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...even if you don't beat the market, odds are that any sensible collection of stocks will beat inflation and Treasury bonds over a long period. But don't bank on 25% or 30% a year when the long-term market average is only 11%. And buying Wal-Mart just because the parking lot is full has become a quaint cliche. It might have worked for Peter Lynch in the '80s. But the Beardstown batch tried it in the '90s and discovered yet another recipe--the one for crow...
Meantime, employers fearing lawsuits are stopping harassment before it starts. Some, like General Motors and Wal-Mart, have instituted zero-tolerance policies banning just about any speech or conduct with sexual undertones, like sending E-mail with a naughty Web address to a co-worker, which not so long ago would have been deemed not just harmless but constitutionally protected. While it's rare for nonthreatening behavior to be ruled harassment, it happens. In 1993 the University of Nebraska forced a grad student to remove from his desk a picture of his bikini-clad wife after two fellow students complained...
Look for some blue-chip companies to step up next. Who might make the bold move? Among the giants, companies like Wal-Mart, Disney and Home Depot are good candidates. They are fast growing and pay woefully small dividends anyway. Disney, for example, has the lowest dividend yield of the 30 companies in the Dow, at 0.55%. You couldn't feed a mouse on that...
...going to get," says Wilmington Mayor Nick Eveland, "we might not have been so welcoming." As Airborne grew, so did Rombach Avenue, the commercial strip that links the overnight-mail complex to downtown. Rombach became "Hamburger Alley," a neon riot of fast-food outlets and discount retailers like Wal-Mart. Eveland, who has held the part-time mayoral post since 1984, now says he wishes Wilmington had imposed design standards on Hamburger Alley to limit the blight, but at the time he feared doing so would slow the town's progress. By 1995, as the Alley spread west into Wilmington...
...Didn't Die: Smart planning kept rapid commercial and industrial growth from choking off the town's charm. When Wal-Mart wanted in, Danville made the discounter downsize its signs and plant screens of trees around...