Word: marketization
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Dates: during 1990-1999
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...Bell Atlantic, AT&T -- all these companies want their brand to be one-stop shopping: local phone service, long-distance service and Internet access," says TIME business correspondent John Greenwald. "The FCC just needs to ensure that there are more than one of these brands in each market." Under the Telecommunications Act, the Baby Bells have to give up their monopoly on the local markets -- and that hasn't happened yet, which is a major hurdle for this merger. But if it's approved, Bell Atlantic, armed with GTE's long-distance service, will have taken a step toward crossover...
Ruth found a match between his enormous appetites and the national agenda. America had made the world safe for democracy. We were rich. We were strong. In the '20s we were ready to play, with truly American force. While the market soared, we knew God loved America and sent us the Babe to prove...
...With the market hitting choppy water, some mutual funds are trying a balancing act. Firms like Barr Rosenberg and Euclid Advisers have launched market-neutral funds, which bet equal amounts of a portfolio on stocks to rise and fall. The funds are touted as a low-risk investment, but the high fees and taxes--and relatively low returns--extract a high price for security...
...needs CNBC when there are Saturday-morning cartoons? Starting this week, Junior can prep for a life on Wall Street with Disney's Money Rock ($14.95), a new Schoolhouse Rock video that teaches the basics of playing the market and paying the taxman. Wacky characters sing toe-tapping financial tips, which will air Saturdays on ABC. Kids can learn their 401(k)s and IRAs on the Web at young investor. com and kidsbank.com...
...gotten wares: the video-compact disc, also known as VCD. Popular with Asian counterfeiters for a year or so, the VCD, which resembles the digital videodisc but offers lower-quality images, has begun hitting the U.S., with boots of Deep Impact and Armageddon now available on the black market in Los Angeles. The discs, which can be played on a DVD machine, are going for as much as $200 each...