by Source
04.09.2012
Business
Editor: If you’re asking yourself how could SeaWorld have a banner year in 2011 with record earnings for the company, and yet pay not one nickle in taxes, you’re on the right track. Doug Porter’s First Cuppa this morning turned us on to what article most newspapers in this country ran about the SeaWorld financial saga, which is reposted below. The U-T San Diego ran a similar but different article. Can you find the differences?
For SeaWorld, record earnings and no income tax
McClatchy/Tribune / Originally published April 4, 2012
ORLANDO, Fla. _ SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its U.S. theme parks. Earnings set a company record.
But SeaWorld won’t have to pay a dime in federal income tax. It will not have to pay any Florida corporate income tax, either.
Thanks to big tax deductions for capital investment and interest payments, SeaWorld’s record 2011 will actually go down as a loss for tax purposes.
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by Jim Miller
04.09.2012
Culture
Having emerged from the season opening series against the hated Dodgers with no beer or blood stains on my jersey, I thought a few observations on the nature of watching baseball were in order as we amble toward the sweet days of summer, win or lose.
In William Carlos Williams’s fine poem “The Crowd at the Ball Game” he notes the beauty, love, and menace of the crowd:
The crowd at the ball game
is moved uniformly
by a spirit of uselessness
which delights them —
all the exciting detail
of the chase
and the escape, the error
the flash of genius —
all to no end save beauty
the eternal -
So in detail they, the crowd,
are beautiful
for this
to be warned against
saluted and defied —
It is alive, venomous
it smiles grimly
its words cut —
The flashy female with
her mother, gets it —
The Jew gets it straight –
it is deadly, terrifying —
It is the Inquisition, the
Revolution
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