Word: globalization
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Dates: during 1990-1999
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...NUBIANS Princesses Nubiennes (Omtown). Helene and Celia Faussart, singing sisters from Bordeaux, France, boast a global sound: they take African rhythms and American soul and top them off with a cool, seductive delivery that's distinctively French. A magical musical package tour...
Nothing on your map of global events sounds as exciting as a New Year's Eve celebrated in Timbuktu, Mali. Already fully booked by tourists for this year's celebration, a night there takes the cake for being the most original way to spend the end of the century: in Africa, at the "end of the world" in Timbuktu! SAMIRA MEGHDESSIAN Conakry, Guinea...
There is no such thing as a global marketplace. There is only the same old colonial imperialism exploiting Third World labor rates. Only now it is driven by multinational businesses instead of political entities. When the average Chinese worker is able to pay $100 for his kids' sneakers and can afford to drive a Ford to his local Starbucks, you can talk to me about a global economy. MATT LESNIESKI Stanhope...
Wall Street investors are fretting over the future of the global colossus, while business strategists ponder what went wrong. Last week Coke named Australian-born Douglas Daft, 56, who runs the company's Asia and Middle East operations, as president and heir- apparent. But that didn't do anything for Coke's stock price, which fell $4.125 a share last Monday on the news of Ivester's retirement--a 6% drop that knocked $9.9 billion off the company's market value--and dropped 75[cents] more by Friday's close...
...warning bells in Atlanta. But Ivester, known for his bulldog tenacity, pushed ahead with expansion plans. Coke had built its omnipresence in the 1980s by welding together a motley collection of soft-drink bottlers into the most powerful distribution channel on earth. Ivester felt compelled to fill that global network despite the spreading financial contagion. Instead of paring growth targets, he embarked on a flurry of acquisitions to put more products into the pipeline...