Word: globality
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Dates: during 1990-1999
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...what's going on here? There is no mystery about what caused the 1998 squeeze: company executives could not raise prices, no matter how much an increase might have been justified by rising costs, without losing market share to a host of U.S. and global competitors. The current rebound is more difficult to explain: competition is certainly no less keen, nor price boosts any less risky. But Abby Joseph Cohen, chair of the investment-policy committee of Goldman Sachs, gives much of the credit to corporate managers who have figured out effective strategies for prospering in that environment. To scratch...
...boom has not only rolled on but also speeded up. And marketing errors such as Mondavi's are relatively easy to recover from in an atmosphere of rising incomes and free consumer spending. But even if the 1998 profit lag was an aberration, as many economists think, U.S. and global production capacity still exceeds demand, and price competition is relentlessly sharp. Keeping profits up still requires astute strategy--and not a little ruthlessness...
Messing's bold move has caused a revolution in the macho world of global soccer. Europeans, who cheer for female runners and skiers, have disparaged the women's game of football as a dainty imitation of the real thing. But with attitudes changing, and with the Yanks kicking their derrieres, soccer federations in Germany, Denmark and elsewhere have begun pouring money into their women's programs. This time federations have sent advance scouts and brought their teams over early to train...
...worst year on record for natural disasters, the bad news is that worse is to come. "The impact of climate change brought on by global warming is being multiplied by problems such as poverty, population growth and new antibiotic-resistant diseases," says TIME U.N. correspondent William Dowell. Honduran and Nicaraguan urban shanty dwellers were more vulnerable to the flooding caused by Hurricane Mitch than were their middle-class neighbors, while the burden of last year?s harsh Northern Hemisphere winter was heaviest for the 44 million Russians who live in poverty. "Even greater calamities are looming on the horizon...
...before being vetoed by the President, who was angered by a tacked-on bill banning late-term abortions. Meanwhile, the U.N. says the U.S. still owes another $690 million -? but it?s likely to take what it can get. And the next Milosevic may even face a better-organized global police force. "This has been an embarrassing period for the U.S.," says Dowell, "and when it?s finally over, the next time the U.S. needs a truly international coalition, it may just be able...