Word: grass
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Dates: during 1990-1999
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...enjoying record profits, the nation's second largest drugstore chain is saddled with billions of dollars in debt and caught in the crosshairs of an SEC investigation into its questionable accounting practices. For months the bad news has been relentless: In mid-October the board forced out CEO Martin Grass and announced that pretax profits for the past three years would be revised downward by $500 million. Then just before Thanksgiving, the chain's longtime auditor, KPMG, bolted after refusing to re-examine its client's books. Says Edward Comeau, an analyst at Donaldson, Lufkin & Jenrette: "This was a house...
Still, Miller inherits a case study in the perils of trying too hard to please today's growth-hungry stock market. As the drugstore industry has consolidated into a few dominant national chains, Martin Grass (son of Rite Aid founder Alex Grass) nearly doubled the number of outlets, buying independents and refashioning smaller locations into 10,000-sq.-ft. convenience stores. That kind of real estate doesn't come cheap. In 1996, Grass shelled out $1.4 billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems...
...concerned that the grass on our side of the fence be as green as we can make it" Knowles said...
According to Grass, "literature has an explosive quality at its root, though the explosions literature releases have a delayed-action effect...How long did it take the European Enlightenment from Montaigne to Voltaire, Diderot, Kant, Lessing and Lichtenberg to introduce a flicker of reason into the dark corners of scholasticism?...But when the light finally did brighten things up, it turned out to be the light of cold reason, limited to the technically doable, to economic and social progress, a reason that claimed to be enlightened but that merely drummed a reason-based jargon (which amounted to instructions for progress...
...what I find most questionable in Grass's interpretation of history is the very old and very false notion that our current problems are the legacy of the Enlightenment, that they are the fault of "cold reason," and that somehow the program of the Enlightenment has proven a failure. We've heard this before, from Romantics like Goethe and Blake and even from contemporaries of the Enlightenment like Rousseau. We've heard it from the extreme right (from Goebbels, for instance, and from Heidegger, who championed Nazism) and from the left (from Sartre and neo-Marxists like Adorno and Habermas...