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Overflowing toilets and other horror stories illustrate that squeezed airlines leave not an inch of slack when something goes wrong.
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In last week’s column, I quoted a flight attendant who said that when a plane is delayed or stuck for hours on the ground, it is the passengers’ responsibility not to eat or drink, to avoid overtaxing the toilets. That remark rocketed around the Internet as an example of how absurd things have become.
In recent days, I’ve been hearing from passengers who were on a Continental Airlines flight from Amsterdam to Newark a few weeks ago when the lavatories spewed sewage into the aisle. The plane diverted to Ireland to get the toilets fixed, and took off again the next day.
Once over the Atlantic, the toilets overflowed again, and flight attendants put on surgical masks and frantically laid down blankets and mats to try to mop up the sewage.
It didn’t work.
“My son and I were seated in the second row behind the lavs” after the flight left Shannon Airport, Lauri Grossman of New York wrote me. “Immediately upon ascending, when the plane was at an upward angle, the sewage began to flow from the toilets and down the aisle. I was wearing sandals and the carpeting was becoming increasingly wet.”
Catherine L. Carlozzi, a speechwriter from New Jersey, was also on the flight. At the terminal, she said, “They kept saying use the lavs in the airport because there are only four marginally working ones on the aircraft and we don’t know how long they’ll last.”
She went on: “They said, you may have to hold it. Control your intake so you can control your output.”
Once in the air, “I looked to see if the lavs would overflow again, and sure enough they did,” she added.
“They were telling us how many sheets of toilet paper we could use, and what we were allowed to do in which lav,” Ms. Carlozzi said.
Continental later apologized and gave passengers $500 flight vouchers that can be used, based on availability, for future flights.
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"'Alpha Hunters' war with 'Beta Builders'" by Paul Farrell, columnist at marketwatch.com. This is a review of the new book "Capital Ideas Evolving" by Peter Bernstein.
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Bernstein's book never mentions either Bogle or Vanguard's pioneering efforts with America's index mutual fund, arguably one of the most important market trends the past 30 years, a trend that not only parallels the more sophisticated trends Bernstein reviews, but paved the way for the Alpha Hunter success.
Why this huge oversight? Good question. The answers opened my eyes to the fact that Wall Street sees Main Street investors as "collateral damage" in this war, necessary victims in the Alpha Hunter drive to maximize returns.
In fact, Bernstein makes it clear that behavioral finance is now a tool used by Alpha Hunters to identify Beta Builders' vulnerabilities ("market inefficiencies") so that Wall Street's alpha-hunting quants can move swiftly, like special-ops commandos, take advantage of these weaknesses and make short-term profits at Beta Builders' expense.
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The latest news and headlines from Yahoo News. Get breaking news stories and in-depth coverage with videos and photos.
5 Injured in Vegas Casino Shooting
(at the New York-New York Casino)
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Larry Ramos, 33, a tourist from Lansing, Mich., said he arrived at the front of the hotel to find people rushing out.
"There were flip-flops just laying all over the place like people were running out of their shoes," Ramos said. "Within a minute and a half there were 30 to 40 police there. The cops just swarmed the place with M-16s and their guns out."
Ramos said bystanders cheered for the wounded when they were wheeled out of the casino to ambulances, and later talked about the people who tackled the gunman.
"People don't put up with stuff after 9-11 no more," he said, adding that he was surprised that THE CASINO NEVER SHUT DOWN.
"That's what amazed me, Ramos said. "They locked down the tables, but THEY LET PEOPLE STILL KEEP PLAYING THE SLOTS."
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Some recs chosen from 7/13/2007 new 52-wk highs list
These stocks are showing uptrending RSI between 65 and 70 (it's already strong and getting stronger, but not yet a "bottle rocket"), recent up move in ADX +DI line with low (around 20) and/or downtrending -DI line, at or just above all-time high price per share, with attractive forward PEG (around 1.5 or less, definitely below 2.0, sub-20 PE is preferred), avg daily volume >100K. Imminent earnings announcement are noted.
Good
ALY (wait first for reversal out of present pullback)
RATE (imminent ATH breakout, buy post-breakout)
SPSX (imminent ATH breakout, buy post-breakout)
ASTE, AXCA
BID
CCC (special situation, water filtration, China), CHTR, CME, CSV
DOV
FFIV
GE
HOKU
IBM
KYPH
NTGR, NVTL, NXTM*
OYOG*
STXS
TNB
I'm interested, and even invested in some of these. What's up with the asterisk? There are some solid companies in that list. Some I've never heard of, but I know your screens are really good, so I'll have to do some more research. Can you expand on more of them? Why are they on this list? Thanks
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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