The! Biggest! News! of! the! Day! - Not Standard & Poor's Error, Retail Sales or General Electric
Here are some of the contenders for today's biggest...news...of...the...day...
- A "human error" by Standard & Poor's...the rating firm "admitted to making a nearly $5 billion blunder in correcting its own estimate for subprime securities it is reviewing for ratings cuts"...
- Data on retail sales..."U.S. retail sales dropped 0.9% in June, the largest decline since August 2005"...
- Inline earnings from General Electric (GE)...
- Continued chatter about John Mackey's, the CEO of Whole Foods Markets (WFMI), strange message board posting behavior...
- A warning from Baker Hughes (BHI)...
- Word of a potential tax loophole that may allow The Blackstone Group (BX) partners to "avoid paying taxes on $3.7 billion, the bulk of what it raised last month from selling shares to the public"...
- A look into building portfolios with "art, wine, rare stamps and even soccer players"...
While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Ex-Marine tackles, lectures bank robber...following this week's theme of bizarre criminal activities (see Man Robs Bank Disguised As Tree and WSBTV.Com Helps Catch 'Dancing Burglar' Suspect if you missed them) we have this story of an alleged bank robber who was "wielding a fire extinguisher..and demanded $2,000"...
A fire extinguisher? Seriously? That was his weapon of choice?


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