Word: teething
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STOP SMOKING, SAVE YOUR TEETH...
Stock-market bears are not universal, but they have sharp teeth, last month nicking 25% from B-A-B's share price after the company said same-store sales would increase just 2% or 3%, compared with a 13.8% sales increase in last year's first half. The stock recently regained some ground, to around $24 a share. "We overestimated," says Clark, explaining that last year's muscular performance was unsustainable. Clark thinks earnings could still rise 26% to 32% in 2005--great for most companies but ordinary compared with last year's 163% jump...
Just last week SAFOD's giant Texas-style drill bored to an inclined depth of 11,000 ft., coming to within 1,000 ft. of the San Andreas. Around July 4, the giant drill's steel teeth should chatter through to the fault itself, reaching the far side of the San Andreas later this summer. At that point, Stanford University geophysicist Mark Zoback and his colleagues will finish casing the perimeter of their borehole with steel and start packing it with instruments...
...bottom line is also coming under closer scrutiny at ABC's news division. Most of the layoffs so far have been in lower-echelon production jobs. Says Washington Bureau Chief George Watson: "We have not cut into the teeth of the news-gathering and producing-operation." Yet staff morale has plummeted, and some insiders claim that personnel are being spread too thin. "It will reflect in the quality of the show," predicts a staffer at ABC's newsmagazine 20/20, which lost four positions in the cutbacks. "We are already burnt out." Says a New York City-based producer...
...Gorbachev who came to power in 1985 Pursuing the paramount impulse was a direct reaction to the Reagan of 1981-84. Andrei Gromyko, speaking for the gerontocrats of the Politburo, nominated the relatively youthful Gorbachev as the man who had a "nice smile" but "iron teeth." His comrades knew that Gorbachev would have to go up against the affable Great Communicator in the contest for the hearts and minds of the world. Because he was tough and might stay in office well into the next century, Gorbachev seemed the best choice to deal with all those doctrines and initiatives that...