Word: banking
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...banks and other financial-services companies starved for cash by the subprime-credit crises, where they obtain bailout money is less important than the fact that it's available at all. Just ask investors in Citigroup or UBS. The big Swiss bank had to take a $10 billion write-down--it had already taken a $4.4 billion hit--on the value of its "super-senior" subprime portfolio, those formerly top-rated bonds. To restore its capital base, UBS sold $8.9 billion in convertible notes to the Government of Singapore Investment Corp. (GIC) and an additional $1.8 billion...
...Pepsi Generation" ad. On average, the Yazegis sold 10,000 cases of 2-L six-packs of Pepsi and 7Up a day, though demand often rose during the hot, humid summer months There is no Coke franchise in Gaza. Before the blockade, the National Beverage Company (the West Bank Coke bottler) trucked it into Gaza from Ramallah. Back then, a bottle of Pepsi sold for 65¢. Now a bottle costs $1.30--if you can find...
Most businesses worry about competition, but for the Yazegis and other Gaza merchants, it's politics and the often deadly conflict between Israelis and Palestinians. Gaza, along with the other Palestinian territory of the West Bank, was slapped with an economic blockade by Israel and the international community in early 2006 when Islamic militants belonging to Hamas--which is opposed to Israel's existence--won the Palestinian elections, beating President Mahmoud Abbas' Fatah Movement. That victory was reinforced in June when Hamas chased Fatah's armed militia out of Gaza. The Yazegis have thrived by steering clear of the fratricidal...
...shadow, with fears that once again too much money is chasing too few good ideas. The drive to go green, so strong today, could rapidly lose momentum if oil prices were to drop significantly, and it hasn't escaped notice that clean tech has yet to produce a bank-breaking success like Netscape, which made Kleiner Perkins a fortune. "Everybody with a dollar thinks they're a clean-tech investor now," says Foundation Capital's Grosser. "A ton of people could lose a lot of money on solar or biofuels." But defenders point out that the burgeoning energy needs...
...from the mainstream business world are migrating into the clean-tech sector - because they want to help the planet and their bankbook. Lois Quam, a pioneering health-care executive, who was last year named one of Fortune's 50 Most Powerful Women in Business, joined the Minneapolis-based investment bank Piper Jaffray to guide its rapidly growing alternative-energy portfolio. "You see so many good companies and entrepreneurs entering this space," says Quam. "This is the biggest business opportunity for this country...