Word: bulks
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Chukumba suggests that Office Depot merge with competitor Office Max in order to bulk up for the battle against Staples. He believes cost-cutting has hurt service, a problem that should never be dismissed. (For example, poor service contributed to Circuit City's demise). "Every time I go into an Office Depot," says Chukumba, "I see out-of-stock merchandise. To me, that indicates you don't have enough people...
...their bid been successful, they would have retained half the space as a newsstand and changed the other half into a souvenir shop whose sales would have made up the bulk of their revenue...
...where are you investing now? We were in defensive stocks all last year, and that's still the bulk of our portfolio. Johnson & Johnson, Kraft, Pfizer, Microsoft - a lot of stocks that have great positioning in the market, really strong balance sheets to weather problems, stable top line. Those sorts of stocks have stability in down markets, though that stability hurts you when things start taking off. Around the edges now, in October and November, we started adding some more aggressive names, like some of the oil guys which bounced real hard. We bought Anadarko. We bought Valero...
...which had a target of 450 ppm. (The current concentration is 385 ppm and rising fast, up from a pre-industrial level of 280 ppm.) That would require action that is far more ambitious than currently seems possible - both in the U.S. and in the developing world, where the bulk of new carbon emissions will come. Even under Obama, the politics of climate change isn't keeping up with the science...
...Actually, Obama was resisting in the name of balance: the bulk of his proposed stimulus package will probably go to short-term fixes - his promised $300 billion in tax breaks for the middle class, $200 billion in aid to cities and states, benefits for the poor and unemployed. Even so, aides say, most of Obama's attention has been focused elsewhere - on the long-term stimulus projects, the larger transformations in the economy, the health-care system and foreign policy. Quietly, the Obama transition team reviewed every government agency "to find out which specific programs were working and which weren...