Ironic Times

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PAGE THREE - JULY 8 - 14, 2002
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BOOKS
New York Times Book Review to
Add More Bestseller Lists

New categories include Kiss-and-Tell, Movie Novelizations, Doomsday Prophecies, and Little-Old-Lady books.
Fossett Will Write About
Successful Solo Balloon Trip
Around Earth on Sixth Try

Working title: "Some People Have Way Too Much Money."
 
NEW PRODUCTS
Brits Invent "Tooth Phone," Giving Your Mother 24-Hour Access to Your Inner Ear
Inventors flee angry mob.
 
SPORTS
President Bush Trades
Sammy Sosa to Texas

Invokes wartime powers; Cubs get lousy player to be named later.
Barry Bonds Restates Last
Year's Home Run Total

Applying stricter accounting rules, number was actually 17.
World Cup Aftermath: Soccer
Gaining in U.S.

Passes bocce, firewalking in popularity.
Baseball Legend Ted Williams Dies
Last player to never use steroids was 83.
Q. What is this "EBITDA" I've heard so much about? - Rick B, San Jose, CA
A. Dear Rick: Good question! EBITDA is literally, "Earnings Before Interest, Taxes Depreciation and Amortization," a way of looking at the performance of a company with significant capital investments to more accurately reflect real potential, or, simply put, a way for corporate thieves and con men to rob their employees and stockholders.
Q. When President Bush was on the board of directors of Harken Energy, didn't they mask $10 million in losses by reporting a profit on the sale of a subsidiary to a group of insiders borrowing from the company itself, after which he sold $850,000 in Harken stock just before its mounting debt was publicly disclosed? - Betty S, Leonia, NJ
A. Betty, this is what is meant by the phrase,
"generally accepted accounting practices."
Q. I've heard that while you were running Halliburton, you listed $100 million in disputed bills as money on hand, which the SEC has forced Halliburton to restate as part of their ongoing investigation. Isn't this illegal? - Bob M, Lexington, KY
A. Bob, I don't have to answer that question.

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