Word: marketization
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Dates: during 1990-1999
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...Ericsson vice president, adds that Microsoft's operating system "really wasn't applicable for mobile," but Microsoft maintains that the software is modular and can be customized to suit customers needs. South Korean manufacturer Samsung has produced the prototype of a Windows CE phone that it plans to market next year...
...with almost everything else these days, the most promising future growth area for the low-orbit-satellite phone market will be the Internet. If the Net keeps expanding at its current pace, companies figure that demand for digital connections will skyrocket. Currently, firms in the U.S. pay about $1,000 a month for a 1.5 megabit-per-second pipeline to the Internet. Eventually, satellites should be able to provide an equivalent uplink at one-tenth the cost. Some analysts even see rates plummeting to $50 a month in the future...
Financially, the airlines have never been healthier: operating profits for the second quarter of this year were $2.8 billion, up 17% from the same period in 1997. Though airline stocks dropped 20% in the recent stock-market plunge, analysts feel the industry is better equipped than it has been to handle future economic downturns. One reason for its profitability is low oil prices; another is that planes are flying at a record capacity, with load factors of more than 70%. That increased efficiency has helped hold down fares, but it also means more crowded planes. Airline employees--particularly the overburdened...
Airline deregulation, instituted in 1978, has reduced competition, with major hub cities like Atlanta and Minneapolis dominated by a single carrier, which can virtually dictate fares. American Airlines, which dominates the market from Miami to the Caribbean, cut fares drastically a couple of years ago, when a reconstituted Pan Am came on the scene; only hours after Pan Am shut down last February, American's fares shot up. Miami travelers complain that American's busy schedule is something of a sham, with flights often canceled for mysterious reasons. On the route to Nassau, says Perla Martinez, a Miami travel agent...
...Deal," sounds good. Some 300-ft.-tall old-growth giants along the northern part of the state's coast are saved, along with scraps of wildlife habitat, and if a financier named Charles Hurwitz gets nearly half a billion dollars in federal and state money, who cares? The stock market creates or vaporizes that much wealth in the time it takes Alan Greenspan to clear his throat...