Word: jagged
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...afford them because they're earning more. European sales of American-size refrigerators are growing 10% a year. And many are sold by U.S. firms. Says General Electric spokesman Terry Dunn: "Americans take big fridges for granted, but in Europe it's like owning a BMW or a Jag." Market research led GE to pitch its offerings to local tastes: stainless-steel finishes for the British and Dutch, warm colors for the Italians, artsy images for the French and Spanish...
Back when Alan Greenspan was Lord of the Boom, parsing his semi-annual testimony on matters economic in front of the House and Senate was usually a pointless exercise. The financial world was like a stockbroker on a cocaine jag - euphoric and volatile and throwing cash around like, well, a stockbroker on a cocaine jag. Greenspan saved his lever-pulling for Fed meetings and put the lawmakers to sleep with boilerplate. The only real payoff to watching was to see how barely Lord Alan disguised his bemusement at the questions posed after his prepared remarks...
...Take the other night. A few minutes before George W. Bush's quasi-State of the Union speech (a speech that was given its inflated status by the networks), 51 million viewers were watching "The Mole," "JAG," "Three Sisters" and "Titus" on ABC, CBS, NBC and Fox. The minute the four networks switched over to the interior of the House for Bush's speech, they lost 15 million viewers. And they continued to lose them during the rest of the speech...
...JAG's bid should be music to Congress' ears. In Senate Judiciary Committee hearings that began Wednesday, many senators are favoring some takeover of TWA, even by American, because of the thousands of jobs at stake, particularly at the dying airline's St. Louis...
...Would selling TWA to JAG instead of AA help matters? The problem with diversity in the airline business, some experts say, is that there's a reason why TWA went out of business in the first place. David Stempler, president of the Air Travelers Association, told the senators that the carrier, solvent or not, would be unlikely to survive...