Word: heinze
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...know where Ott shops. New York City has some of the worst grocery stores in the country, hands down. In the rest of America, they build supermarkets the size of convention centers, and fill them with every kind of soup Campbell's ever made and all of Heinz's 57 varieties. In the city, ours are the size of subway cars, filled with the same kind of really angry people trying to squeeze their carts past one another so they can buy 28 oz. of peanut butter for $6. Selection? Ha. We get chicken noodle and tomato soup...
...DIED. Heinz Berggruen, 93, German Jewish art collector turned unofficial diplomat; outside Paris. The Berlin-born Berggruen, who specialized in the works of 20th century artists, such as Henri Matisse, Paul Klee and his good friend Pablo Picasso, fled Nazi Germany for the U.S. and later established an esteemed gallery in postwar Paris. In the mid-1990s he famously moved his formidable collection to Berlin. Hailed for the conciliatory gesture by a once exiled Jew, he helped reinvigorate Germany's collection of modern art, earlier dismissed as degenerate by Hitler...
...future. Human activity is causing warmer weather, extreme changes in precipitation patterns, glacial melting, and rising sea levels, according to the report. The panel was able to reach its near-certain consensus due to the increasing availability of documentation of weather patterns and more sophisticated observation tools. Heinz Professor of Environmental Policy at the John F. Kennedy School of Government John P. Holdren called the report “an affirmation by a prestigious and diverse international body that climate change is real and increasingly dangerous.” Holdren pointed to the significance of the fact that a large...
...loners of the investment world. Eddie Lampert used his hedge fund to take over Kmart and Sears, then funneled the stores' cash flow into derivatives trades--which last quarter made $101 million, half the company's net income. Nelson Peltz used his to storm onto the board of H.J. Heinz. "By many different definitions," says William Goetzmann, professor of finance at Yale School of Management, "we're seeing the institutionalization of hedge funds...
...first steel mill, first hydroelectric plant, first textile mill, first shipping line, first cement factory and even its first world-class hotel. His successors--among them J.R.D. Tata, India's first pilot--created the first airline, first motor company, first bank and first chemical plant. And much like H.J. Heinz in the U.S., J.N. Tata attached social welfare to his business. Tata Steel introduced a series of worker benefits that would become common only much later in the West: the eight-hour day in 1912, maternity benefits in 1928 and profit sharing...