Word: directorates
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...move, however, may also send a more downbeat message to some shoppers. "It looks more like desperation than inspiration," says retail consultant Burt Flickinger III, managing director of Strategic Resources Group. "It may be a sign that Kmart's spring and summer inventory is not selling through." And Santa certainly isn't going to save Sears and Kmart, retailers that seem increasingly irrelevant in the Walmart/Target/Home Depot world. For example, as Morgan Stanley analyst Gregory Melich writes in a recent equity research report, "Sears Holdings' underinvestment in stores has degraded its ability to withstand the magnitude of the current pullback...
...some CIA veterans, the haste was unseemly, and may have precipitated the controversy. "It was a moment for [Panetta] to take a deep breath," says a retired official who hears regularly from colleagues still in the agency. The director should have anticipated the reaction of the Democrats and come up with a smart way to communicate that this was "not a big deal," says the former official. Instead, by rushing to Congress, "he set off their alarm bells, and gave them the impression that it was a big deal." After all, says the official, the CIA has "God knows...
...spokesman George Little defends his boss, pointing out that "the program he killed was never fully operational and never took a single terrorist off the battlefield. Those are the facts he shared with Congress. This agency and this Director value a candid dialogue with Congress...
When Leon Panetta earlier this year was nominated as director of the CIA, the strongest argument in his favor was his long experience in dealing with Capitol Hill. With Democrats in Congress already sharpening their knives over the CIA's Bush-era policies and practices, the Agency would need protection - and Panetta, a veteran pol with contacts on both sides of the aisle but no real intel background, seemed the best possible shield...
Distancing the agency from a project with Cheney's fingerprints was politically astute. "As a good politician, Panetta probably knew that [Cheney's involvement] was precisely the reason we should get nervous about it," says Paul Pillar, a former deputy director of the CIA's Counterterrorist Center...