| BOOKS |
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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. |
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Fossett Will Write About
Successful Solo Balloon Trip
Around Earth on Sixth Try
Working title: "Some People Have Way
Too Much Money." |
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| NEW PRODUCTS |
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 Brits Invent
"Tooth Phone," Giving Your
Mother 24-Hour Access to
Your Inner Ear
Inventors flee
angry mob. |
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| SPORTS |
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President Bush Trades
Sammy Sosa to Texas
Invokes wartime powers; Cubs get lousy
player to be named later. |
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Barry Bonds Restates Last
Year's Home Run Total
Applying stricter accounting rules,
number was actually 17. |
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World Cup Aftermath: Soccer
Gaining in U.S.
Passes bocce, firewalking in popularity. |
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Baseball
Legend Ted Williams Dies
Last player to never use
steroids was 83. |
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| 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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