Word: modeling
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Dates: during 2000-2009
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...Lacroix's situation is indicative of the state of luxury overall, a business that is structured on a pyramid model wherein companies invest in the high-end image of a brand that will generate profits at the lower end of the price spectrum. Lacroix, who launched his label in 1987 with the financial backing of Bernard Arnault, chief of the mighty LVMH Moët Hennessy Louis Vuitton, is a product of a 20-year creative and business cycle that has come crashing down with the recent global financial crisis. Despite his enormous creativity and influence on fashion, Lacroix could...
...consumer data in the world. (A Fortune magazine headline once read, "Never Heard of Acxiom? Chances Are It's Heard of You.") Acxiom tracks some 128 million households, compiling data on everything from credit-card transactions to newspaper subscriptions. Some 1,500 data fields go into the computer model, and out comes an opinion about who you are and what you're likely to do with your money. (See 10 things to buy during the recession...
...Asustek Computer, the company that practically invented the netbook category when it launched the Eee PC 701 in 2007 for $400, also has a model with an 11.6-in display. The Eee PC Seashell 1101A will sell for around $599 when it debuts this month. And, taking a cue from popular touch-screen mobile phones, the Taiwanese company introduced the Eee PC Touch T91, which has a rotating display that responds to touch commands. It goes on sale in July for around...
...Wednesday, TIME revisited an October 2008 incident in which a Qantas Airbus 330 - the same model as AF447 - unexpectedly went into a brief yet harrowing 20-second nosedive, causing multiple injuries and requiring an emergency landing. The investigation that followed blamed an ADIRU failure for the 330's uncommanded dive: one of the plane's three ADIRUs, which are designed to help the plane's flight-control computer fly the plane safely, began sending erroneous data spikes to the flight-control computer. Instead of deferring to the information of the two functioning ADIRUs as it normally should, the computer acted...
...Airbus 330 is not the only model to suffer ADIRU failures. An Airworthiness Directive issued by the U.S. Federal Aviation Administration last year warned airlines of instances of failure in ADIRUs aboard Airbus 319, 320 and 321 models that "could result in loss of one source of critical altitude and airspeed data and reduce the ability of the flight crew to control the airplane." Dubon says these issues are "totally unrelated ... Our safety people have informed me that is not relevant to either the Qantas case or the Air France case...