Word: fasts
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William Fung has a clear idea of where all this streamlining will lead. "In 10, 20 years, consumers will buy directly from the factory over the Internet," he says. "We want to be the people operating it." The new Fung recruit, meanwhile, already shows some attributes needed in the fast-paced global industry. He has a penchant for fast cars (he zips around in one of his two black souped-up BMW M5s) and air travel (he writes a private blog about his plane trips). "It's good to be here," Terence says. A techie who once...
...while the country stagnates in destitution and inflation. Partly that's due to the lack of a diversified economy to harness the oil wealth. As a foreign diplomat puts it, "If you're dying of thirst, you can't drink from a fire hose. The water comes out too fast." But it's also due to corruption: a 2004 Human Rights Watch report claimed that $4.22 billion in oil revenues went missing from Angola from...
...here's the real shocker: Huffman taps into his new fast pipe through a wall socket--any old socket in the house will do. "Now if I could just figure out a way to get rid of all these pop-up ads," he says, settling down to clean the spam...
...into an electrical outlet, and you're online. The connection speeds are likely to be slower than the typical cable-modem setup (which clocks in at 1 mbps or faster), but they are comparable to most DSL services, which tend to run at about 500 kbps (10 times as fast as dial-up). And BPL is a symmetrical service, meaning it's just as fast sending out digital photos and other fat files as it is bringing them in; cable and DSL services are typically much slower on the upstream...
Fernandes, 40, a fast-talking Malaysian, has become the poster child for the new movement. A 12-year veteran of Warner Music in Asia, Fernandes sold his pricey AOL Time Warner stock options and in 2001 bought into a sleepy two-plane airline in Kuala Lumpur. He now has 22 planes and is seeking to buy 80 more over the next eight years. AirAsia has gone from 12 flights a day to 100, including runs from Kuala Lumpur to Jakarta, from Bangkok to the gambling mecca of Macau and even flights to Bali. He's also eyeing China and India...