say it ain’t dough(nut)

U.S. News and World Reports lists 15 major brands that might not survive 2009. Brace yourself. Krispy Kreme. (KKD; about 4,000 employees; stock down 50%). The donuts might be good, but Krispy Kreme overestimated Americans’ appetite – and that’s saying something. This chain overexpanded during the donut heyday of the 1990s – taking on a […]

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following up

Obama said the stimulus bill will¬†create or save¬†4 million jobs. Perhaps he misspoke, but the distinction = 4 million jobs. The bill may lack earmarks, as Obama repeatedly boasted, but that doesn’t mean it’s pork-free. There are no “earmarks,” as they are usually defined, inserted by lawmakers in the bill. Still, some of the projects […]

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the valley deepens

This should brighten your day: ASIA MARKETS TUMBLE… Nikkei sinks 11.4 pct — worst loss since ’87 crash… Seoul shares drop 9.4 pct — biggest loss in 7 yrs… Pretty soon we’ll all be blue collar slobs.

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