Here's another example of how you can turn lemons into lemonade. Everyone, of course, is familiar with MCI and Enron Corporation. The Wall Street Journal, May 2, 2003, reported that those corporations are in the process of collecting or filing for federal income tax refunds because they paid taxes on profits which they falsely claimed they earned.
MCI, for instance, could be getting a refund of hundreds of millions of dollars. A hundred million dollars here, a hundred million dollars there. Pretty soon it could give some help to the creditors. At least they're better off with the refunds than without them.
Today's out-of-the-box fortune cookie: "Unless you purposely think about turning your lemons into lemonade, you probably won't discover that you can actually turn those lemons into lemonade."
Posted by ajlevy at June 12, 2003 3:21 PM