Word: middlemen
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Students, the manager says, end up footing the bill for this collection of middlemen...
...market has never been entirely responsive to its final consumers, since parents are required middlemen. But kids have probably never been so far removed from the creation of a toy fad as with Furbies...
Health-care reform is overdue. Relief from pain, suffering and fear of death carries a price as a free-market product. But the real buyers are the government and health-insurance middlemen. American health care comprises an elaborate structure. Backstage, courageous nurses and ethical physicians keep things from falling apart. Reforming America's most powerful cartel requires enormous political courage. Wallowing with Kenneth Starr is safer. THOMAS A. MCGOFF Moscow...
...arrangement with existing cellular dealers turns out to be a serendipitous marriage of marketing and technology. Without resellers, customers would be few, and without cell technology, service would be limited. At first Iridium planned a purist, sky-to-ground approach that would have cut out the local cellular-network middlemen. But that wasn't very feasible in the glass-and-steel canyons of bustling cities, where customers would be out of the line of sight of the heavens and service would be spotty. (Imagine explaining to an irked CEO that his pricey new handset won't work from his office...
...geeks have usurped an old financial term, disintermediation, and given it a new meaning to describe what happened to Britannica. To them it means the removal of middlemen, the intermediaries who smooth the operation of any economy--folks like travel agents, stockbrokers, car dealers and traveling salesmen. These people are the grease of a consumer economy, the folks who help you do things more efficiently than you could do them alone. But that's all changing: the Net is creating a new, self-service economy. Gates, who was late in recognizing the value of the Net, nonetheless has come...