Archive for Business
Genius Moves
Here’s a brilliant idea for a magazine publisher:
1) Create a men’s magazine using a distinctive women’s magazine’s name.
2) Realize the name thing was probably a mistake and try to cover it up with larger font.
3) Realize the entire magazine was probably a mistake and fold it into the women’s magazine. Don’t question the waste of time or resources this last move is.
“Men’s Vogue will all but disappear as a separate operation. It will be folded into Vogue and will be published twice a year instead of 10 times, the company said.”
– New York Times, October 30, 2008
Revisited
Bankers Mobilize for Buying Today
Wall St. is certain coalition has decided to throw funds into market for support. Investment trusts to aid. Financiers at meeting agree prices are now attractive and money is plentiful. Orderly market is aim. Situation needs leadership. Reserve Bank watching market.
That heavy banking support would come into the market today was the consensus of leading bankers last night. Prominent financiers asserted that many stocks had reached, at yesterday’s close extremely attractive levels, gauged by any yardstick.
– New York Times, October 29, 1929, Black Tuesday
