Word: marketeers
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Dates: during 1990-1999
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...future? The answer is a definite maybe. The crisis has curbed some of the worst abuses of crony capitalism, and it has tempered the dangerous belief that "Asian values" somehow made the region's economies bulletproof. The crisis has also probably done some good by softening free-market fundamentalism: countries are less likely to be pressured into throwing their capital markets open to the world before their financial markets are ready, and Washington is less likely to view the main purpose of economic diplomacy as making the world safe for hedge funds. Above all, the crisis has reinforced democratic tendencies...
...initial public offering in mid-July. The company, which lost $10.7 million on sales of $5.1 million last year, has targeted language and reading skills at a time when an estimated 16 million U.S. youngsters between the ages of four and 13 have reading problems. The vast but fragmented market for reading improvement already encompasses clinics, homes and schools. Leading companies range from niche players like Lindamood Bell Learning Processes (1998 revenues: $11 million) of San Luis Obispo, Calif., which operates centers for children with learning disabilities, to the Learning Company (1998 revenues: $839.3 million), the producer of Reader Rabbit...
Still, Scientific Learning will have to be boffo to win broad acceptance in a market marked by fierce competition, feuding theorists and frequent disdain for the profit motive. But the payoff for any company that can help kids overcome barriers to learning must be measured in more than dollars. "Boy, if you can increase the confidence of students in their own ability, you can affect a change in their lives," says Kleyn. Back in New Jersey, Nicole Davis might want to write a poem about that...
...decade in which a bull market and initial public offering mania have made millionaires seem commonplace, we have a financial villain whose outsize chicanery and supersize embezzlement may be a match for our gaudy times. Martin Frankel, 44, a.k.a. David Rosse, a.k.a. Eric Stevens, accused of absconding with as much as $335 million through a bewildering web of insurance companies, bogus investment funds and phony charitable organizations, was, in his own charmingly inept manner, pursuing a twisted but very '90s version of the American Dream...
...once settled for stints as lifeguards, camp counselors or Gap greeters are scrambling for career-oriented summer jobs and high-profile internships, with an eye toward boosting credentials for college admissions officers or prospective employers. These are students with enough memory of corporate downsizing to know that the job market can be ruthless, and they're dazzled enough by tales of 24-year-old Internet millionaires to realize that the fast track runs year-round. "The job market is as strong as we have seen it in decades, but there's a signal pressure--a race to be more qualified...