Word: stockely
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...There is no shortage of stock, and nothing goes to waste. Oxfam receives around 150 tons of clothes each week, which are typically sold at the shops that receive the donations. That's why the designer boutiques are expected to work best in posh areas. "Like attracts like," Farquhar explains. Clothes deemed unsuitable for sale at individual shops end up at Oxfam's "wastesaver" operation in Huddersfield, north England. From there, some are sold via Oxfam's online shop, while others are sold in bulk to dealers in developing countries. Clothes that are completely unwearable are shredded and sold...
...merger with potentially historic implications for the communications and entertainment industries, Bell Atlantic Corp. announced it would acquire Tele- Communications Inc., the nation's largest cable-TV operator, and its cable- programming affiliate, Liberty Media. The resulting company could dominate the ''information superhighway'' of the future. The complicated stock transaction is valued at $21.4 billion...
...SWFs, on the other hand, control more than $3 trillion, an amount that is growing rapidly. That money needs a home, and the weak U.S. dollar presents foreign investors with opportunities to put it to work by snapping up "bargains" like the Chrysler Building and Citigroup stock. But after turning to SWFs in their hour of need last winter, will U.S. and European officials be willing to do so again...
JUNE 26 IndyMac stock dips below $1; Senator Charles Schumer warns of a possible collapse...
...some extent, every economic transaction is psychological. There's no inherent value to a house, a stock or even the U.S. dollar--just the value on which a buyer and seller can agree. IndyMac bank failed because of a perception that it was dangerously overextended. Once the panic began, the reality was irrelevant. McCain himself has argued that eliminating a moratorium on offshore drilling would have a positive "psychological impact" that could reduce gas prices...