Word: marketization
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Dates: during 1990-1999
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...trying to figure out how Internet companies will ultimately figure in the economy--Will they crash and burn? Or soar even higher?--CMGI is a good place to start. It is a company very much in the middle of the clash between the old and new market models, and between old and new media, that is occurring all over Wall Street. To smitten Internet investors today, profits don't matter; it's the new economic order of the future that counts. So buying a company's stock on the basis of profits is irrelevant. These investors look only...
...Look For Let's do the math on this one: Will Smith + Barry Sonnenfeld + special effects-laden summer event film = blockbuster. The combination of Smith and Sonnenfeld worked box office magic the last time around when the two collaborated on Men in Black. Smith seems to have cornered the market on huge, big budget summer sci-fi flicks, with his back to back summer money makers Men in Black and Independence Day (we'll forgive him for the latter). Advance looks at the production indicate that the special effects are incredible, and the interaction between Smith and Kline (both known...
...Free market efficiency comparisons between vouchers and public schools are not valid. Since public schools must provide education for all students, they have special burdens (costs in free market terminology) that private schools do not bear. For the voucher market to be truly competitive, the government would have to pay subsidies to public schools for the special social burden they alone must bear, and provide lead time to make use of this subsidy...
...ballot boxes last November. Even the gambling mecca itself, Las Vegas, is trying to remake itself as a "family" destination. One area where analysts are still bullish: Indian casinos. The success of the Mohegan Sun and Foxwoods Casinos in Connecticut has Merrill Lynch calling the state "the hottest gambling market in the country." But attempts by the federal government to regulate gambling on Indian lands are likely to result in fierce opposition. In fact...
...Study Commission is supposed to report to Congress, and all bets are off. The commission, which has been deliberating for two years, appears poised to recommend a controversial moratorium on gambling expansion; it also may call for more regulation of both Internet gambling and the rapidly expanding Indian casino market. But the odds of implementing these measures are long, to say the least. Four of the commission's nine members are unhappy with the moratorium, which they say would be perceived as a permanent ban on growth. And except in the case of Indian casinos (which are regulated through...