Tuesday, January 08, 2008

The! Biggest! News! of! the! Day! - Not Starbucks, Bear Stearns, Amazon.com, Apple, or KB Home

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

  • A new CEO for Starbucks Corp (SBUX) as Howard Schultz takes over, again...
  • A new CEO for Bear Stearns (BSC) after James Cayne steps down...
  • A look into how the new music download service from Amazon.com (AMZN) could challenge Apple's (AAPL) iTunes...
  • The purchase of Fast Search & Transfer by Microsoft (MSFT)...
  • The focus on processors for "mini-PCs" by Intel (INTC)...
  • A look into drug makers after "U.S. Food and Drug Administration approved 19 new drugs in 2007, the fewest in 24 years"...
  • A loss for KB Home (KBH)...
  • Skepticism on the market as a report from Standard & Poor's says - "we think something could be very wrong. We are therefore turning more cautious on the market for the next three to six months, and believe the chances that the 10% correction that we've seen turns into something more like a 15% to 20% decline"...
  • Rate cut chatter as Philadelphia Fed Bank of President Charles Plosser "said further interest-rate cuts may be needed should the outlook for U.S. economic growth become 'substantially weaker' than already projected."...

While those are all stories worth watching, I think it is obviously clear that the biggest news is this pair -

  • Dude, the cops will never smell it - "An officer heading home early Saturday smelled pot burning in the police station parking lot...Police said they heard a conversation centered on the irony of smoking pot next to the station from a home separated from the parking lot by a chain-link fence"...arrest follows...
  • Elephants outsmarting humans on Indonesia's Sumatra: report - "A herd of wild elephants on Indonesia's Sumatra has repeatedly outsmarted efforts to stop them stealing crops"...where the animals "clamber over earthen embankments...by using their trunks to hold onto each other" and felled an electrified fence "using tree trunks"...

Just two more examples that support the case that we humans are in danger of losing our top slot of the food chain if and when the animal uprising begins...

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