Word: ende
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Dates: during 1990-1999
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...they hemorrhaging cash? Amazon--the company everyone wants to be like--could lose nearly $350 million this year. O.K., the Net is different, but don't profits and losses matter anymore? They do. Bezos insists Amazon's oldest businesses--books, music and video--will be profitable by the end...
...Bezos, who initially questioned his son's sanity when he heard him say he was quitting his cushy job to start a company that would probably fail. But this was Jeff, after all, and his parents trusted him and believed in him every moment of his life. In the end, "we talked about it for two minutes," says Jackie Bezos. They ponied up $300,000, a huge chunk of the money they had saved for retirement. "We didn't invest in Amazon," says his mother, "we invested in Jeff." The ROJ--return on Jeff--was substantial. Today, as 6% owners...
...which need growth and feeding, and adult businesses, which must pay their own way. This brings him to B, M and V, which stand for books, music and video, Amazon's three oldest product lines. And the P is the news, for this trinity is nearing adulthood. "By the end of the year 2000," Bezos says, "we're going to make them profitable...
When the stock market-obsessed U.S. deems a profession to be too menial for its best and brightest, it imports drudge workers from abroad. At some point, teaching - once seen as noble - took on the status of low-end work, both in salary and prestige. So this week Chicago received federal clearance to become the second major city in recent years to import talent from abroad. The Windy City finds itself unable to fill at least 400 teaching vacancies each year, and it's not alone - earlier this year the Department of Labor declared a critical national labor shortage...
...Domestic political concerns, rather than U.S. criticism, may yet restrain Moscow. Prime Minister Vladimir Putin's comments on Thursday that the end of the Chechnya campaign was "close" suggest that the political logic that pushed Moscow into this war may now prompt it to prematurely declare victory. "The primary political objective of this war is to get Putin elected president next year," says TIME Moscow correspondent Andrew Meier. "And Putin's handlers recognize that as fast as he's risen on the success of Chechyna thus far, he could fall just as fast if the public begins to perceive that...