Word: friction
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Dates: during 1990-1999
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...high because they get to choose the lowest one being offered by any seller in the world. Location becomes unimportant. You're not penalized for being a seller stuck in low-traffic, low-price Bismarck or a buyer shopping in high-cost Manhattan. Auctions also minimize transaction costs ("friction" in e-commerce-speak) and eliminate the need to operate bricks-and-mortar stores. Online auctions "wring out the inefficiencies in the supply-chain process," says FairMarket CEO Scott Randall. They also benefit from Metcalfe's Law (named after Robert Metcalfe, the founder of 3Com Corp.): the value of a network...
...real undoing may have been the ill-fated alliance he made last fall with Jeffrey Sachs, a principal of the Chase Capital Entertainment Partners investment fund. Cassandra-Chase looked perfect on paper: Chase brought the structure to do private equity investment, and Giacchetto brought his high-wattage clients. But friction developed fast. Among the sore points, Cassandra-Chase's investment in Digital Entertainment Network, an Internet start-up whose chairman resigned after the out-of-court settlement of a suit that alleged he had molested a 13-year...
Hashimoto addressed U.S.-Japanese relations, saying he hoped "small sources of friction" wouldn't disrupt the common ground already established between the two nations...
...kneading and friction); Neuromuscular massage (applying finger pressure to individual muscles); Deep tissue massage (slow strokes, direct pressure, friction); Sports Massage (specially modified to deal with the needs of the athlete); and Shiatsu (Japanese technique performed on the floor...
Rudenstine also spoke about the sale of the Riverway at Mission Park low-income housing complex in Roxbury to its tenants' association. The complex was built after a Harvard land purchase in the 1960s created community friction...