Word: loss
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Dates: during 1990-1999
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...blow-up. Now what? Do you lie there inert, screaming "Where's the rest of my stock?" Nah. In the trenches of capitalism where I toil, one of these high-explosive blow-ups hits me monthly, obliterating any hope of a quick profit, or perhaps producing a staggering unrealized loss. IBM, Xerox, Unisys and Lexmark have all detonated recently. First, take heart. You aren't the only one dumb enough to bet on a great company during a period of unsettling sales growth and a Fed turned hostile to higher stock prices. If you haven't taken...
...next thing you do is find out why the company failed to meet expectations. If you read anything about accounting irregularities being behind the disappointment, then you pick up the phone, or go to your computer, and turn that unrealized loss into a realized loss, pronto. My rule is simple: companies nailed or fessing up for bogus numbers can't be owned. Many never come back. Waste Management, HBO McKesson, Sunbeam--these were all worth booting the moment the accounting problems surfaced. Don't try to rationalize or waffle. Just...
DIED. PAYNE STEWART, 42, pro golfer and winner of this year's U.S. Open; when his Lear jet crashed in South Dakota, possibly after a loss in cabin pressure (see story, page...
When a great person leaves us, we know we can't replace him, and we know we have suffered the loss in a very personal way. JOHN CHAFEE and I worked together on the Senate Intelligence and Finance committees and were members of the bipartisan Centrist Coalition, which set party affiliation aside to work on issues such as health care, taxes and the budget. Before that, at the age of 19, after the U.S. was drawn into World War II, John enlisted in the Marine Corps. He had to fight, among other places, in one of the bloodiest battles...
...matter of productive capacity. Mass production of meat has also become a staggering source of pollution. Maybe cow pies were once just a pastoral joke, but in recent years livestock waste has been implicated in massive fish kills and outbreaks of such diseases as pfiesteria, which causes memory loss, confusion and acute skin burning in people exposed to contaminated water. In the U.S., livestock now produce 130 times as much waste as people do. Just one hog farm in Utah, for example, produces more sewage than the city of Los Angeles. These megafarms are proliferating, and in populous areas their...