Stingy News
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| Hooters: a case study |
| Submitted by Norm | 5:28 PM EST 08/24/03 | Stocks |
"'This thing has incredible legs,' an early investor said. Twenty years later, the restaurant chain has finally hit its stride."
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| A CEO whose life is an open book |
| Submitted by Norm | 2:39 PM EST 08/24/03 | Management |
"One exception to adhering to the CEO code of omerta (the Sicilian "vow of silence") has been Bill George, former head of Medtronic, the pacemaker and medical-devices behemoth. George has now authored a book geared toward future corporate leaders, written with the hope of staving off future shame in publicly traded companies. I've found few books penned by former CEOs worth reading, at least cover-to-cover. But anyone interested in management and leadership will get a great deal from investing some time in Authentic Leadership: Rediscovering the Secrets to Creating Lasting Value."
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| WTO entry helps China pull it off |
| Submitted by Norm | 2:30 PM EST 08/24/03 | World |
"Beijing can certainly teach the world how to swim with the sharks in Cancun without being eaten alive. Instead of buying more from American and European farms after joining the WTO, China has actually become an even larger net exporter of agricultural products in its very first year as WTO member."
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| All about California |
| Submitted by Norm | 12:49 AM EST 08/23/03 | Buffett |
"With Arnold Schwarzenegger, Gary Coleman, a porn star and a partridge in a pear tree scrambling to become governor of California, a troubling question emerges."
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| Different this time, maybe |
| Submitted by Norm | 12:39 AM EST 08/23/03 | World |
"Japan's economy has had everything in the past 15 years except a sustainable boom. Now, at least, Japanese stocks are enjoying a rally. The Nikkei 225 closed the week just below 10,300. The last time it spent a week above 10,000 was July of 2002. Of course, "Nikkei 10,000" is not much of a rallying cry for a stockmarket that once topped 38,000, but the index is still up about a third since April."
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| The U.S. is falling asleep on the job |
| Submitted by Norm | 12:10 AM EST 08/22/03 | World |
"Jobs have left before, but this time America's place in the global economy is at stake."
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| Asia starts to gasp for energy |
| Submitted by Norm | 7:51 AM EST 08/21/03 | World |
"Across all of Asia, from India to China and south to Australia, a severe energy crunch is developing as construction of energy plants and transmission facilities lags behind growing industrial capacity and burgeoning private consumption, according to energy and market analysts."
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| Wall Street plays dirty despite cleanup effort |
| Submitted by Norm | 7:26 AM EST 08/21/03 | Markets |
"A review of recent takeovers shows price spikes and surging volume ahead of news that only an insider would know."
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| Sex and violence don't sell? |
| Submitted by Norm | 8:55 PM EST 08/19/03 | Media |
"Sex and violence don't necessarily sell, according to a University of Michigan professor who says studies show that viewers remember the commercials on more racy programs far less often then they do on more neutral fare."
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| The failure of the social market |
| Submitted by Norm | 2:58 PM EST 08/19/03 | Government |
"In a January, 2003 commentary appearing in the Financial Times of London, professor Norman Barry opined, "the social market advocates were too relaxed; they believed the new order would produce enlightened people who would not need market incentives to behave responsibly. How wrong they were. Germans are normal, rational people. They will not work unless they have to. Now it often pays not to get a job and it is rational to stay in education until you are 30." Unless chained to reality by the forces of the market, the people and politicians have been free to bloat and expand the welfare state of Germany."
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| Lion cubs on a wire |
| Submitted by Norm | 4:38 PM EST 08/18/03 | World |
"Economic growth in Africa was dismal last year. At 3.2%, down from 4.3% in 2001, it barely kept pace with a swelling population. The culprits, according to a new report* by the United Nations, were a weaker global economy, drought and AIDS in southern and eastern Africa, fresh armed conflicts in the Central African Republic, Ctte d'Ivoire and Madagascar, and yet more madness in Zimbabwe."
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| The poor are the solution, not the problem |
| Submitted by Norm | 4:26 PM EST 08/18/03 | World |
"Take the case of Egypt. My research team and I were invited to Egypt by the government to make an inventory of the poor's assets versus all the other sectors of the economy. We found that since the end of the Second World War the poor accumulated some $245 billion worth of assets, including real estate and small enterprises. How big is $245 billion? Fifty-five times bigger than all foreign investment in Egypt over the last two hundred years, including the Suez Canal and the Aswan Dam. Fifty times greater than all foreign aid received by Egypt. Thirty times greater than the Cairo Stock Exchange. So the poor are the solution. The problem is that they do not have a legal system that allows them to bring together capital, create new enterprises, leverage their assets, and cooperate on a global scale. The poor certainly were the solution in the United States, which was built by poor, entrepreneurial pioneers. And the formula has not changed in the last two hundred years."
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