Word: caterpillars
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Dates: during 2000-2009
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...fast-food giant is trying to attract attention to the demolition of one of its 30,000 outposts. In a Chicago suburb just a few miles down the road from corporate headquarters, the head of McDonald's USA hired a band and had balloons strewn about before a Caterpillar backhoe clawed down the walls of one of the company's older locations. After 24 years, the Hinsdale branch, like the rest of McDonald's, looks a bit tired and frayed at the edges. In a few months, it will be replaced by something that looks more like a historic...
BASIC INDUSTRY This highly cyclical group includes Dow Chemical, aluminum producer Alcoa, rubber company Goodyear Tire and metal benders like Caterpillar--outfits that make what sells well in an economic recovery. Because their earnings are volatile, a better way to value such companies is by looking at sales, says John Manley, market strategist at Salomon Smith Barney. Over the past 30 years, he says, this group has traded at a 10% discount to the price-to-sales ratio (price per share divided by sales per share) of the S&P 500. The discount today...
...huge bulldozer out of what was once a narrow alley. It leads to a place where gunmen and tanks forged a new, terrifying chapter in the long wars of the Middle East. The alley was just three feet wide before the Israeli army sent its heavily armored Caterpillar D-9 down what is now a rutted track; as you walk along it, up a mild gradient toward Hospital Street, your feet raise little puffs of dust from the rubble of what were once concrete homes. The path is covered with the litter of war--broken sea-green ceramic tiles...
...snagged a tripwire. Some of the bombs were huge--as much as 250 lbs. of explosives, compared with the 25 lbs. a typical suicide bomber uses. On Day 2 of the battle, when the town had been secured but the fight in the camp was just beginning, a huge Caterpillar D-9 bulldozer rolled along a three-quarter-mile stretch of the main street to clear booby traps. An Israeli engineering-corps officer logged 124 separate explosions set off by the vehicle. In the camp, the explosive charges were even more densely packed, and tunnels had been dug between houses...
...while to figure out what I wanted to do when I grew up," she says. Others take time off but maintain close connections to their former jobs, to ease their eventual re-entry into the working world--or simply to avoid going insane after reading The Very Hungry Caterpillar for the 2,000th time. A former saleswoman in the distribution department at the movie studio DreamWorks, Gioconda Mitas, 31, was the first of her work friends to have a baby, three years ago. Once a week, she dresses up and drives from suburban Granada Hills, Calif., to have lunch with...