at 16:19 7-11-01 -0500, Kevin Tarr wrote: >Heck even my beloved Yankees claim that they are losing money. Yeah >right.
Maybe they are, but that depends on how they define "losing money". IMO, you "lose money" when your expenses exceeds your income. The business world however seems to look at it differently. If a company makes $100 million in profits in year #1, and makes another $90 million in profits in year #2, they do not claim they "earned 90 million in profits" in year #2, but made a $10 million loss. Jeroen That's the way that governments say they lose money. The sports teams say they are losing money each year the old fashion way....but everyone gets their salary of course. Kevin T.
