Word: ikea
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...their five young children, and she has no involvement with day-to-day operations. Karl and Theo Albrecht, the secretive German brothers who rank as the richest people in Europe, are withdrawing from the management of their firm, discount retailer Aldi. Sweden's Ingvar Kamprad, who created the IKEA furniture chain, has retired to a Swiss lakeside resort, leaving ownership of his empire to a foundation--and keeping everyone guessing whether any of his three sons will take over the business...
...Craigslist is the bomb,” J.K. Costello ’03 extols in an e-mail. “After narrowly missing out on a queen size bed for $25, I found an Ikea queen-size bed a day later for $120. All the prices were so cheap, and I met a super-sweet girl in a punk band as a result,” he writes. Other students have used the site to find summer housing or simply to buy and sell items ranging from coffee tables to laptops...
...business translates effectively to the moon." The lack of a lunar atmosphere, for example, would add thousands of years to the life of data storage. And who knows? With earth-bound economic institutions in turmoil, even if we mess this planet up maybe someday we can still find an IKEA on the moon. THE BOURSE Bear market bargain Hamleys, the British toy-retailing institution, used the economic downturn to go bargain shopping, buying defunct English Teddy Bear Co. for $1.1 million. Disastrous Insurance Europe's ailing insurance industry claimed a few more casualties. Top executives at Italy's Assicurazioni Generali...
...Settlement Ikea paid the government in May 2001 for importing $14,000 worth of rugs from a Taliban-controlled area of Afghanistan, a violation of trade sanctions...
There is an educational veneer to Spaces, which offers bold, cheap ways to fight IKEA-fied homogeneity--what executive producer Denise Cramsey calls "the maroon, dark green and oatmealization of America." But what hooks viewers is the race against the clock (the homeowners, helped by a carpenter and crew, pull near all-nighters, sewing and painting like sweatshop laborers) and the personalities...