Word: nets
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Dates: during 2000-2009
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Hillel had $8.2 million in net assets as of June 30, 2007, according to its most recent publicly available tax filings. That year, Hillel took in nearly $3 million in total revenue while fielding nearly $2 million in expenses...
...with the estate's current net worth north of $200 million and likely to spew cash forever, the vultures will circle ever lower; expect the convergence of cash and carrion. The will is sure to be contested. However sad the child-molestation cases were, the battles over the Jackson fortune, and the allegations that are sure to surface, will be uglier still. (Read "Remembering Michael Jackson on Twitter...
...gory details. "Our wallet is empty, our bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the gaping political divisions over what to do about it. Democratic lawmakers have proposed cutting billions of dollars from the state's safety net and educational system to balance the budget. Governor Schwarzenegger says the cuts must go even deeper and joins legislative Republicans in refusing to raise taxes. On Wednesday, Schwarzenegger said, "Haven't we promised too much the last couple of decades?" (See pictures of the recession...
...patterns of dialogue and influence among the Justices evolve over years rather than weeks. Whereas outgoing Justice David Souter has an established relationship with Kennedy, Sotomayor is starting from scratch. So until Sotomayor settles in with her new colleagues, Souter's departure and her arrival may represent a net loss of liberal influence rather than a gain...
...Recruiters are likewise admitting to better vibes. "We're starting to see some of those famous green shoots," says Peter Felix, President of the Association of Executive Search Consultants. The $11 billion executive search industry took a dive in the first quarter of the year, with average net revenues tumbling 38% from 2008. But now that things have hit rock bottom for headhunters, they're seeing companies once again ask for help in filling crucial top spots. "There's a limit to how long you can hold your breath," says Felix. "Things are beginning to ease up a bit. Companies...