We expect rapid growth of the utilities sector.

The copyright industry is digging a grave for the internet.

So what they do is, they create a corporation.

He derived a lot of profit from the enterprise.

His business returned a good profit.

Ten percent of all future profits from his solo venture.

The money is actually backed by people's mortgages.

Get out your pocketbooks, and remember it's all for charity.

Minus 500,000.

So now we add an interesting line.

Let's call it national e markets, NEMs for short.

You have situations, for instance, in France where president Sarkozy tells the CEO's of Internet companies,

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

So now look at the different lens.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

And that's because they have the same exact asset.

This is really important to pay attention to, because so many people say, oh, a company made this much.

And we add back the interest, at least in this example, we get to an operating profit number.

That just took off. People really responded to that.

And so the Investment Bank could then sell shares.

And we do it in three ways.

That's right,spe. Special purpose entity.

This was interest. This was non op income.

And then I was left with 1 million.

Spe stands for special purpose entity.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

We're better off without the TPP

And these metrics will tell you that.

And I'll write the common acronym in there, COGS.

Red drew me into this little composition, optimistic to me in the sense that maybe the public service's mailbox, door service, plumbing.

They allotted the profits fairly.

So I stick them all inside of that.

And some of them will default,some of them won't.

It wasn't considered an honor, it was a public service.

Peter The greatest benefit to all.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

And then if that house is sold for 500,000 because the property value went down, then the recovery would be 50 .

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

The work we're doing will provide cover for others to come out.

It's a special interest group?

And the second is very counterintuitive you can get the best people in the world.

So now everyone is going to, essentially all their mortgage payments are going to be funnelled into this entity.

And it's important to think about how the money's flowing.

And let's say, assume if I inherited this million dollars, I didn't finance it.

This would mean a harder life for most.