On Tuesdays, The Kansas City Star
prints its financial section in a tabloid format with a feature story on the cover. But the most interesting item is always a little blurb on page three, where the paper recaps what was in the business section that week ten years ago. It's a fascinating look at the bottom line's big picture. Last November, for example, just as bankrupt Payless Cashways was liquidating itself, the Star
provided a one-sentence reminder that ten years earlier, former Payless CEO David Stanley was being honored as the 1991 Kansas Citian of the Year at the annual Chamber of Commerce awards dinner. And in February, as Target was being hailed as the best hope for saving the creaky Ward Parkway mall, we got a reminder that, in the early '90s, a $31.5 million remodeling and a twelve-screen movie theater were supposed to save the mall. In August, as page four of the business section was reporting that Aquila was furiously selling its assets to try to save its credit rating, page three noted that, ten years earlier, stocks in utility companies such as UtiliCorp (Aquila's predecessor) were "in favor, especially for income investors." It's a great reminder to always consider the long view.