Word: wises
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...cunning brood, who in selling Seagram to Messier managed the equivalent of selling a Mercedes for $100,000 and, if all goes well, buying it back two years later for $20,000. An $80,000 profit, and they still have the car - all tuned up, to boot. Bravo, wise guys. • That I should not admire wise guys; they're ruining the planet. • That my two-year-old son's ability to assemble complex structures with his Lego doesn't qualify him as a captain of industry. • That there is poetry in small shareholders. At Vivendi's April...
...more than a narrow point of equity here. The U.S., as Boot points out, has a good record as a colonial power. Puerto Rico, the largest remaining American colony (its status masquerades under the politically correct term commonwealth, but don't be fooled), is well governed and prosperous. But wise states do not impose on others conditions that will long be resented. The U.S. is right to demand that any Palestinian state renounce terrorism, for terrorism is a curse that spills over national borders. Similarly, Washington is entitled to say - as Bush did during last week's G-8 summit...
Inside the Administration, officials are trying to turn the new doctrine into a formal paper. That's wise. International law, to be sure, is often honored mainly in the breach. But sometimes it makes sense to set out plainly--and not just in a speech at West Point--the circumstances in which one nation feels entitled to take up arms against another. Daniel Webster understood that more than 160 years ago. George W. Bush could do worse than to emulate him today...
...German Cartel Office demanded that he spend an extra $1 billion to $2 billion to upgrade the country's aging cable lines and offer cable telephony immediately--instead of gradually, as he had planned--he decided to walk away, as he often has at the last minute. "A very wise man," Liberty Media CEO Robert (Dobb) Bennett said at the recent stockholders' meeting, gesturing toward his mentor, "once told me the best investments are the ones you decide not to make...
...only when the rinse cycle begins," a wise old friend of mine likes to say, "that you can tell how dirty the laundry really was." With Enron, Arthur Andersen, Henry Blodget and Dennis Kozlowski all sloshing back and forth in the muck, it has become clear to everyone that the late bull market in stocks was fueled partly with Potemkin profits, partly with bluster, partly with outright lies...