Word: write-offs
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For Chase Manhattan, the impact of the default was plain enough. After an impressive five-year string of earnings gains, the third largest commercial bank in the U.S. was confronting the biggest single loss in its history. Still unable to explain fully how the bank's bond trading department...
Nonetheless, American banks are not Poland's leading creditors. That dubious distinction goes to West German financial institutions, which are owed at least $2.7 billion. The largest single lender is the Bank für Gemeinwirtschaft, with a total of about $310 million in Polish credits outstanding, followed by...
Still, the sweeteners amount to more than a jar of jelly beans. Some were a shade outrageous. Rostenkowski, who has been saying that the G.O.P. version favors Big Business and wealthy individuals, protected a tax write-off for some 2,500 commodities dealers who straddle the market through offsetting buy...
As NBC president, Silverman was responsible for much more than prime time. There were affiliates to woo, newsmen to mollify, boardroom games to play. "Silverman tried to be a one-man band," notes Perry Lafferty, NBC's senior vice president of programs and talent on the West Coast. "But...
Vickery said the owners of the property agreed to surrender it because the project will increase the value of their remaining holdings and because they will use the donation as a tax write-off. ...