Word: 90s
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...deal also entails that workers form teams to solve assembly-line glitches. Cost-cutting isn't enough, though. For VW to grow profits, it will need to sell plenty of those higher-margin luxury cars. And to do that it needs to win back America's trust. VWs late-'90s U.S. renaissance came after nearly two decades of slack sales that led it to consider pulling out of North America. What turbocharged sales was the New Beetle, launched in 1998; baby boomers with fond (if pot-hazed) memories of Microbuses and Beetles gravitated to the car, or at least...
...them bearing the image of Abimael Guzmán. "Presidente Gonzalo," as his followers call him, is the leader of Shining Path, the bloodthirsty Maoist guerrillas who killed more than half of the 69,000 Peruvians who died in the armed conflicts of the 1980s and early '90s, according to a report issued in August by Peru's Truth and Reconciliation Commission. Nearby is a lifelike dummy of Guzmán in the striped prison uniform he wore after his arrest in 1992, the year that Peruvians believed the Shining Path had met its dead end. But even with Guzm...
...Jessica Bibliowicz, daughter of Citigroup chairman Sandy Weill. Both make money, and both have seen their shares rise in a modest but steady fashion. "Very few companies today are able to raise money on just a wish," says Jay Chandler, head of equity syndication at Merrill Lynch. "That late-'90s-style IPO market is not open for business...
There's still plenty of risk. On the docket are a dozen unproven biotech firms. Money-losing companies like Anchor Glass and Red Envelope have already slipped through the IPO window. Yet even these outfits are a cut above the dogs of the '90s. The biotechs are nearing approval for new treatments. Anchor, which makes bottles for Snapple, shed pension and health-care costs in bankruptcy court. Red Envelope is an online gift store that should be profitable next quarter, says Linda Killian, a partner at the IPO research firm Renaissance Capital...
...countries have a political divide like Cambodia's. In the '90s the nation was ruled by two Prime Ministers and two Cabinets, with power split between Funcinpec and the Cambodia's People Party (headed by current Prime Minister Hun Sen). That divide still splits the country: a national election in July left Hun Sen short of the parliamentary support he needs to rule?under Cambodia's constitution, the National Assembly can't convene without a party or coalition controlling two-thirds of the votes. So far, his attempts to form a coalition have fallen through...