In 1945, the delightful musical “Carousel” debuted at the Majestic Theatre in New York. In 1956, it became a movie. Written by Rodgers and Hammerstein, the play contains a number of memorable tunes, including “June Is Busting Out All Over.” This melody serves as a delightful backdrop to all of the earnings reports that have been issued recently.

The business and popular press are reporting that third quarter results are showing great improvements in the bottom line. Estimates are that quarterly earnings will rise by 20 percent to 30 percent over last year’s third quarter.

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