Driving through the news with a MultiCultClassics Monologue…
• The Big 3 auto executives are rethinking their travel plans to beg for bailouts in Washington. After taking heat for using private jets during their last trips, the honchos are now creating PR ploys. Ford CEO Alan Mulally will drive Ford hybrid vehicles, and sources indicate the other two will follow suit. The executives should be forced to buy the cars first—hey, Mulally can take advantage of the Ford Employee Discount Plan!
• Staples reported 3Q profits dropped 43 percent. That was probably not easy.
• Sears reported 3Q losses, partly blaming poor sales at Kmart stores. Can anyone explain why either dinosaur/dinostore is even still in business?
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