Word: buildings
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Dates: during 1990-1999
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...electronic shopping could possibly feel this alive. If it is a sign of an e-world yet to come, a place in which technology allows all of us to shop, communicate and live closer together, then Jeff Bezos has done more than construct an online mall. He's helped build the foundation of our future...
Here in Coffeyville is another piece of the proof that Bezos' early and fervent belief in the Internet--that it would rock retailing, that it would change the way we live--stands as one of the more prescient assumptions ever made by a businessperson. "We're trying to build something lasting," Bezos says, looking at this 850,000-sq.-ft. monument to free trade. The warehouse is stocked with books, CDs, TVs, stereos, video games, software, toys. And yet only 10% of the area is being used. The rest is stretch space, here for the ongoing e-commerce revolution...
...Anyway," he adds quickly, self-deprecatingly, in probably the same way he told people his start-up had only a 30% chance of success, "it'll be a long time before we build a lasting company." And then he laughs and laughs and laughs...
...long can you build warehouses to the sky and not fill them? Says Scott Sipprelle, founding partner of the investment firm Midtown Research Group: "The chance of a painful failure goes up as they increase the chips on the table. Just look at the metrics. As the company grows in scale, the absolute dollars it's losing are greater and greater: debt is going up, margins are going down and cash burn is increasing...
...pope may be wondering just how welcome a guest he will be in Israel. Just two months after overriding Catholic objections to allow Muslims to build a mosque adjacent to the Church of the Annunciation in Nazareth, the Israeli government angered the Vatican Sunday by breaching diplomatic protocol in announcing that Pope John Paul II will visit the Holy Land in March (the Vatican considers that it should make announcements about the pope's schedule). "The Israeli government regards the papal visit as a coup, because they believe that his visit to Jerusalem as a guest of Israel lends legitimacy...