Word: shoes
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...CalPERS and others are getting drunk with power--as did brash dealmakers in the power seats of the '80s. Consider this year's losers list, announced last week. Sure, it has some real dogs, such as struggling Apple Computers Inc. and Stride Rite, a worn-out shoe company. But CalPERS also stepped on sneaker company Reebok. This is odd, given that Reebok's stock has doubled in 10 months and beaten the market averages handily in the past year. That's not all: Reebok shares have risen an average annual 29% since the bull market began in October 1990--outdistancing...
...profit and expenses. "We're not making $100 sneakers with slave labor in Taiwan," Mr. Shepard reminded me. Certainly not--the production of Xeroxes of Voltaire's letters for Harvard students in Winchester, Mass. by a well-paid staff isn't really comparable to the practices of particular shoe companies. We accept Mr. Shepard's point, even if it is not entirely clear, but his earnest "We try to do the very best we can" quite sold...
...laughs don't always fall on the side of the angels. And speaking of demeaning racial stereotypes, the current issue includes two cartoons dealing with the supposed largeness of African-American penises and a curious TV spoof in which The Nanny's Fran Drescher "paints her butt with shoe polish. Then she sits on her big, black ass and collects [welfare] checks. Hilarity ensues." Well, maybe. But not in The People vs. Larry Flynt, which turns a blind eye to this recurrent aspect of the Flynt oeuvre...
Chronically understaffed and underfunded, the U.S. Centers for Disease Control was the first branch of the medical establishment to take AIDS seriously. Doing basic shoe-leather epidemiology, the CDC staff followed every clue that might lead them to the source of contagion. No one worked harder than Dr. Guinan, an expert on sexually transmitted diseases, who interviewed dozens of men, women, drug addicts and prisoners, asking the most personal questions about their sex lives. Their stories convinced her that the infection was transmitted sexually and intravenously, and she immediately set about trying to sound the alarm...
...dreads sending Congressmen overseas because they can be loose cannons in sensitive negotiations. Even Richardson has been known to commit a diplomatic faux pas. During his Baghdad meeting with Saddam to free Daliberti and Barloon, the Iraqi leader stormed out briefly when Richardson crossed his legs and showed his shoe sole--a sign of disrespect in Arab culture. "We connected because I was honest and tough,'' says Richardson. "I didn't apologize, even when I crossed my legs...