The! Biggest! News! of! the! Day! - Not Home Depot, Morgan Stanley, Circuit City or Blackstone
Here are some of the contenders for today's biggest...news...of...the...day...
- Better-than-expected earnings from Morgan Stanley (MS)...
- A disappointing earnings release from Circuit City Stores (CC)...
- The announcement that Home Depot (HD) will spin of its supply unit to a private equity group...the company also "authorized a $22.5 billion increase in its share repurchase program"...
- A look into the "overhyped" action in Apple (AAPL) on the iPhone fervor...
- The looming IPO of Blackstone Group...
- The problems at Bear Stearns (BSC) hedge fund...
- A move by Microsoft (MSFT) to "modify its Windows Vista operating system in response to a complaint that its computer search function put Google Inc. and other potential rivals at a disadvantage"...
While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Centennial time capsule car found ruined...according to the article, "A car buried half a century ago in a time capsule had been transformed into a hunk of junk by the time it was unveiled on Friday as part of Oklahoma's Centennial"...optimists were "hoping to find a pristine, gold '57 Plymouth Belvedere"..."they chose the Plymouth Belvedere because it exemplified 'an advanced product of American industrial ingenuity with the kind of lasting appeal that will still be in style 50 years from now'"...the capsule also contained guesses about the current population where the winner, "or that person's descendant", wins the car...
Who would have thought that burying a car for 50 years could cause problems? I hope they get a picture of the "winner's" face when they tell them they won "a ruined hulk with rotting upholstery, collapsed suspension, flat tires and an engine that appeared to be a solid chunk of rust"...yippee!


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