Word: marketing
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Dates: during 1990-1999
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...Baghdad in August. I emerged from the underground rail system to bright sunlight and the spirited sights and sounds of a produce market, where vegetables every color and shape were being hawked in numerous languages. The dome above city hall, black and studded with gold lines over a classical mass of stone, blinked its brilliance in the sunshine, and the street was lined with flags arranged as a monument to the accomplishments of the United Nations. As I bought a freshly baked scone and handed the merchant the bills, he happily jabbered away on his cellular phone, and I took...
...might hope. In truth, the moment occurred in Baghdad-by-the-Bay, San Francisco, on the promenade built to commemorate the 50th anniversary of the UN Charter signing which occurred in the city. The Bay Area Rapid Transit (BART) station, the market and the city hall itself were all dwarfed by the more familiar icons of the Golden Gate and Bay Bridges and the hubbub around the construction of the new Giants ballpark...
...University's endowment, its stockpile of funds, is so large--currently about $13 billion--that market fluctuations can move it up or down by a billion or more dollars...
...sense of a saturated market, take in a show in Ontario, Calif., where rivals AMC and Edwards Theatres have set up megaplexes with a combined 52 screens practically across the street from each other. While both theaters claim to make a profit, neither is happy. Apparently, though, the rest of the industry hasn't learned its lesson: developers in Chicago are building two neighboring theaters in a similar face-off. Says Jeff Blake, president of worldwide distribution at Columbia Pictures: "Building screens at $1 million each and closing theaters that aren't fully amortized has to hurt...
...good thing the stock market is hanging tough. Ticket prices for the 2002 Winter Games in Salt Lake City were announced yesterday, and seats at high-profile events such as ski jumping and the hockey finals will run anywhere from $110 to $425. Count on handing over close to $800 to watch the opening or closing ceremonies. Of course, those on a budget can always settle for a $35 ticket to a curling match...