Word: joints
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...think your writer Steve Lopez would think the concept of a drive-through strip joint was so funny if it was in his neighborhood [STEVE LOPEZ'S AMERICA, Oct. 2]! There are already two nude dance clubs in Salem Township. How many do you need in a community of 7,500 people? I can't believe the owner of the Climax Gentleman's Club believes he is in the "entertainment business." P.T. Barnum would turn over in his grave to have his name mentioned in connection with this article. LINDA FREY Apollo...
...loans are inaccessible to small enterprises. "We had to come up with a different game plan in order to arrange deals that the banks wouldn't touch. Using equipment or technical know-how as equity is usually satisfactory to both partners." Earlier this year, Dichter brokered a fifty-fifty joint venture, worth about $250,000, between Akshay Urja in Poona, India, and a company called Ekrani in Tbilisi, Georgia, to manufacture solar hot-water-heating systems for sale in the former Soviet republics. The Indian company will provide production technology and marketing savvy, and the Georgian firm will provide...
...brands' coziness limits competition and that together they unfairly keep other teams (read American Express and Discover) off the playing field. Since 1976--after a Justice Department review nudged the brands toward so-called duality--banks have been able to issue both Visa and MasterCard. The brands are actually joint ventures owned by the banks that issue cards. Trouble is, the government says, the same powerful banks control both associations. The biggest banks have been able to sit on one brand's board of directors and hold great sway in the other. That's not all. Visa and MasterCard restrict...
...brands "would not result in massive changes in credit cards for consumers," says Anita Boomstein, an attorney with Hughes, Hubbard & Reed. Analysts who follow the case say that with 27,000 types of credit cards available in the U.S. from more than 6,000 banks, the addition of a joint "Your Bank-Amex" credit card would not make a big difference to consumers numbed by interest rates and fees...
...some analysts say CyberWorks' problems go deeper than short-term stock volatility. Several strategic joint ventures aimed at turning the younger Li into Asia's most dynamic multimedia baron have failed to materialize in recent months. One deal was intended to enable CyberWorks to distribute Chinese-language content to the mainland. CyberWorks has also been unable to persuade Japanese Internet giant Softbank to distribute its Network of the World (NOW), a broadband Internet service delivered across Asia to television sets, computers and wireless devices. "This suggests it isn't as attractive as its potential partners once thought it was," says...