Word: discounts
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Eduardo Castro-Wright could see the problem instantly. One of his first exercises as the newly appointed president of Division No. 1, the highfalutin internal designation for Wal-Mart's 3,500-unit domestic discount chain, was to map every underperforming store in the country. Most of the worst were clustered around big coastal cities like Boston and Los Angeles. As he toured those stores, Castro-Wright could sense they weren't connecting with their neighborhoods. And neither were the managers--they weren't in Arkansas anymore. "You'd talk to managers and they...
...Might Overtakes Right Samantha Power observed that U.S. policies and actions since 9/11 have diminished the country's human-rights appeals for action in places like Darfur and Burma [Oct. 22]. I don't mean to discount the recent evaporation of the U.S.'s moral authority, but it has been decades since the U.S. or any other nation could effect change based on rectitude. During the cold war, our influence was directed to opposing the Soviet Union, regardless of the dictators we might back toward that end. Ruling élites have lost their moral compasses because they have been blinded...
...destruction of Western civilication and any semblance of human decency. But what happens when the “cheater” is someone on our favorite team next? What happens if it turns out to be all of them, even those we like to consider angels? Should we then discount professional sports as a complete and utter fraud...
...countries are today better capitalized and better managed than they were 10 years ago, helping to justify valuations that are more on par with companies in developed countries. In fact, some emerging-market sectors look very cheap. Manufacturers of technology products, such as computers, are trading at an average discount of almost 20% to their industrial-country peers, even though they enjoy significantly higher earnings growth. No bubble there. Nor is there a bubble in South Korea, where the average P/E based on projected earnings is less than 12, nor is there in Turkey, where the average...
...having the courage to tell our newly elected university president, as she entered the position with the most influence on undergraduates at this College, how we feel, he was not just doing the right thing. He was doing his job. It’s easy to discount an idealistic speech because of the timing or place...