Delta, Northwest Agree to Merge; May Start Trend (WSJ) Well, it finally happened. Delta and Northwest. At least they've come to an agreement. Now we'll see if they can pull it off (merging), and then we'll see if they can pull that off (making money). So just the first start in a long, long road to recovery. We wish 'em luck. Oh, speaking of Delta. Has anyone else noticed those ads in the subway where they talk about how Delta can bring you change? IE, you achieve change by flying from New York to Beijing or whatnot. Question: are they making change their slogan because their name is delta? If so, very clever, though your average subway rider probably isn't getting it.
Retailing Chains Caught in a Wave of Bankruptcies (NYT) Something about bankruptcies, whatever. The author really buried the lede on this one: At least 140 foot lockers are going to close in the next year. We're of two minds of course. On the one hand, we love sneakers, so any reduced channels to buy sneakers isn't good. On the other hand, Foot Lockers need some help to regain their luster. They're a little on the sterile side, and while you can find a good, standard Nike AF1 there, sure, it's not where you'd go for anything more interesting. Maybe they can work on that for the next time the consumer is strong.
As other staples soar, potatoes break new ground (Reuters)Sort of depressing when you think about it. With all these concerns over the global food supply, a renewed interest in the potato? The beginning of the article gets it half right: "As wheat and rice prices surge, the humble potato -- long derided as a boring tuber prone to making you fat -- is being rediscovered as a nutritious crop that could cheaply feed an increasingly hungry world." It does make you fat. What's wrong with broccoli or cauliflower or cabbage? Why eat a bland potato? What's the world coming to?
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