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Some think it's the plan that needs a fix. Among them is the White House Office of National Drug Control Policy (ONDCP), already rankled by a small supervised heroin-injection site in Vancouver and by Canada's plans to decriminalize possession of small amounts of marijuana. ONDCP policy analyst David Murray calls the prescription-heroin study a mistake. "There's a large moral-hazard question here about a government undertaking to become the official dispenser of addictive substances," Murray says. Even proponents of such schemes note the ethical land mines. "I don't think anyone is arguing that heroin...
...waiting for a market shakeout. California-based AuctionDrop, one of the biggest operations in the U.S., recently closed four of its five stores, shifting focus to drop-off points inside parcel-courier UPS' stores. That might not be the best move, says Scott H. Kessler, an Internet retail equity analyst at Standard & Poor's in New York City, suggesting that UPS employees "don't really know a heck of a lot about the AuctionDrop service." Regardless of who's running it, the eBay drop-off business is in Europe to stay. Satisfied with her regular forays into the eBay world...
...operators, Texas-based SBC Communications - one of the Baby Bells born of that breakup - last week agreed to buy AT&T for $16 billion. One possible reason: building international business. AT&T has pulled together a network of lucrative and loyal international business clients, points out Tim Dillon, principal analyst of European telecom services for Virginia-based Current Analysis. SBC, whose name is little known outside the U.S. , has dumped stakes in a string of European telecom operators over the last two years. So while SBC cheers the prospect of extending its reach, Dillon suggests it's all about...
...confidence in the A380. In an interview last month, Boeing's Stonecipher pointed to another European government-backed plane that never made a profit and has been grounded. "The A380 is a great engineering success, but so was the Concorde. The A380 could be a market disaster," he said. Analyst Richard Aboulafia of Virginia's Teal Group agrees: "Airbus bet wrong on the A380, and the 787 is a major competitive threat...
...company has only two types of aircraft (the 777 and the 737) that are selling well, and last month it said it would stop making its 717. "If Boeing doesn't make the 787 a success, it has no more trumps in its hand," says Ulrich Horstmann, an aerospace analyst with Bayerische Landesbank in Munich. Don't think Stonecipher isn't aware of that. He recently approved the firing of the head of Boeing's sales team. Stonecipher admits that his company has been overconfident in the past but says he sees the same trait among the Airbus troops: "Arrogance...