PUMA has 2.7 billion dollars of turnover, 300 million dollars of profits, 200 million dollars after tax, 94 million dollars of externalities, cost to business.

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

But here you see it means very, very different things.

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.

Our interests clash with theirs.

Minus 500,000.

They're generating the operating profit, and that's a very important thing to realize in the future when we talk about return on assets.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

Kill the goose that lays the golden eggs.

A benefit to both our worlds.

I'll just abbreviate that as Nl.

Go ahead, eat.

And when people talk about earnings of a company, this is what they're talking about.

We call upon the world leaders that all the peace deals must protect women's and children's rights.

And that's my dad found that.

Look, this C.D.C. thing, Lori, it's a mistake.

But what do you do when the two come into conflict and you're forced to make a decision that either is in Britain's interest, or the interest of Britons, or citizens elsewhere in the world?

Now we can do another notion, and that's return on equity.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

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

I'm perfectly sober. Charming simplicity.

Planning stuff.

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.

This is 350,000 of net income.

Why make this thing?

All the profits go toward Phillip's hospital bills.

That's all taken care of.

The taxes will be 153,000.

I'm not a charity commissioner.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

It's also important to think about what the benefit is.

So now look at the different lens.

Peter The greatest benefit to all.

It was Mundt who took one crucial precaution while the British, with Fiedler's aid, planned his murder.

So we worked on improving the productivity of the operations and the supply chain, and went to a low margin, high volume, absolutely certain payment business.

He said that in England, the principal architects of government policy are merchants and manufacturers and they make sure that their own interests are most peculiarly attended to, however, grievous the impact on others, including the people of the England, but of course far worse of those who are subject to what he called the savage injustice of the Europeans.

Science comes first, but business comes a close fucking second.

In other words at some point when we've recovered we go up to the peak.

Works antifraud for Naval Procurement.

It is to his advantage.