Word: marketization
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Dates: during 1990-1999
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Europeans who point to the employment success of the U.S. as evidence that a single currency will not raise European unemployment do not recognize the important labor-market differences between Europe and the U.S. When local employment declines, Americans move to areas where jobs are more plentiful; that is unthinkable in a Europe divided by linguistic and cultural barriers. And American wage flexibility allows employment to remain much more stable when the availability of local jobs declines...
...rebel soldiers tell a boy that he was too tall. A soldier then took a machete and cut off the boy's left foot. When the boy fell to the ground, the soldier calmly shot him in the chest three times. A woman who sold fish in a market was ordered to lie down on the ground. When she hesitated, a boy in the rebel army slashed her neck with a machete. When she fell, a soldier put her wrist on a rock and cut off her hand. "They left me there," she told interviewers. "I walked 11 days...
Orange County, the sprawling expanse of suburban, upper-middle-class communities south of Los Angeles, is the home of the California life-style. "Orange County is to the youth-apparel market what New York is to the fashion world," says Danny Kwok, co-president of Quiksilver. "We are the epicenter of the youth movement...
...successful in this market, a company must first be considered core, a catch-all term for unbridled living of the extreme- sports go-for-it ethos. "To be perceived as core is alternative-marketing gold," says James Palczynski, vice president and analyst at Needham & Co. If you are selling skatewear, then you had better be a skate rat, and your company had better sponsor a team of top skateboarders. But core is more than an aggressive, participatory attitude. It's also a vibe, a quasi-mystical, anti-Establishment subtext that has to permeate a firm and come across in marketing...
...young talent, like Eddie Jones. Good luck. Krause is in more promising negotiations with free agent Brent Barry of the Miami Heat. Barry is a 6-ft. 6-in. white guy who can dunk. Kids in Chicago will probably not want to "be like Brent," but the free-agent market is shrinking quickly, with Jayson Williams re-upping with New Jersey. Meanwhile, Pippen is close to signing with Houston and Longley with Phoenix. Rodman's agent is talking to Los Angeles and Orlando. No word yet from the World Wrestling Federation...