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...that reason, progress on women's rights may depend on who succeeds Abdullah. Several royal princes are in line for the throne, and some of them, like the King's powerful half brother, Prince Nayef, are known for their conservative views. But as Saudi leaders try to wean the country's economy off its almost total dependence on oil, and develop new industries, they are bound to find that it makes little sense to keep half the country's human capital cooped up at home. Nor will the newly emerging class of Saudi professional women willingly go back...
Imagine two restaurants, one at each end of a block. One is a famous four-star establishment, known for its fine cuisine; the other is a McDonald's, popular for its low prices and speedy service. If the élite restaurant opens a branch on every nearby block, it will lose its cachet as well as its customers. Likewise, if the McD's starts serving pricey, five-course meals, its fans will take a hike. That's the central notion of this illuminating book. Maney, a veteran business journalist, calls this dichotomy the "fidelity swap." He argues that there...
...author cites handbag maker Coach as a firm that fell to earth trying to bridge market segments. Since the 1970s, Coach had been known as a luxury brand with a status more like Louis Vuitton's or Hermès'. But from 2004 to early 2008, the company opened 94 new stores and dozens of outlet shops. By the end of 2007, same-store sales were dipping for the first time in years. Says the author: "Convenience acts like antimatter to aura and identity." Likewise, Motorola took its sleek, fashionable $400 Razr cell phone and flooded the market with...
...TIME's cover story by Daniel Okrent [Oct. 5]: The violence that has beset Detroit is, sadly, well known, but the utter collapse of the public-school system is just starting to be understood. Nothing captures that collapse better than the video, popular on YouTube, that shows the shocking condition of the building that once housed Detroit's famous Cass Technical High School. Cass Tech meant a lot to me and other graduates for the opportunities it gave us. The old building, abandoned for a newer facility for the school, was a war zone--a ruin of overturned desks, textbooks...
...1970s, Brian Clough was one of the best-known figures in Britain. A talented soccer player whose career was cut short by injury, he went into management, leading not one but two unfashionable clubs to the English championship and then winning the European Cup two years in a row. He was a clever, cocky, working-class hero with an opinion on everything from Margaret Thatcher (against) to striking miners (for). Brilliant, needy, self-destructive - he was an alcoholic and had a liver transplant before he died in 2004 - he combined humor, bombast, friendships and rivalries in a long and very...