Word: marketization
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Dates: during 1990-1999
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Those seniors who ventured into the Office of Career Services (OCS) 1999 Career Forum last Friday may have experienced a moment of deja vu. Was this not faintly reminiscent of that other mental meat market, the Freshman Activities Fair? True, the screaming upperclassmen with their in-your-face heckling have been replaced by well-dressed, well-heeled members of the "real world" who wait instead for us to come and find them. And there's no question that the handouts are a lot more enticing--free T-shirts and playing cards are certainly a step up from a fistful...
...awfully hard to expect students to swallow the idea that, given the incredible spectrum of career options, such firms comprise the same percentage of the real job market as they did at the fair. The choices represented did students a gross disservice by perpetuating a narrow-minded perception of success...
Will that be enough? Apple's 12% home-computer market share is a big improvement over 6%, but it still leaves the Mac on the margins--a minority desktop operating system at a time when desktop computers may be marginalized by the thousand portable "net appliances" looming on the horizon. If Jobs' crystal ball sees that far, he isn't telling. "He doesn't have a pocket Mac in the works, at least that I know of," says Tim Bajarin of Creative Strategies Research International, a Silicon Valley consulting firm. "But he's too smart not to be thinking about...
...seems, he was warning us about irrational panic. "Greenspan knew about the Producer Price Index numbers ahead of time," says TIME senior economics reporter Bernard Baumohl, referring to the big scary inflation number that ? along with Alan Greenspan?s own Thursday night speech about an "asset bubble" ? threw the markets into an early-morning tailspin Friday. "He warned about wild fluctuations because he knew how the market would react to the bad news about producer prices, and his role is to warn investors that an adjustment in stock prices could come quickly...
Moved PermanentlyMoved PermanentlyFortune Investor DataThat didn?t stop the bond market, which has been smelling inflation all week, from running the yield on Treasury's benchmark 30-year issue to a new two-year high of 6.36 percent at one point. (When no one wants a bond because expected inflation would eat into its long-term value, its yield ?- the payoff for putting your money in it ?- goes up in response; 6.36 is about equivalent to abject begging.) But even that spike was showing signs of flattening as a correction of the correction set in. None of this changes...