Word: profit
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...Manhattan, has been populated by a handful of familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG. So it's not surprising that in the past two years dealmaking in this sector has shifted into overdrive. Since February alone, Jil Sander was snapped up by London-based Change Capital...
Movies aren't banished straight to video because they're bad. A reasonably smart marketing exec with a splicing machine and a decent song can make a huge profit out of bad. If some guy at home could cut together that YouTube trailer where The Shining is a touching father-son comedy, then the Fox marketing division can make Date Movie look good in a 30-sec. TV spot. That's why studio marketers are better at hoodwinking the customer than those two guys Huck and Jim picked up on the river. The biggest sin a director can commit...
...three of the Gospels, Jesus warns that each of his disciples may have to "deny himself" and even "take up his Cross." In support of this alarming prediction, he forcefully contrasts the fleeting pleasures of today with the promise of eternity: "For what profit is it to a man," he asks, "if he gains the whole world, and loses his own soul?" It is one of the New Testament's hardest teachings, yet generations of churchgoers have understood that being Christian, on some level, means being ready to sacrifice--money, autonomy or even their lives...
...past decade, however, the new generation of preachers, like Osteen, Meyer and Houston's Methodist megapastor Kirbyjon Caldwell, who gave the benediction at both of George W. Bush's Inaugurals, have repackaged the doctrine. Gone are the divine profit-to-earnings ratios, the requests for offerings far above a normal 10% tithe (although many of the new breed continue to insist that congregants tithe on their pretax rather than their net income). What remains is a materialism framed in a kind of Tony Robbins positivism. No one exemplifies this better than Osteen, who ran his father's television-production department...
...free newspapers are definitely here to stay. Take City A.M. Targeted within London's financial districts, the free morning business daily's circulation has risen more than 20% over the past six months to 88,000. Celebrating its first birthday this week, the title is about to turn a profit. "We're in a niche market," says David Parsley, the paper's editor. "We're not claiming we're going to destroy anybody." Perhaps, but the hefty Financial Times can hardly be pleased. As the Standard heads for higher ground, competition among the evening free sheets could get tough...