Word: pump
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...Jill Bakken and her push partner Vonetta Flowers, a 24-year-old from Birmingham who had once wanted to be an Olympic track star, toe the line for their final run. Bakken stares toward the first, floodlit turn for a long minute - visualizing, focusing. Then she and Flowers pump their fists, pump up the volume, leap into their sled...
...able to do as much of that under the new regulations, which also ban sham "issue" ads being broadcast on TV or radio just before an election, whose real purpose is to attack a candidate. But the bill allows corporations, labor unions and especially special interest groups to pump practically all the money they want into grass-roots activities, such as get-out-the-vote drives or direct mail. So grass-roots organizers, not TV ad bookers, could be in hot demand...
MANAGED EARNINGS Critics of Tyco, which has bought hundreds of companies over the years, charge that it inflates write-downs for the costs of its acquisitions, in effect creating stored earnings it can summon at will to pump up quarterly results in a way that makes earnings growth appear to be the result of expanding sales or higher margins. These allegations are "totally inaccurate," Kozlowski says. But those denials aren't persuasive to David Tice, who runs the Prudent Bear Fund and practices short selling, a technique that bets on a stock to fall. He has sold Tyco stock short...
Insurance companies routinely set aside reserves for future claims. Because insurer AIG has posted steadily rising profits for years, some analysts believe the company may over-reserve in good times and use the stored earnings to pump up results in bad times. AIG has said its policy for setting aside reserves is appropriate and fully disclosed in regulatory filings...
Maybe you can only glimpse the soul of a company when it breaks open right before your eyes. But we know now, thanks to Watkins, that Enron hid billions of dollars in debts and operating losses inside private partnerships and dizzyingly complex accounting schemes that were intended to pump up the buzz about the company and support its inflated stock price. We also learned last week that executives at Andersen, the accounting giant that enabled Enron's every move, fretted about the arrangement but saw the chance to double their fees if they just kept their heads down...