1. Blame It on the RainWhen it comes to the subtle connections between publicly traded companies and the world around them, there's one thing you can depend on: When business is bad, someone will always blame the weather. That's the problem with the weather, apparently. It's never quite as hot or as cold or as dry or as wet as you expect it to be. How's anyone supposed to run a business when this weather thing is so unpredictable? This week's big complainer is Wal-Mart ( WMT). On Monday, the Arkansas-based retail colossus
|Weather Socking Tales |
Corporate financial press releases alluding to "unseasonable" weather
|*Estimate, based on mentions through 6/30/04. |
Source: Business Wire and PR Newswire, via Factiva
2. Fed in Mouth DiseaseThis week, the Alan Greenspan Award for Clarity of Financial Expression goes to (drum roll, please) Alan Greenspan! -- plus all the other wacky folks at the Federal Open Market Committee. In a fit of self-parody, the FOMC issued this statement, among others, as
|Garbled Greenspeak |
Al has a language all his own.
3. Strike Three, and You're OutPretend you're a bankrupt airline, and the Air Transportation Stabilization Board
4. Retire When You Are Ready, GridleyLast week, you may recall, we puzzled over
|Prioritizing Life's Priorities |
Retirees can have their cake and eat it, too.