Word: findings
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Dates: during 1990-1999
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...marketplace whoever has the most information wins. While it used to be sellers who had all the information, buyers are getting smarter and smarter. At sites like mysimon.com it's possible to go shopping and search not only Amazon but also the collections of two dozen other booksellers to find the best deal. And in coming years--heck, at Net speed, in coming months--it will be possible to find the cheapest price on just about anything: wines, CDs, perhaps even body parts...
...calculator up for sale on eBay for $100. Within a few days the calculator-loving collectors of the Web had bid the price up to $6,500. The antiques sellers had had no idea that they were sitting on a gem. But the Web's information-driven economics helped find the right price...
...firearms and certain live animals. You name it, Amazon will sell it. "Anything," says Bezos, "with a capital A." And that's the point: Jeffrey Preston Bezos is trying to assemble nothing less than Earth's biggest selection of goods, then put them on his website for people to find and buy. Not just physical things that you can touch, but services too, such as banking, insurance, travel...
Bezos, naturally enough, is unmoved by the naysaying because he's convinced that as more customers come to his site, he'll be able to offer the lowest prices. And they will come because Amazon simply does the best job of helping them find stuff. But what if they use his site for research, then go elsewhere for the cheapest price? Bezos has considered that as well. And he has a possible solution: "Membership clubs!" he says. "If you want to see all the information we collect on Amazon--the customer reviews, the professional reviews and use our agenting technology...
...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 in teaching areas including science, mathematics and bilingual education. In October, Congress approved $1.2 billion for teacher training and hiring...