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...audience accepts that it goes on, because Soderburgh shows us the alternative--not a happy-go-lucky bunch of youngsters smoking up and getting the munchies, but the descent of the drug czar's teenage daughter into a cocaine/heroine hell. He shows us the people who profit from selling self-destruction to a bored, insensate American upper class, but he also shows us that those people are ruthless and evil, and that someone--even the woefully weak agents of our criminal justice system--needs to stand against them...

Author: By Ross G. Douthat, | Title: The Necessary War | 2/5/2001 | See Source »

...effect. The indictment claimed that Rich's firm bought petroleum for as little as $5 per bbl., then ran the crude through a series of complex transactions that obscured its origin before selling it back to a Rich subsidiary at a markup as high as 400%. Much of the profit went to a Rich company in Switzerland, which paid no U.S. taxes on the allegedly ill-gotten gains...

Author: /time Magazine | Title: The Case Against Rich: How He Got In Trouble | 2/5/2001 | See Source »

That virtuality translates into remarkable profit margins. eBay's gross margins last quarter were a stunning 82%. Amazon, which actually has to acquire goods and ship them out, has gross margins averaging 20%. And because so much of eBay's customer recruitment is viral--sellers attracting buyers to the site, and buyers attracting sellers--its customer-acquisition costs are just half of Amazon...

Author: /time Magazine | Title: eBay's Bid to Conquer All | 2/5/2001 | See Source »

...public utilities thought that it was just a splendid idea to be able to buy wholesale in a free market and turn around and sell at a capped rate to consumers," says Wilson, "because for a long time, at least, they would enjoy the ability to make a profit doing so." But they were gambling that they could wheel and deal their way through the marketplace without exposure to price swings...

Author: /time Magazine | Title: The New Energy Crunch | 1/29/2001 | See Source »

...dullest barb can hook my attention for hours. As the opportunity cost of stealing away time from studies increases, my irrational desire for shenanigans becomes unbearable. An hour and a half on amihotornot.com playing God of aesthetics. Forty-five minutes re-reading an utterly boring Times story on the profit margins of foreign car manufacturers. An hour faux-drumming to Led Zeppelin. The only procrastination that I have found to be acceptable to the efficiency-monitoring system of my mind is physical exercise. The other jaunts into extreme inefficiency don't even recharge my batteries, they just remind...

Author: By B.j. Greenleaf, | Title: The Rack of Reading Period | 1/22/2001 | See Source »

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