Word: wal
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...that means that the last leg holding up this economy - consumer spending, which accounts for two thirds of U.S. economic activity - may be ready to fall. These numbers, along with the bad reports from retailers like Sears and Wal-Mart, indicate to me that consumers are nervous about the economy, and they're staying home. And that spells recession...
These are the humble makings of a revolution in progress: Macaroni and cheese. Timex watches. Volunteer work. Insulated underwear. Savings accounts. Roseanne. Domestic beer. Local activism. Sleds. Pajamas. Sentimental movies. Primary colors. Mixed-breed dogs. Bicycles. Cloth diapers. Shopping at Wal- Mart. Small-town ways. Iceberg lettuce. Family reunions. Board games. Hang- it-yourself wallpaper. Push-it-yourself lawn mowers. Silly Putty...
...with a videocam in the rear end and a monitor at the driver's seat. On the open highway a bus handles as easily as a big, expensive car. At the end of the day, bus people often turn into an empty mall parking lot to camp. Wide-open Wal-Mart lots are a favorite resting place...
...usual schmoozing, the event boasts a unique feature: Like a high school Christmas party, entertainment is provided in the form of skits spoofing the year's top films. Actors such as Kevin Spacey, Ben Affleck, Matt Damon and Jude Law regularly show up and don cheesy wigs and Wal-Mart dresses to perform mini-sketches. There are usually a slew of inside references to the Weinstein brothers, who created and run Miramax. Last year I observed Michael Eisner (chairman of Miramax parent company Disney) watching the proceedings with all the intensity of an attendee at the Oberammergau passion play...
...Amazon, whose stock popped Monday on the news, would get a big business partner with unparalleled reach who knows a thing or two about selling goods cheaply and still turning a profit - as well as a built-in "bricks" component to their business on somebody else's dime. Wal-Mart, meanwhile, would appear to be interested in kicking their in-house efficiencies up a notch, perhaps adding an Internet component to an inventory system that is still largely self-contained and based on electronics...