Word: globalize
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Dates: during 1990-1999
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...legal, they are anything but clean--at least in an ethical sense. Angola's diamonds, mined by thousands of men, women and children in backbreaking alluvial pits, fuel a rebel war that has torn the country apart for more than two decades. In a strange juxtaposition of the global economy, their hard work, which provides the resources to help buy some of the most lethal weapons on earth, also produces baubles for the delicate fingers of the world's brides in the most romantic moments of their life. Love and war have often been conjoined, but rarely like this...
...Yahoo? Softbank is the largest single investor, with 23%. PeoplePC, the $24.95-a-month service that gives you a free computer and online access, is a Softbank-affiliated company. So is online grocer Webvan, whose initial public offering three weeks ago soared 66% on Day One. So too is Global Sports, which just launched shopping sites for Athlete's Foot and a host of other sporting-goods stores. And so on, to the tune of more than $40 billion in around 130 companies (even Softbank executives have trouble counting) or by various estimates, about 10% of the companies that...
...them. He aims to gain implicit control with a 20%-to-30% stake in each and to build a web of mutual cross-investments with sales, marketing and supply ties. "I want us to be No. 1 in every area," says Son. In five years he expects the global Softbank family to grow to 780 companies...
...months-- although "investing" hardly describes the act of writing checks as fast as you can. Last month Softbank opened Hotbank, an incubator for start-ups. There has been no need to advertise. Each week hundreds of applications pour into Hotbank; out come announcements of new Softbank allies: PeoplePC, Webvan, Global Sports, InsWeb, WebMD...
...owns all of the good properties and has hotels on Boardwalk and Park Place, one still has to give him credit. Gates has made it his business to remember those in this world who are born into absolute poverty. For instance, he recently donated $250 million to the Global Alliance for Vaccine and Immunization--and that's not play money. BARBARA J. HALEY Victoria...