Word: useless
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...fourth quarter earnings which are coming out now and the forecasts for next year are as useless as a boat in a drought. Google (GOOG) has a quarter which was better than expected. Because it is in a fast-growing segment of the internet, it would be reasonable to assume that its trajectory would continue up. Actually, there is just as much of a chance that the slowdown in advertising spending will damage Google's business. (See pictures from Google's candid camera...
...course of this year requires more imagination than it does math skills. Earnings actually tell very little. They are a picture of the past. Most come out several weeks after a quarter ends. In a recession, that gap in time may make looking backwards a process which is nearly useless. Looking forward. nearly every public company in America is basing its guidance on conjecture more than predictable sales. That is why a growing number of companies are withdrawing forecasts all together...
Imagine if this had been a scene from 24, if terrorists--not geese--had taken out the engines. The heroes would have been the rescuers--Special Forces soldiers dangling from helicopters, Jack Bauer speedboating down the Hudson--and the passengers would have been shrieking, panicking, useless...
...defiant or angry, or celebratory, for that matter. It was resolute, suffused with sobriety, reflecting a tough-minded realism at home and abroad. Obama made clear that his domestic liberalism would be enacted conservatively. Where government programs can help, he said, "we intend to move forward." If they are useless or outdated, "programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits and do our business in the light of day." Overseas, he warned, "those who seek to advance their aims by inducing terror and slaughtering...
...deadly, not least because of the still-fuzzy line between a water landing and a water crash. In a 2002 article, an expert quoted in The Economist noted that "no large airliner has ever made an emergency landing on water" and went on to dismiss onboard flotation devices as useless, considering the high likelihood of fatalities. Patrick Smith, an airline pilot and author of Salon.com's "Ask the Pilot" column, later rebutted those claims, noting that a number of jets have landed on water and managed to bring some or all of their passengers to safety. "Any ditching is very...