Word: fractionization
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Spotting trends before they're trendy and molding them into a consistent vision account for only a small fraction of Coddington's success. The rest is due to persistence. Legendary fashion photographer Arthur Elgort, who has traveled across the globe with Coddington, says they get together before every shoot to scout out locations. "There are a lot of hit-and-run editors, but Grace follows an idea from its conception to it actually going to print. The job isn't over until she has seen all the pictures and has annoyed the art department," he says. When she presents...
According to Hungarian pediatrician Dr. Denes Molnar, fully 9% of obese children and adolescents already suffer from a premorbid condition known as metabolic syndrome. Among the most worrisome symptoms are changes in blood chemistry that can trigger future health problems. A substantial fraction of chubby kids, for example, have elevated levels of LDL cholesterol, putting them at risk for atherosclerosis. Many also have elevated blood-sugar levels, a precursor of Type 2 diabetes. Around the world, the prevalence of Type 2 diabetes, formerly known as adult-onset diabetes, is soaring in the under-18 crowd. As a result, complications like...
...attack on MCI. They?ve been primarily concerned that MCI would emerge from bankruptcy with relatively light penalties and the lowest debt load in the business. (Last May, MCI reached a $750 million settlement with the Securities and Exchange Commission, the largest in the agency?s history but a fraction of the amount investors lost to fraud.) The competitors were recently helped by a whistleblower who went to Verizon and told executives there that MCI had been creatively rerouting calls to avoid paying high access fees to local carriers. In some cases, it meant the fees were dumped on other...
...dealmaking worked both ways. In the case of a big new Bundesrat office building on Schiffbauerdamm, another Wertheim property, Hertie assigned its rights to the government for just j700,000, a fraction of the estimated €20 million that the government would have had to pay at market prices. "Governments the world over give sweetheart deals," says Gary Osen, a U.S. lawyer whose suit in a New Jersey court on behalf of the Wertheim family helped to unearth some of these details. "What you don't see a lot of - and what makes this alarming - is that the government...
Ever wonder where lost luggage winds up if it never finds its way home? At unclaimedbaggage.com the website for a 31-year-old store in Scottsboro, Ala., you can buy orphan luggage and cargo at a fraction of the original cost. The site has sold a wide variety of lost goods, including cell-phone accessories, a 75-carat aquamarine, even a suit of armor. "We often say that if these bags could talk, what a story they'd tell," says Bryan Owens, Unclaimed Baggage's CEO. How does the company get its hands on these goods? Airlines pay settlements...