Word: marketization
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Dates: during 1990-1999
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...Lenin would be mortified by modern China. Think things over? The place is changing so fast that the Chinese like to say, "He who thinks is lost." In China it's all about reaction. At the nation's heart is a tentatively beating, market-based economy, and keeping it alive puts every other goal--even mass atheism--in distant second place. That's why there's such a complex struggle with religion. China's leaders think a little faith can help the country grow--by serving as a bulwark against social unrest and the ennui Chinese call huise wenhua...
...just don't get him," he complained. He was working on the first authorized biography of a sitting President, Ronald Wilson Reagan. Part of Morris' mountainous $3 million advance was already earning interest in the money market. "He seems so vacant, so empty," Morris complained. "Yet he did great things; he was a great President. Maybe as great as Teddy Roosevelt." Edmund had won a Pulitzer for his 1979 biography of the heroic...
With occupancy rates falling and the room supply outpacing demand in the $93 billion U.S. hotel industry, the big powers are thinking small. Even though boutiques still account for just a fraction of the total market, the chains "don't really have a choice," says Chekitan Dev, marketing professor at the Cornell School of Hotel Administration. "For all practical purposes, the traditional hotel is obsolete. There's too much wasted space, it doesn't look inviting, and there's an erosion of brand loyalty." Starwood Hotels & Resorts chairman Barry Sternlicht tried in vain to lure Schrager to his camp...
Artificial turf now covers the field in about half of all football stadiums at the professional and major college level, as well as more than 1,500 high school and small college fields. AstroTurf controls the bulk of the market, a $50 million-a-year business...
...That market is under pressure as player opposition, new technology and the rise of single-purpose stadiums have swung team owners to grass. Virtually every new non-domed stadium under construction will have a grass surface. The Chicago Bears and the New England Patriots, as well as a number of baseball teams, switched back to grass several years ago. But even Gaines acknowledges that grass isn't the answer everywhere, particularly in northern climes and on municipal fields that get tons...