Word: capitalistically
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Dalias' first clever move was to enlist a champion with a gold-plated international Rolodex: Michael Feinstein, a senior principal at Atlas Venture in Boston. Before becoming a venture capitalist, Feinstein had been vice president of marketing in charge of global sales at New Oak Communications, a maker of Internet security devices that is now part of Nortel Networks. Through his contacts, Feinstein was able to entice the business-development director of NetOne to visit WaveSmith at its Acton, Mass., headquarters for a demonstration of its new multiservice switch. The product, which transmits data, voice and video in a carrier...
...began work on reconnecting two railways across their sealed border, in a symbolic step that Seoul said would "lay a bridge of reconciliation." Ceremonies to mark the start of construction were held on both sides of the 4-km-wide, landmined buffer zone that has divided communist North and capitalist South since the Korean War ended in 1953. Kim Suk Soo, South Korea's Prime Minister-designate, said the rail links would allow the two Koreas to build a "single economic community," reviving the North's ailing economy and helping the way to reunification of the two states. EARTH Upside...
...there were 35. National practices and legislation still vary widely, however. Among the biggest differences: firms in Germany, Denmark, the Netherlands and Austria have two separate boards - one for day-to-day management and the other, which by law includes employee representatives, for oversight. The U.K., with its freewheeling capitalist culture and well-established stock market, is in many respects closer to the U.S. than to its Continental neighbors, where ownership is often more concentrated. But even the British have misgivings about the new U.S. legislation. "We must place on record the firm view in support of the principle that...
...rather stringent terms of the IMF's loan if he is elected on Oct. 6, neither he nor second-ranked Ciro Gomes, the candidate of the Workers Front coalition, is regarded with much enthusiasm in Washington. A former metalworker known for probity, Lula insists he won't nix the capitalist reforms but will make them fairer--starting with a crackdown on Brazil's epic tax evasion...
...eight other families. To her, free-market reforms mean that Brazil's World Cup-champion soccer team "gets free new cars, while we sit here on the street and get nothing." The Bush bailouts may buy time, but they may not be enough to prop up faith in the capitalist road to prosperity. --With reporting by Sol Biderman/Sao Paulo and Matthew Cooper and Massimo Calabresi/Washington