Word: brashness
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...consumers. Now some utilities are saddled with high-cost plants, particularly nuclear facilities, just as lower-cost competitors are moving in. So high-cost outfits like Boston Edison and the New England Electric System in Massachusetts are selling off their generating plants to deliver power produced by other companies. Brash newcomers such as Enron Corp. of Houston, one of the country's largest distributors of natural gas, are buying megawatts of electricity on the open market and selling them around the country. It's called wheeling...
...brash approach to dealmaking defies Japan's hidebound business tradition. "When we started Softbank," says Son, "we didn't have money, we didn't have experience, people, talent or infrastructure. That was the first stage, and now we are on to the second and third stages." He likes to tell the tale of his joint venture with Murdoch: it was last April, and Murdoch's office called to ask if the Softbank chairman would speak at a News Corp. reception in Tokyo. Son's assistant, protective of his schedule and not recognizing the Murdoch name, dutifully turned down the request...
...CalPERS and others are getting drunk with power--as did brash dealmakers in the power seats of the '80s. Consider this year's losers list, announced last week. Sure, it has some real dogs, such as struggling Apple Computers Inc. and Stride Rite, a worn-out shoe company. But CalPERS also stepped on sneaker company Reebok. This is odd, given that Reebok's stock has doubled in 10 months and beaten the market averages handily in the past year. That's not all: Reebok shares have risen an average annual 29% since the bull market began in October 1990--outdistancing...
Indeed, what first strikes an American theatergoer on seeing these plays in London is how much respect they are accorded. Brash young directors like Stephen Daldry and Sam Mendes are busy deconstructing British oldies like An Inspector Calls or finding quirky new takes on Shakespeare. But the directors of these American classics have treated them for the most part with straightforward fidelity. The second thing one notices is how well the British actors handle the American idiom. Aside from an occasional slip--listen for those long e's in been--the American accents are convincing, or at least unobtrusive...
...Essence of Emeril (The TV Food Network) Cooking shows have been notoriously bland offerings during the past few years but the brash New Orleans chef Emeril Lagasse has arrived to bring on the spice. Spirited and prone to free-association, he is a kind of Frank Sinatra of cooking-show hosts, a kitchen-bound swinger who begins segments like this: "Lamb shanks, if you can find 'em--you get 'em, baby...