Word: buyer
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...Some of the newest Japanese technology is being used to boost an old business: selling booze by machine. Prompted by a beverage-industry crackdown on underage drinking, several manufacturers have developed machines that can verify the age of the buyer. Kyoto-based Fujitaka, for instance, has installed sensors clever enough to read the birth date on a driver's license?and savvy enough to recognize a fake ID. Another breakthrough allows machines to send messages directly to maintenance workers, alerting them if a machine needs repair, drinks or snacks?making distribution and upkeep more efficient. Sanyo, meanwhile, has devised...
...penta-millionaires are alike. The split is generally by age--of the people and of their wealth. The World's typical buyer is just over 55, with a self-made fortune and three residences. With plenty of cash and plenty more expected, they see little need to conserve wealth. Today's new money increasingly covets exotic experiences more than fancy trappings, according to Iconoculture, a research company hired by J.P. Morgan to track wealth culture in 12 cities. Larry Samuel, a partner in Iconoculture, thinks the World taps perfectly into today's moneyed mentality: "If bragging rights are defined more...
...strategy might ultimately force a consolidation within the industry. Most e-scription start-ups, once flush with venture capital, are on the block, looking to be acquired or to align with bigger fish that can offer womb-to-tomb IT solutions. IBM's new venture will probably be a buyer, and Allscripts already has a deal with IDX, whose own back-office, practice-management system is used by more than 100,00 doctors. "This whole industry is so fragmented," says Wygod. "In order to make it more efficient, you can't have so many different players." Wygod just...
...done so on the back of a few phenomenally simple ideas, all of which owe allegiance to capitalism in its most raw and ancient form. Anyone can be a buyer and anyone can be a seller. Price is determined by the number of buyers and how much they're willing to pay. Haggling is not only mandatory, it's automated. Sales have a deadline; everything must go. And most importantly the quality of the bazaar increases exponentially with its size. There are rival online auction services - Yahoo! and Amazon.com again - but eBay still has the lion's share...
...business. He surfs to the archive of an online florist and peruses someone's recent order for roses, complete with a mushy love letter. But this man, a hacker who uses the online handle Eyestrain, isn't interested in the saccharine prose. He is focused instead on swiping the buyer's credit card details. "See? It's that simple," he says, as he cuts and pastes the number onto his desktop. Eyestrain, who doesn't want his real name revealed, says he paid for all of his computer equipment with pilfered numbers he lifted...