Word: beaning
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Dates: during 2000-2009
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...wanted so desperately for my experience in Tokyo to fit neatly into pre-determined, necessarily punctuated storylines—the quest for the best ramen bar! My dangerous Fugu adventure!—my search turned up empty. Then came the nostalgic period. It started with the green tea bean jelly at the Roppongi Building in Tokyo Midtown. It continued with the lotus-seed bun at a local 7-Eleven and built right through the cow tongue before Karaoke, the glutinous rice balls at Miyajima, and the plum wine at a restaurant in downtown Tokyo that tasted exactly like Clearly...
...year. Traffic at U.S. stores dropped for the first time in its history, and then comparable-store sales--a key measure of a retailer's health--turned negative too. Its stock has slid some 40% in the past 12 months, shaving more than $400 million from Schultz's personal bean pile...
...Lenders refused to lend, clients refused to trade, and suddenly Bear was out of money. It was a bank run, more or less. And the scary thing was that there is no entirely satisfactory explanation for why it hit Bear. One may emerge as JPMorgan Chase's bean counters dig through the books, and some have fingered rumor-mongering short sellers who stood to gain as the stock dropped, but for now it mainly looks like just a sudden crisis of confidence. Which could conceivably happen to anybody. "It's a good old-time panic," says Scott MacDonald, co-author...
...broadest changes is a loyalty-rewards program starting in mid-April for anyone who buys a Starbucks card and registers it online. Participants will get free refills on drip coffee, a free cup of coffee when they buy a bag of whole bean coffee, two free hours of Wi-Fi a day and free upgrades - including syrups, soy milk, and extra whipped cream - on all lattes...
...early January, Schultz (who took over Starbucks in 1987 when it was a six-shop coffee bean retailer), resumed the title of CEO, a position he originally left in 2000 for a seat on the board of directors. Since then, the company has announced a number of major changes. On January 30, the company said it would stop selling breakfast sandwiches (in response to criticism that the odor covered up the smell of coffee), slow its rapid pace of opening stores in the U.S., and no longer report comparable-store sales to Wall Street - a sign that the company...