Word: amazon
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...workday sometimes finds John Forgach draped in mosquito netting, paddling the backwaters of the Amazon in a dugout canoe. He's on the hunt--for a new investment. Forgach, 52, spent decades making money the old-fashioned way, as an investment banker in places like Geneva and New York City. Now he is back in his native Brazil to show that preserving the environment and indigenous cultures can be profitable. As CEO of a Sao Paulo-based private company called A2R Environmental Funds, Forgach raises money from institutions like the Swiss government and the World Bank Group and invests mainly...
...programmed to "phone home" to its corporate master. RealNetworks' RealJukebox program was found in 1999 to be sending back information to headquarters about what music a user listened to. The Federal Trade Commission decided in May that zBubbles, a now defunct online shopping service once owned by Amazon, probably deceived consumers when it told them that the information it collected about a user's Web surfing would remain anonymous...
...commerce sites routinely share your information, or sell it. The Electronic Frontier Foundation launched a campaign in early June against Macys.com for giving away info from its bridal registry to its business partners. Amazon, which once permitted users to choose to keep their data confidential, rewrote its privacy policy last year to say customer data are an "asset" it may sell or transfer in the future. If an e-commerce site you bought from goes bankrupt, it could be legally required to sell your data to the highest bidder. And sites routinely sell or exchange your personal information. Privacy advocates...
There have been other recent high-profile hacks. Music retailer CD Universe lost up to 300,000 credit-card numbers; Bibliofind, a subsidiary of Amazon, had the names, addresses and credit-card numbers of 98,000 customers stolen. One thing that makes online credit-card theft more tolerable than some cyberscams: if consumers find false charges, banks and merchants should pay most of the bill...
...know how society decides what things cost. I have no idea why dvd players are so cheap and house paint costs so much. Salt used to be worth a lot of money. So did Amazon. com. It all has to do with an invisible hand, which sounds like something I was pretty sure I was going to get away with when I went to see a movie with Jackie Tudor in eighth grade but actually explains capitalism. My failure with Jackie is best explained by the foolish choice of Beverly Hills Cop II instead of Dirty Dancing...