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...usually male, he’s the class clown who doesn't know any of the answers but somehow manages to talk all of the time, distracting the other children from the lesson and making an hour-long class seem like it will never end. My silver-chain wearing, Eminem-reciting, classical-music-is-only-for-white-people kingpin informed me one sticky afternoon that he couldn’t play the scheduled freezedance because, besides me, there were no “women” in the class with whom to freezedance—or should...

Author: By Antoinette C. Nwandu, | Title: POSTCARD FROM CAMBRIDGE: Waiting for Prince Charming | 7/27/2001 | See Source »

...largest online supermarket left standing--Peapod.com serving New England and Chicago--is now owned by the $65 billion Dutch mega-chain Royal Ahold. Having a Dutch uncle has won Peapod its first operating profit since the high-tech home-delivery service was founded in 1989. It expects to be fully profitable by 2003, partly because it curtailed its early ambitions. "We got too big," says Marc van Gelder, a former Ahold executive who is Peapod's ceo. "Now we're staying east of the Mississippi"--and binding the company tightly to Ahold-owned stores and distribution centers...

Author: /time Magazine | Title: E-Grocers Check Out | 7/23/2001 | See Source »

Then came a chain of Internet cafes called easyEverything, which pack 'em in by the hundreds for 24-hour cheap access to the Net ($.25 to $3 an hour). There are 20 in Europe. A new cafe in New York City's Times Square each week attracts more than 30,000 customers--students, people between jobs, travelers--with more U.S. outlets to come. The latest is his cheapo car-rental agency, easyCar, where prices start at $13 a day. "I like to invest in the brand," he says, which he jokes means "being up front about it, loud, and hope...

Author: /time Magazine | Title: Marketing: Easy All Over Europe | 7/23/2001 | See Source »

...loans would force the loan-takers to sell off assets, resulting in many cases in bankruptcy. Already, bankruptcies are at a record high. In the 12 months through June 19, 194 companies went belly-up according to bankruptcy trackers Teikoku Databank. Among those were national institutions like the Sogo chain of department stores and giant insurance company Tokyo Mutual Life...

Author: /time Magazine | Title: Tough Love | 7/23/2001 | See Source »

Chaos theorists suggest that a flap of a butterfly's wings in Brazil could set off a chain reaction that results in a tornado in Texas. The interdependent world of Italian finance works in much the same way. Early this month, the automaker Fiat - admittedly, a rather large butterfly - joined in a hostile bid for Montedison, a conglomerate whose far-flung holdings include Italy's largest private-sector electric company. Such transactions would hardly seem to be the stuff of high drama. Yet that one move called into question the power of the élite investment bank Mediobanca - which owns...

Author: /time Magazine | Title: The End of The Affair | 7/23/2001 | See Source »

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