Word: dows
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Mike Biddle hates waste. As a kid, he was forever switching off lights at home to save energy. Years later, while working at Dow Chemical, he suggested that he focus on recycled plastics instead of high-tech composites. "We didn't hire a Ph.D. engineer to work on garbage," one of his bosses told him. When Biddle launched a company to recycle and sell plastic from complex waste streams like junked electronics and automobiles, he says, "a lot of people, including some of my board members, thought I was nuts...
STOCKS. Have you checked your 401(k)? The balance may be below where it was five years ago. But it's moving up. The Dow Jones industrial average has gained 6.5% over the past six weeks, is in positive territory for the year and is within striking distance of its all-time high of 11,723. Fueling the rise: companies are flush with profits, buying back shares and raising dividends. "I don't factor it into decisions like shopping," says Scott Fuselier, 32, a sales manager in Atlanta, of his rising 401(k) balance. "It's so long-term...
...naiveté. But as you can see over 39 episodes (TV seasons, like airline legroom, were more generous then), its picture of child-hood could be tart as well as sweet. When Beaver (Jerry Mathers) is worried that his teacher will hit him over a minor mess-up, Wally (Tony Dow) corrects him: "Only the coach can hit you." Beaver was never edgy, but it packed its own good-natured punch...
...primordial soup of capitalism and corruption. Their war stories have spawned a booming genre of non-fiction, in which the latest entrant is James McGregor's One Billion Customers. McGregor, who went to the mainland as a journalist but changed tracks in 1994 to become the China head of Dow Jones, dispenses his wisdom through case studies?mostly of how things can go wrong. The story of an investment bank created by Morgan Stanley and the China Construction Bank, for example, shows how a clash of cultures can reduce a joint venture to a dysfunctional set of fiefdoms. But McGregor...
...place during Greenspan's widely hailed 18-year tenure. That's just what traders wanted to hear. Stock prices were floating higher already in the wake of some good corporate earnings reports and falling energy prices. But the appointment of Bernanke, 51, fueled more buying in the afternoon (the Dow closed up 169.78 points) and, says Jeff Kleintop, chief investment strategist at investment firm PNC Advisors, "could set up a good fourth-quarter rally...