Word: stockings
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...turns out there are a lot of amateur sodbusters like Bakshis and Zang. Which is one reason TSC, based in Nashville, Tenn., expects sales to increase to $2 billion this year. In 2004 profits rose 10%, though in April quarterly net income fell. The company blamed higher costs. The stock, which has roughly doubled since 2003, tumbled briefly but recovered. "We have zeroed in on hobby farmers," says chairman Joe Scarlett. TSC has revived itself by expanding into exurban areas where there's a deepening pool of wealthy customers who farm but are not dependent on agriculture for a living...
...farm and started peddling everything from sporting goods to Crock-Pots. In the 1970s, conglomerate Fuqua Industries acquired TSC, further diluting the retailer's focus. Scarlett participated in a leveraged buyout in 1982 and floated TSC as a public company in 1994; he owns 14.5% of the common stock, worth about $233 million today...
Wall Street, suddenly, loves the plan. When Wynn Resorts went public in 2002, demand for shares was so soft that Wynn put up $150 million for the $13-a-share stock. Since then the stock has soared, closing at $53 last Friday. Much of that price is high expectation about his new Macau property, due in 2006, which is part of an influx of American casinos setting up shop there...
Bush used his press conference to deflect other criticisms of his Social Security plan as well-- pointing out repeatedly, for example, that the personal accounts would be "voluntary," to reassure future retirees that they wouldn't be forced into an unpredictable stock market. And despite the early bad reviews, Bush aides insist that his scheme for reducing benefits is the sort of centrist approach that should win support. "If there was ever a Third Way idea that Bill Clinton would have endorsed," says an aide, "this is it." --By John F. Dickerson
Poetry used to be the emperor of the literary universe, but lately it has been overshadowed by almost every other genre--novels, comic books, self-help--or just channeled into other media, like rock and hip-hop. These days most bookstores stock a few odd volumes on a back shelf, and most of those are written by Jewel. But people are still writing poetry and finding ways to say things no other medium can--if you have the time to stop and listen...