Word: foundering
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...wild in the opening and closing minutes of most sessions, algorithm-based traders are rewriting programs to squeeze their moves into increasingly narrow bands of time. "It may be good, it may be bad, but I don't thank any of us can stop it," said Robert Almgren, co-founder of Quantitative Brokers...
...only signed up for a $57 billion IMF package, he embraced even more sweeping reforms than the IMF called for. By the time the storm had passed, some of South Korea's biggest companies had disappeared. Mighty Daewoo, one of the Big Four chaebol, was dismembered and its founder prosecuted. But others used the crisis as a spur to tough action. Samsung Electronics boss Lee Kun Hee, his back to the wall, browbeat top executives into rethinking the company. A decade later, Samsung is a global powerhouse with design and technology sophistication that was impossible to imagine at the time...
...also a promoter and the founder of Beijing electronica label Shanshui Records. "The great thing about the experimental scene in Beijing," he says, "is that it's easy for musicians to get a foot in the door." But it's not that easy to make a living - in fact, Sulumi is one of the few to pull it off. "I do commercial performances sometimes, which is where I get my income," he shrugs. "But making music is my life - I don't need any other motivation...
...know when a company is losing its way? With Mambo Graphics, a clue for co-founder Dare Jennings lay in the way some of its people were handling the firm's star artist. This was the early 2000s, after Jennings and Andrew Rich had sold the company for a rumored $20 million to the giant rag-trader Gazal Corporation. Having stayed on as creative director, Jennings was amused to see certain staffers treating Reg Mombassa like a tradesman. "They would come to me and say, 'Can Reg do something for us?' Later it would be, 'Now, Reg, this is what...
...voters, almost one-fifth of the electorate, EMS, and the centrist trend is creeping into once solid GOP bastions like Sarasota. Crossover Republicans like Geyer are news; but Sarasota Democrats can be just as averse to straight-ticket life. David Grain, 46, an African-American Democrat and the millionaire founder of Grain Communications, is a top fund raiser for Obama but also for Sarasota GOP congressional incumbent Vern Buchanan. "The whole party arrangement has gotten very old and stale for people like me," says Grain. Consequently, hyper-partisan campaigning has become a turnoff for a growing number of Floridians...