to the Coalition for International Justice, a Washington-based human-rights group, some 45,000 Turkish truckers...
There are strict laws against debt collectors' harassing debtors, but a new audio CD put together by the National Consumer Law Center, a not-for-profit group of lawyers and others, vividly shows how harassment still goes on. The CD features recently taped phone calls from around the country...
...which oversees aviation security, has told the airlines that it wants the barrier removed permanently, to allow cabin crews and federal air marshals (FAMs) to see the entire cabin. Some airlines are not thrilled with the move, which could happen by the end of the month. Much of their profit comes from passengers paying high first-class fares, and the companies are afraid of doing anything to alienate those premium flyers. "Privacy is a huge issue for travelers in the front of the plane," says Matthew Bennett, publisher of FirstClassFlyer.com "And in this economy, airlines want to do everything they...
...number of stores within five years and open a 300,000-sq.-ft. warehouse in 2004. Charles Butt says 2002 companywide sales were $9.8 billion, up from $8.9 billion in 2001; sales in Mexico were $571 million in 2002, up from $429 million. (The company doesn't disclose profits, but H-E-B is thought to run profit margins close to the industry average...
With the stock market in a slump, chances are you're not fretting about owing taxes on stock gains come April 15. In fact, your only gain is probably in your house. But if you bought and sold a home for a profit over the past five years, here's some welcome tax-season news: recently issued guidelines from the Internal Revenue Service say you may have shelled out capital-gains taxes unnecessarily, and you should get the money back...