Word: rite
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...stupidity of the whole scandal goes without saying. Like it or not, hazing is a rite of passage for many college organizations. Those Vermont seniors who were getting their jollies watching their naked rookies, probably assumed the Dumbo position in their first season...
...same time, Rosenthal says "many people see binge drinking as a rite of college. Afterwards, and many even during college, turn to healthy living...
...Stravinsky premieres his ballet The Rite of Spring in Paris, setting the audience into a riotous frenzy with his rhythms--violent syncopation, sudden changes of meter, "barbaric" repetitions--subverting everyone's expectations for a predictable and reassuring beat. We are but a moment from Wozzeck (1925) and on the way to banishing tonality itself from opera...
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...
Though he'll continue to modernize older stores, Miller says he'll significantly slow the frenetic pace of expansion and cut back the company's costly advertising blitz. Rite Aid has rescheduled $2.7 billion of its debt, and before long, it should announce a deal to sell PCS. As for the underperforming, oversize stores on the West Coast, Miller insists he will rejuvenate, not unload them. Wall Street announced a measure of approval: Rite Aid stock closed at $11.50, up about $3 for the week. And with baby boomers and senior citizens fueling a boom in prescription drugs, Miller...