Word: steels
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Andrew Carnegie was another poster boy for nondiversification. He advised putting all your eggs in one basket--"then watch that basket." Carnegie's eggs were made of steel. Fast-forward to today, when average workers have become rich at Microsoft and Dell by loading up on their employers' stock (thus the Dellionaires). Bill Gates' portfolio is still overwhelmingly Microsoft. Bad planning, Bill. And how about the folks who retire from Wal-Mart and can shop at Tiffany because they bought Sam Walton's stock on the cheap? One stock. One company...
Bottom line? They're my children, and I love them all, but it's still Leatherman by a needle nose. Why? Better engineering. The parts fit perfectly, the locking mechanism is simple but effective, and the blades are top-quality high-carbon steel--the saw really saws, and I know from experience that the blades hold their edges over time. So when the unexpected comes along, you'll be prepared, diamond-coated file, wire stripper and lanyard attachment at the ready. Batman always is. Hey, we all have dreams...
...still hidden in the house. His nasty surprise is that the house is occupied; he thought the house was still being held in escrow, which would keep it empty longer. The Altmans' nasty surprise is that the loot is hidden in the eponymous Panic Room, the house's steel-encased, supposedly impenetrable retreat of last resort...
...Paris, Galeries Lafayette has renovated its food department, Lafayette Gourmet, to include not just Le Chênevert, but also Le Bar Rouge, a sleek bistro with stainless steel communal tables and a blackboard menu offering grilled fish, sausages, salads and hearty soups to a business lunch crowd. Not to be outdone, rival Le Printemps has introduced several new restaurants, including The World Bar, decorated by designer Paul Smith, and Bar 01, which is staying open until 10 p.m. on Thursday evenings hoping to keep young shoppers inside the store. "If there is a good restaurant, customers will stay...
...Steeled Nerves European Commission President Romano Prodi announced a package of tariffs designed to protect European steel producers in the wake of surcharges decided by the U.S.E.U. tariffs of between 14.9% and 26% will apply only to imports beyond a certain quota and will be in effect for six months. Imports from developing countries will be exempt. "Unfounded, unnecessary and unfair U.S. action has forced us to take temporary steps to look after E.U. industry and E.U. workers," said trade Commissioner Pascal Lamy. E.U. officials said they feared a 15 million-ton surge in steel imports blocked by planned...