Word: jointing
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Yesterday, Peterson and his colleagues wrote a joint letter to the Times suggesting that the article generated controversy where there was none to be found...
More mergers are surely on the way. Lehman Bros. and Bear Stearns, both independent New York investment banks, currently lack the capital to compete with rivals that are suddenly much larger. Even the giant Merrill Lynch could soon be forced into a deal - Merrill already has a $1 billion joint venture focused on newly affluent individual investors with Britain's HSBC, a huge financial holding company; if the two expand their partnership, the global reach of American banking could extend even further...
Colin Powell, when he was Chairman of the Joint Chiefs of Staff, upheld a doctrine that called for decisive use of U.S. military force with a clear goal. That notion eroded under his successor, John Shalikashvili, who told Congress in 1995 that U.S. troops sent to Bosnia as peacekeepers would be home within a year. Five years later, 5,000 U.S. troops are still there. An additional 6,000 are patrolling nearby Kosovo. Republicans on Capitol Hill have criticized such costly deployments as dulling the U.S. military's fighting edge...
Which may help explain why Amazon itself acts like a hyperactive kid at the holidays--forever playing with something new. Last week Bezos got into the automobile business through a joint venture with Greenlight.com Customers can now order an Audi or a Chevy alongside electric drills and Oprah books. And it doesn't stop there. This week Amazon is set to open its Paris-based online store, Amazon.fr, a brave bid to raise international sales despite the fact that less than 1% of book sales in France are done online--and not for want of dotcoms...
...hasn't been the best of times for TIME's 1999 Person of the Year. Except for one widely applauded joint operating deal with Toys "R" Us, such frantic unwrappings have not gone down well in an increasingly skeptical marketplace. Strong doubts are setting in over whether cybershoppers will ever turn to Amazon for big-ticket items. "Beyond books, music and videos, it's unclear whether they have a sustainable business," says Alan Alper, an analyst at e-commerce watchdog Gomez Advisors. Which raises a horrifying prospect for all e-tailing: Is the poster child for the new economy...