Word: fobbed
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Dates: during 2000-2009
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...Arizona a busy mom with kids charges fast food to her American Express by flashing a key fob in front of a plastic box. In London the same technology helps retailer Marks & Spencer track gourmet dinners to prevent spoilage. The U.S. military used it in Iraq to electronically search supplies and keep tabs on hospital patients. In Singapore and Helsinki DHL tested it in anticipation of tracking the 160 million packages it ships annually. And in Arkansas the world's biggest retailer, Wal-Mart, is telling its top 100 suppliers to put it on all cases and pallets...
...alternative to cash for purchases where speed and convenience are important, such as at fast-food restaurants, gas stations and dry cleaners. In July Amex set up a real-world RFID test in Phoenix, Ariz., allowing card users and employees to charge at 200 merchants with an RFID-ready fob attached to a key chain. Amex vice president David Bonalle says RFID pilots have cut transaction time 30% to 50% and average sales have gone...
...focus groups. "It sure would be easier than fumbling around in my purse," says Tracey Serenka, who had her two sons--Eric, 1, and Jason, 4--in tow at a Carl's Jr. recently. Another advantage over a credit card: there is no name or signature on the fob, and the account number differs from that on the user's regular card, reducing chances that crooks can steal from the account. If the fob is stolen or lost, American Express eats the liability...
...inspires strategy in places where he holds no board seat or investment stake. Look again at the earnings-guidance issue. Daft sought out Buffett. McDonald's made its announcement after CEO Jim Cantalupo had turned to one of his advisers--Don Keough, a former long-time Coke executive and FOB (Friend of Buffett). Keough had adopted Buffett's view. On the question of expensing stock options, Cathleen Black, president of Hearst Magazines, who sits with Buffett on the Coke board, has broached the idea at IBM, another firm at which she serves as a director. Diller says he intends...
...increase if food and drugs were exempted from the sales tax; his wife is an ardent feminist who uses her maiden name, and he is a competent jazz saxophonist. He looks like a Kennedy and even breaks his campaigning for impromptu touch-football games. Along with Alabama's ["Fob"] James, 44, Florida's [Robert] Graham, 42, and South Carolina's Richard Riley, 45, he is part of a drove of Democrats who have infused fresh blood into Southern Governors' mansions and who may someday--it has happened before--be important on the national scene. --TIME...