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...income. Other factors—such as the peculiar accounting treatment of stock option compensation, differential treatment of overseas income, subsidiary income and pension obligations—account for large amounts and a large fraction remains unaccounted for. With the growing globalization of firms and the demographic twist we are working through continuing unabated, these wedges (and consequent discretionary opportunities) are clouding the true picture of how firms are actually performing. As such, enforcing uniformity would reduce uncertainty over what true profits are thereby furthering the interests of unsure investors, tax authorities and firms...

Author: By Mihir A. Desai, | Title: Reading Off the Same Page | 5/4/2003 | See Source »

...woman, and will premiere in May. Last Sunday, the would-be stars gathered at News 24/7, a hip restaurant in the Financial District, in an atmosphere that was suprisingly relaxed. Their first task was filling out a form reminiscent of college applications, only with a romantic twist. The reality show prospectives then participated in a group interview with an NBC casting manager. No decisions were made that day.Most of the participants took the possibility of rejection in stride. Jeanne, 31, a one-time model, has a laid-back attitude. “I’m just going with...

Author: By Jannie S. Tsuei, | Title: In All The Wrong Places | 5/1/2003 | See Source »

...sparks excellence like competition. Substandard products get weeded out, inefficient firms go bankrupt and better goods get produced. But not everybody likes competition. Bureaucracies often fight to defend substandard products by insulating themselves from competition. At Harvard, the age-old impulse to avoid competition has just taken an ironic twist: members of the Economics Department, that bastion of free-market fundamentalism, voted on April 9 to prevent one of their own from offering an alternative...

Author: By Samuel M. Simon, | Title: A Lesson in Monopoly | 4/22/2003 | See Source »

...into a bad habit back in the fall when it was still sore, keeping my weight way back and pushing off,” Klimkiewicz said. “I wasn’t getting any twist on it because I was taking my whole body out of the swing. I developed some muscle memory into that, so I watched myself on video to figure out what I was doing wrong...

Author: By Martin S. Bell, CRIMSON STAFF WRITER | Title: Floridian Freshman Warms To Cold | 4/21/2003 | See Source »

...world. It was nominated for best humor publication. In a completely different vein, Junji Ito's "Uzumaki," an English-translated series of fat Japanese manga books, is a really interesting horror comic about a town whose residents suddenly discover their lives are plagued by spiral shapes. Their bodies twist into snail shells and those who try to leave get returned back again. On the more serious side it was a great pleasure to find Madison Clell's "Cuckoo," an intense graphic album that collects her very hard to find series of the same name. In it she details her experience...

Author: /time Magazine | Title: ...Just to be Nominated | 4/18/2003 | See Source »

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