The Five Dumbest Things on Wall Street This Week

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The Five Dumbest Things on Wall Street

02/22/08 - 06:11 AM EST

Marek Fuchs

3. Some Coffee in Your BUD

When that Friday drunkenness Anheuser-BuschBUD and Miller Brewing encourage so often hits its preferred level at around 9 o'clock every Friday evening, who doesn't think to themselves: Boy, I'd like a caffeine jolt.

That is why Anheuser-Busch and Miller took it on the chin this week for a product innovation dumb enough to be tagged with a diagnosis for schizophrenia: beer and caffeine. That's right, folks, the nation whose mark of greatness had been combining peanut butter and chocolate to create a marketing juggernaut has now in its long march toward irrelevancy been reduced to this: mixing what dials you down with what dials you up.

Beer, which blessedly makes you fall at your own feet, infused with caffeine, which makes you hop through life scratching at your own skin. I am not impressed by this conflict in a bottle. How can red-blooded Americans drown their recessionary sorrows in peace?

Fortunately, authorities, apparently sensing that this concoction can send our impressionable youth to hell in a basket (actually, beer barrel) were roused to action. This week we learned that the worthy attorneys general of several states have asked -- nay, demanded! -- documents from the beer companies about how these drinks are marketed. They are worried about the caffeine element enticing kids, but from my blurry vantage point on the couch, I'm just worried about the many adults who, with an unneeded jolt, will be forced to find another escape hatch to life.

Dumb-o-meter score: 82. This raises a deep philosophical question. If I wanted to be animate, wiggy and full with antic fervor for life -- well, why would I drink in the first place?

At the time of publication, Fuchs had no positions in any of the stocks mentioned in this column.

Marek Fuchs was a stockbroker for Shearson Lehman Brothers and a money manager before becoming a journalist who wrote The New York Times' "County Lines" column for six years. He also did back-up beat coverage of The New York Knicks for the paper's Sports section for two seasons and covered other professional and collegiate sports. He has contributed frequently to many of the Times' other sections, including National, Metro, Escapes, Style, Real Estate, Arts & Leisure, Travel, Money & Business, Circuits and the Op-Ed Page. For his "Business Press Maven" column on how business and finance are covered by the media, Fuchs was named best business journalist critic in the nation by the Talking Biz website at The University of North Carolina School of Journalism and Mass Communication. Fuchs is a frequent speaker on the business media, in venues ranging from National Public Radio to the annual conference of the Society of American Business Editors and Writers. Fuchs appreciates your feedback; click here to send him an email.


Life & Money

The Five Dumbest Things on Wall Street This Week

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