Word: depotism
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...plunged 379 points Thursday on one word: oil. (OK, oil and Home Depot's earnings report, but let's not split hairs.) With U.S. sailors dead in a likely terrorist attack on a Navy ship in the Persian Gulf and Israel bombing Palestinian headquarters in retaliation for a Palestinian lynching of Israeli soldiers (and with Iraq threatening to suspend crude production in some wacky euro-support blackmail scheme and Venezuela mired in oil-labor troubles) there was only one commodity scarcer than confidence Thursday, and that was black gold...
...other hand, populist though you be, you don't entrust your life savings to a friendly guy named Bud whom you met this morning at the bus depot. You prefer men named Calvin who work in buildings with pillars...
...stock picks. Bethany lost the contest but discovered a knack for choosing stocks by virtually "earning" a 14% return. Typical of market-savvy children, she has an astute eye for the world around her. She won a national essay contest, advising Stein Roe's portfolio managers to buy Home Depot. A store with a jam-packed parking lot, she reasoned, was likely to have a bright financial future...
...Which brings us to the biggest storm cloud out there: The economy, is she slowing too fast? Formerly high-flying retailers - Gap, J.C. Penney, Target, Home Depot, and Wal-Mart (yes, Wal-Mart) - have been getting downgraded by analysts and dumped by investors, as profit warning after profit warning comes out. When this consumer-driven economy cools, it's the malls that feel the pain first...
...save Social Security, and wondered whether, if we went out and talked to a bunch of voters, they would be concerned about the same things the candidates are talking about. In a country where travelers lament that every town looks the same--Where's Taco Bell? Where's Home Depot?--it's easy to assume that no region is really distinct anymore. We're all online now, and even in Baton Rouge, La., the local doyenne observes, the kids don't say y'all anymore. They say, "you guys," just like...