Word: lions
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Dates: during 2000-2009
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Celine Dion begins a three-year gig at Caesars Palace in Las Vegas next year. She should be right at home in the city of Siegfried & Roy. Dion doesn't make anything disappear except albums--140 million sold worldwide--but like the strangely tanned lion tamers, she specializes in providing big, mainstream entertainment with a chimerical twist...
...tamer than it used to be, if the economy is now able to roll with the most horrific punches with its expansion more or less intact, it now seems that even more than Greenspan's rate policy or businesses' New Economy agilities, the modern American consumer deserves the lion's share of the credit. Trouble is, we may be about to find out that the first New Recession - the kind we're not even sure happened - may come with a New Recovery that's equally undramatic...
...Business is also booming for Lion Liu, who sells some 300 electronic-device detectors a month to gynecologists, hospitals, department stores and local police?in competition with Lee of Singa Takara Enterprises. Not to be outdone by Liu, Lee has been working overtime, networking with public officials, publicly deriding his rival's lack of competence and making the rounds of television talk shows...
...spin-off by selling the physical stores to a property manager, who in turn leased them back to the new, independent Woolworths. The third option is the carve-out. That's when a parent company floats a portion of a division in an initial public offering (IPO), retaining the lion's share for itself. That's what Switzerland's Nestlé has planned for Alcon, its U.S. eye-care unit. Nestlé expects to float nearly 25% of it in a $2.3 billion ipo this week. And Deutsche Telekom wants to offer part of its wireless operation, T-Mobile...
CHINA Welcoming the Year of the Horse The Chinese celebrated the lunar New Year with lion and dragon dances and the customary televised musical marathon. Beijing police said protests in Tiananmen Square by foreign followers of the banned Falun Gong spiritual movement were intended to stop the Chinese from enjoying the festival. They deported most of the more than 40 foreign nationals arrested. Since 1999 many Falun Gong supporters have been imprisoned without trial, and the movement claims over 1,600 have died in custody...