Word: goldings
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...album to her record label, Capitol, there were polite nods and a sales prediction--"Goldish," recalls Phair, or around 500,000 copies. In the cruel calculus of the record business--in which everyone gets his cut before the artist and a majority of singers owe their record companies money--gold barely pays the bills. "It takes me a long time to make a record, and I burn through a lot of cash and a lot of energy," says Phair. "To hear that it'll be [only] O.K. successful brings you down...
Divinity School students wore gold halos affixed to their mortarboards, Law School students brandished inflated plastic sharks and Business School students waved dollar bills. Graduates from the School of Education carried children’s books, while Medical School students swung surgical masks in the air and Kennedy School of Government degree recipients tossed around inflated plastic globes...
...choice of cell phones. Consider the Samsung SGH-T500, introduced earlier this year in Asian markets and selling for the equivalent of $500. Samsung bills it as "a female-centric mobile phone." Why? It's so pretty, for one thing, available in four colors, including Sapphire Blue and Topaz Gold, and featuring a ring of synthetic diamonds around the exterior display. It also offers "multiple female features," including a biorhythm calculator, a calorie counter, and a calendar that tracks the owner's menstrual cycles. Samsung says the T500 "completes communication for all the descendants of Eve." Except the American ones...
...years of 30% profit margins have drawn complaints of price gouging--and a host of new competitors ranging from big U.S. banks (Bank of America, Citigroup, U.S. Bancorp, Wells Fargo) to credit unions to foreign niche players like Remit2India.com and FXRemit.com which caters to Filipinos. Western Union president Christina Gold, 55, a former Avon executive, is responding by giving her firm a makeover. Long billed as the "Fastest Way to Send Money," Western Union has just launched a $300 million global ad campaign using a new slogan, "Uniting People with Possibilities." The company is clearly trying to soften its image...
...money transfers are Western Union's bread and butter, last year accounting for 80% of the division's revenues, which in turn make up some 40% of First Data's. "It's a sleeping giant," Gold says of her company, "in the sense that many people still think of us as an old telegraph company and don't really recognize how connected we are to the populations of the world." Appointed president in May 2002, Gold, a Montreal native, is working to update the company's image, which was one of her specialties when she ran Avon Products' North America...