We're better off without the TPP

Are the profits exclusive of taxes?

Before Interest and Taxes.

I mean, these are state assets.

To go to war, to free people from an outside aggressor, is noble

You send men to slaughter for your own gain.

The loan bears an 8 interest.

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.

(Laughter) (Applause)

Our interests clash with theirs.

Minus 500,000.

Nantucket itself, said Mr. Webster, is a very striking and peculiar portion of the

He derived great benefit from the book.

And you could guess what the next line is going to be, given that this says pre tax.

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.

These are the only people who really have, arguably the sophistication and the time and the monetary incentive to really look and scrutinize what management is doing.

Is that the original Victory Bond?

(Laughter)

Kill the goose that lays the golden eggs.

Money lenders are enjoying a profitable period.

Maybe it was 4 , or 3.5 .

A benefit to both our worlds.

I'll just abbreviate that as Nl.

And then they'll say well in the most naive interpretation of things, you net income in theory should be the cash you're getting or at least it's some type of profit you're getting assets in the door or at least you're counting as if you're getting some assets in the door.

But I always dictated in the greater interest of the State

Go ahead, eat.

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

Read the kind of books that are useful to you.

Read the kind of books that teach you something.

Read books that are worthwhile.

And that's my dad found that.

It describes it right over here the change in equity, sometime the change in retained earnings, or just change in equity, that is going to be the 200 in net income that the company got over that time period.

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?

In return on equity, the numerator is the net income that we got, so it's 350,000.

And so you can already imagine that both EBlT and the way I defined it initially, operating profit divided by assets.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

Let me draw this yield curve right over here, so this is maturity on the horizontal axis, and this is yield, and I'm gonna draw the yield curve for treasuries.

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.

France will, of course, keep its military bases in Mali.