Month: May 2006

Article: A Test of Our Character

From the May 26th NYT.

A Test of Our Character
By PAUL KRUGMAN

In his new movie, “An Inconvenient Truth,” Al Gore suggests that there are three reasons it’s hard to get action on global warming. The first is boiled-frog syndrome: because the effects of greenhouse gases build up gradually, at any given moment it’s easier to do nothing. The second is the perception, nurtured by a careful disinformation campaign, that there’s still a lot of uncertainty about whether man-made global warming is a serious problem. The third is the belief, again fostered by disinformation, that trying to curb global warming would have devastating economic effects.

I’d add a fourth reason, which I’ll talk about in a minute. But first, let’s notice that Mr. Gore couldn’t have asked for a better illustration of disinformation campaigns than the reaction of energy-industry lobbyists and right-wing media organizations to his film.

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CROX Update – Bearish Engulfing Candle

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Crocs, Inc. (NASDAQ: CROX): Just a quick update on the reaction to Thursday night’s news of raised guidance and a coming secondary offering. Friday’s reaction was a bearish engulfing candle, with CROX gapping up 8.7% at the open and then proceeding to decline by 14.4% to close at $24.18 on 2.6x average volume, as the market positions itself to relive the selling shareholders of their stock at the most advantageous price (to the market). As stated in Thursday’s posting…

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File This Under: Too Little Too Late, Asshole

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From the front page of CNN.com: British Prime Minister Tony Blair and U.S. President George W. Bush, in a joint media conference, said the war in Iraq did not go as smoothly as they had hoped. The two leaders admitted they had made mistakes, but deflected questions about possible troop withdrawals.

So it turns out all those “experts” and “facts” and “unpatriotic people who would dare question the president’s motives and decisions” were right, invading Iraq at all, and especially for made up reasons, was a bad idea. And now that Bush and Blair have brought a possibly irreversible shit storm down on the world, they’re going to come back and sheepishly say they made a mistake? Man! Let’s just get on with it and get these arrogant, closed-minded, destroyers out of office and get some people in there who can start repairing the damage they’ve caused. It’s going to be a long and difficult job, but the sooner we start the sooner the bleeding stops and the sooner we can reverse Bush’s vicious cycle of war and turn it into a virtuous cycle of peace. Cheers!

CROX News — Secondary Offering & Raising Guidance

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Crocs, Inc. (NASDAQ: CROX):
From the Company’s press release:

Based on strong demand from consumers, which has resulted in faster than anticipated re-orders from our customers both in the U.S. and overseas, the Company now expects sales for the second quarter of fiscal 2006 to be between $62 million and $65 million compared to its previous guidance of $53 million to $55 million. The Company also stated that it now anticipates net income per diluted common share to range from $0.23 to $0.25, versus its previous expectation of net income per diluted common share of $0.21 to $0.22.

Translation:

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