Wednesday, April 11, 2007

The! Biggest! News! of! the! Day! - Not Citigroup Job Cuts, Alcoa's Earnings, or Don Imus

Here are some of the contenders for today's biggest...news...of...the...day...

  • Word that Citigroup (C) is slashing 17,000 jobs and taking a $1.38 billion charge in the hopes of reducing expenses by $2.1 billion...
  • Better-than-expected earnings from Alcoa (AA)...the aluminum producer earned 79 cents per share, compared to First Call estimates of 76 cents per share...
  • Rumors that the Nasdaq Stock Market (NDAQ) may make a bid for the Philadelphia Stock Exchange...this would give the Nasdaq a foot in the options-trading business...
  • Continuing controversy for CBS Radio and NBC Universal as "Companies including Procter & Gamble Co. and Staples Inc. are pulling advertisements from Don Imus' show due to the shock jock's on-air racial slur"...
  • A move by Google (GOOG) to enter the directory assistance market with a new free service...
  • A warning from Microsoft (MSFT) "of four security flaws in its software"...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Aimless workers "wilfing" through cyberspace...according to the article "Two out of three British web users lose significant portions of their time to irrelevant web browsing"..."people log on with a purpose" but are "being offered so much choice and online distraction that many forget what they are there for" and then begin "'wilfing,' short for 'What Was I Looking For?'"...it is said that men are the worst offenders...

As a man, I take offense to this assertion that we are easily...uh...what was I saying?...hey - has anyone played this tank game...it seems boring but I find it strangely addictive...

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