Word: alaskas
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...risk you take in owning high flyers such as eBay and iVillage. Sure, they keep going up. But with little or no earnings, it's tough to gauge their ultimate value--and, possibly, not since William Henry Seward paid the Russians 2[cents] an acre for Alaska has a population (Internet junkies, in this case) been so thoroughly taken to the cleaners...
...online sales have grown 15% a week. In one week late last month, he made $5,000, more than six times what he made in his first week online and a solid showing during a time of year when business is traditionally slow. Customers from as far away as Alaska are using the Web to purchase the same 78 products the store sells in Portland, including jumbo gulf shrimp, live Maine lobsters and even Alaskan king-crab legs. Just as importantly, from Hanson's point of view, taking orders over the Internet has freed up some of his 30 employees...
...Mike Halal is one of those brave souls. As a manager at the Motofoto on JFK Street, he gets a sneak peek at Harvard s snapshots from around the globe. In recent years, he s seen photos from Cuba, India, Russia, Mount Everest, Alaska (>=lots and lots of Alaska=No matter what country, everyone takes a photograph in front of a street sign, as if they had to show they were actually there,<= he says...
...tanker Exxon Valdez runs aground in Alaska's Prince William Sound, spilling 11 million gal. of crude oil. It is the worst oil spill in U.S. history...
...risk in the first half of 1999, according to the American Petroleum Institute. Almost 140,000 domestic oil wells have been abandoned in little over a year, principally in Texas, Oklahoma, Colorado and Louisiana, forcing U.S. daily production down by 360,000 bbl. a day. In Alaska, which depends on tax revenues from oil, the state is forecasting a $1 billion budget gap, equal to about half the money it needs to pay for the day-to-day running of government...