Word: modell
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...economy, obviously. Plenty of businesses are hurting. And it doesn't help that new media like video games (sales up 19% in 2008!) are now competing with books for our entertainment hours and dollars. But publishing has deeper, more systemic problems, like the fact that its business model evolved during an earlier fiscal era. It's an antique, a financial coelacanth that dates back to the Depression. (See the top 10 video games...
Marchionne has recently talked about the company's becoming something of an Intel of the auto industry, providing key component parts to other car manufacturers. There are also rumors that he wants to build a $3,500 model Fiat Punto that could reconfigure the concept in the West of an economy car. But whether or not he's Chrysler's savior or the man to revolutionize the entire industry, Marchionne seems to have proved again that he knows how to strike a hard bargain: Fiat has landed 35% of Chrysler without spending a dime...
...Were there speed bumps along the way? Well, the vetting of Secretary of Commerce nominee Bill Richardson - withdrawn after it was revealed that he's part of a federal pay-or-play probe - was hardly a model, and Timothy Geithner's tax problems while at the International Monetary Fund will slow down Geithner's move to Treasury, though probably not for very long. The unexpected indictment of Illinois Governor Rod Blagojevich and the circus that followed introduced a minefield that wasn't on anyone's transition road map, while the choice of Rick Warren to lead an Inaugural prayer generated...
...architect Norman Foster. Beyond being completely powered by renewables - mostly rooftop solar panels - Masdar will be a car-free city. Instead, the designers will build a personal-rapid-transit (PRT) system, an automated cable-car-like network that will whiz residents around the city's streets. Planners unveiled a model of a PRT car on the summit's first day. With the sleek silhouette of a racing motorcycle, but with room for four passengers, the PRT seems to have escaped from the movie Tron. It's enough to turn green-tech nerds giddy, even though it looks like the kind...
...Helga pictures. After the publicity storm had been whipped to a peak, he sold the whole bunch to a Japanese buyer for a reported $45 million. At that point, Wyeth found it prudent to come forward to say there had never been a sexual relationship between him and his model, and his wife announced that actually she had seen some of the pictures before, though not most of them...