Word: trashings
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...sign prohibiting all eating, drinking and smoking sat next to an ashtray and atop a trash can that was overflowing with discarded burger wrappers, presumably from the gourmet restaurant upstairs. The rotund regulars happily munched on their fast food and drank their beer in preparation for a taxing evening of America’s most popular “lifetime” sport. It was Americana at its best...
...homes across America, parents are tossing summer-camp applications into trash cans. "Last year I spent $2,000 to send my 6-year-old to day camp, and she couldn't bring a Popsicle into the pool area," says Pauline Izrailov of West Bloomfield, Mich. "This year I got a backyard wading pool for $11.95. My kids can splash in it, pee in it, eat cheeseburgers in it. They'll love...
Homeless people who scavenge garbage bins for food have for years been said to be "Dumpster diving." But now the term has morphed to describe an unscrupulous business practice: rummaging through a competitor's trash for inside information. It's a low-tech form of corporate espionage that has increased since 1988, when the Supreme Court ruled that once it leaves private property, trash is fair game. Last year Procter & Gamble, whose products include Pantene and Head & Shoulders shampoos, admitted Dumpster diving for information about Anglo-Dutch conglomerate Unilever, makers of Finesse and Helene Curtis. Dumpster diving is also practiced...
...investors, cash is no longer trash--it's toxic. With short-term yields at 1.4% and inflation around 1.6%, the real return on cash is a putrid -0.2%. Holding cash has suddenly become a sure way to lose money. Why, then, has Oracle hoarded $5 billion in cash? How come Cisco--which last week raised its earnings projections--has $7.5 billion stuffed under its mattress? And why has Microsoft piled up a mountain of cash $38.2 billion high? Just how rainy a day is Bill Gates expecting, anyway...
...Japanese are now shopping at second-hand stores; residents in upper-class districts comb through their neighbors' trash for used furniture. Potential entrepreneurs, the Akio Moritas of the future, are doomed to remain dreamers: the banking system is so swamped with the remembrance of debts past it doesn't have the money - or will - to help new businesses get off the drawing board. For the first time since the end of WW II, Japan is facing the concept of personal and corporate obsolescence. "We hope this is the bottom, but who really knows?" asks Masayuki Watanabe, a 48-year...