Word: amazon
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Dates: during 1990-1999
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Here's the pitch: capitalism thrives on the reduction of friction, and the Web is the most effective friction reducer since the assembly line. The dot-com revolution hit first for consumers; as soon as Amazon, for instance, put millions of discount books within buying reach of anyone with a modem and a credit card, ordinary bookstores had to change or die. "E-markets have had a very significant impact," says Tim Minahan, an e-commerce analyst for the Aberdeen Group. "And you're going to see that on the business side as well...
Most developing countries aggressively sell ecotourism, while few foreign-aid programs are complete without an ecotourism element. Two years ago, Brazil unveiled a $200 million program to develop ecotourism in the Amazon region. A project to build a visitors center, upgrade trails and construct canopy walkways has saved Ghana's Kakum rain forest from logging and other depredations. The park now employs 2,000 local people and attracts 40,000 tourists a year. Receipts from about 1,600 visitors each day are keeping afloat the Xcaret ecopark in Yucatan, Mexico--and also funding the 50 scientists who work there...
...might enjoy shopping online because you can buy underwear while wearing even less, but it can satisfy your altruistic impulses too. At least four sites invite you to identify a nonprofit organization or school you'd like to help. When you purchase something online from a participating merchant--eToys, Amazon and a slew of other big vendors are involved--a small percentage (2% to 12%) of the sale ends up in that charity's coffers. A seamless donation--whether you're fully clothed...
...year, and could well stay there. Speculative stocks (and Internet defines the category) tend to get hard hit when higher rates threaten to slow the economy and the market. There are also basic questions about Internet bellwethers, including AOL (Will AT&T shut it out of cable access?) and Amazon (Can it reverse slowing revenue growth...
...three months of formal results. The IPO may do well anyway. The company has a top-notch underwriter in Morgan Stanley Dean Witter. It is the first online company of its kind to attempt to sell shares to the public, and it's backed by savvy Internet investors, including Amazon founder Jeff Bezos...