Word: marketized
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...willingness to adapt to changing market conditions has rarely let it down. Founder Jim Casey was 19 at the turn of the 20th century, when he started his private messenger service in Seattle financed by $100 of debt. By 1930, UPS had expanded to the East Coast. Air service was available in every state by 1978 and in 200 countries 15 years later. "As World War II ended, we were still primarily delivering housewives' packages from the market," says Greg Niemann, a UPS exec who worked at the company from 1961 to 1995 and is the author of Big Brown...
...rise of e-commerce. Residential delivery this year will account for about a third of domestic shipping, up from 20% in 1997, according to the investment bank Morgan Stanley. Meeting this new demand is vital for UPS, which generates roughly 60% of its revenue from the U.S. small-package market...
...just think the hockey market in Toronto is awesome,” he says...
...depleted whale species rebound, but few countries, including Japan, have continued to hunt whales using a loophole in the moratorium that permits whaling for research purposes. Today, Japan hunts hundreds of whales each year under its scientific program, the meat of which continues to be sold on the domestic market. "Most people have long come to the conclusion that no worthwhile research is coming out of this," says Franklin...
...Calling Japan out on its whaling program could put Australia in a sticky position; Japan is, after all, Australia's largest export market. After Rudd's announcement last week, Japan's Foreign Minister Katsuya Okada and his Australian counterpart Stephen Smith held a pre-scheduled meeting in Perth. "We were able to confirm that the Australia-Japan relationship has gone beyond that of economic complementarity and is now a strategic partnership," Okada told reporters after the meeting. "Should court action become a reality, then Japan will seek to represent its case to the IWC, supporting the fact that its activities...