Word: greyhounds
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...anyone invest in MoneyGram? Even before the company was rejected by other buyers, some of MoneyGram's biggest agent networks were fleeing. "It was like a piece of merchandise that didn't move, so we dropped it," says Tom Dingledy, spokesman for drug-store chain Revco D.S. Another defector, Greyhound Lines, struck a deal with, you guessed it, Western Union. Could MoneyGram carve out a niche and survive? Sure. But what are the odds it will really flourish? And at the proposed IPO price of $16 a share, or 21 times earnings, it isn't even cheap. But then...
When I ask about attendance, though, he's terse. "It's dreadful, the greyhound industry is going through its absolute worst times." Before I get a chance to prompt him, he's blaming Foxwoods and Mohegan Sun. They definitely siphon off business, he says, particularly among young people. "When greyhound racing came on the scene, it was one of the only legal forms of gambling," he explains, "but now our customers are dying off, and there's no one to replace them...
Democrats like Bentsen have another problem. Special elections, and particularly one in the Christmas season of a year when many voters are disconnected from the campaign, usually favor the superior organizational skills of Republicans. "We'll have to hire Greyhound buses to get people to the polls," sighs Democrat Tony Proffitt, a Texas political operative...
Indeed, Cubas, who is going to Atlanta next week, has been quoted as predicting he might need a Greyhound bus for all the Cuban athletes. More significantly, all Atlanta Committee for the Olympic Games officials and security personnel have been briefed by members of the Immigration and Naturalization Service on what to do in case a Cuban, a North Korean or an Iraqi asks for temporary asylum. (Basically, they were instructed to isolate and protect the Olympian until an ins representative arrives on the scene.) And at the boxing venue on the Georgia Tech campus, officials were fully expecting...
...That Greyhound-bus quote was taken out of context," says Cubas, "but I do expect something to happen in Atlanta. At one time or another, I have talked to every member of the Cuban team. I try to educate them first, help them make their decision. If their decision is to leave Cuba, then I'll be there for them." Even on the Cubans' recent swing through the South, Cubas could be seen lurking behind their dugout. Rick Lawes, who covers amateur baseball for USA Today, recalls a memorable image from the U.S.-Cuba game in Columbia, South Carolina, which...