Word: marketing
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Dates: during 1990-1999
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Picking a winner in this market is a tough call, in part because each pioneering e-grocer has a different idea about what kind of goods you want and when you want them. At the basic end of the scale, Netgrocer.com wants to send you nonperishables like cereal or juice in a FedEx box sometime in the next four days. At the other, San Francisco-based Webvan will bring you hideously perishable stuff like ice cream and iceberg lettuce within a 30-min. window...
...Decade. The American economy will mark its longest period of uninterrupted expansion this February. During the past nine years, the U.S. unemployment rate has fallen to 4.1%, the lowest level in three decades, while inflation has remained under 3% and interest rates have remained relatively low. The stock market remains at record levels, and productivity grew twice as fast in the 1990s as it did in the 1980s. No one person, of course, can claim credit for this performance, but over the past dozen years, Greenspan's quiet confidence and masterly control of the nation's money supply have done...
...almost abstract--the massive cornrowing of the brown wig, for instance, and the mysterious, icily translucent lace butterflies that adorn it. He paints paint, or, more exactly, cosmetics: that pale mask flushed with matte pink, a plain little girl--she was a teenager then--propelled onto the international market by Papa's political schemes. Such portraits were made to be sent abroad to the relevant ambassadors, in the hope of arranging a suitable marriage. In due course, in the year that Velazquez died, 1660, the infanta was betrothed to Louis XIV of France, and thus embarked on more than...
...wackier moments--racking our brains about how to force ourselves to learn these great new companies, with market capitalizations already north of $10 billion--we resorted to a Rotisserie League of our own, a stock Rotisserie League. In our league, which focuses on companies that help other companies mine the Internet (called business-to-business), we draft and play real-live stocks with a mythical million-dollar pool...
...traded just Procter & Gamble and Bristol Myers at Cramer Berkowitz, we could know them inside out. But we wouldn't make much, let alone beat the averages. All the action in this year's market has been in stocks of the moment, those newly minted dotcoms or dotcom-related issues that seem to soar 30 and 40 points at a clip. There's only one problem with owning them. Call us old-fashioned, but we like to know more about stocks than their symbols and past trajectories...