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...really paid for the Malaysia trip? A Heritage senior fellow who was on the trip tells TIME that it wasn't Heritage. He says that Belle Haven Consultants, a for-profit, Hong Kong--based firm linked to the Malaysian government, played a key role. "Heritage had nothing to do with it," says the senior fellow, former Wyoming Senator Malcolm Wallop. "Belle Haven did." It would be a violation of House ethics rules if a group other than the official sponsor paid for a trip for a member of Congress. DeLay's spokesman Dan Allen insists, "Heritage sponsored, organized and paid...

Author: /time Magazine | Title: THE FOREIGN JUNKET: Who Paid for the Malaysia Trip? | 4/17/2005 | See Source »

High-tech companies are pushing into previously unexplored--and unappealing--markets because most people who can easily afford computers and cell phones already own them; growth rates and profit margins in traditional markets are suffering as too many sellers chase too few buyers. The same situation exists in many businesses, says Prahalad. "The biggest problem facing global companies is the capacity for organic growth," he says. "At the same time, there are 4 billion people in the world saying, 'We would like to be part of globalization...

Author: /time Magazine | Title: Marketing: Selling to The Poor | 4/17/2005 | See Source »

Prahalad argues that squeezing profits from people with little disposable income--and often not enough to eat--isn't capitalist exploitation. In fact, tapping the spending power of the poor can reduce poverty, he maintains. Expansion by multinationals into new markets creates new jobs--product-distribution networks and shops, for example--and income earned from those jobs ripples through local economies, creating more new jobs, a phenomenon that economists call the multiplier effect. "This creates a large pool of individual entrepreneurs who are participating in an expanded economy," says Prahalad. "The company makes more profit, and the people's lifestyle...

Author: /time Magazine | Title: Marketing: Selling to The Poor | 4/17/2005 | See Source »

...size and location of the venue, making a profit has sometimes proved difficult for Jenkins, who has always regarded the club’s profitability as secondary to his goal of following his life’s dream. “Nobody really makes any money from this,” he says glibly, while folding the programs for that night’s show. “I could easily be making more money in an office. But as along as the comedians don’t mind working for cheap, I don’t mind either...

Author: By Beau C. Robicheaux, CONTRIBUTING WRITER | Title: THE HOT SPOT: The Comedy Studio | 4/15/2005 | See Source »

...wreck it either. It was the symbolic point on which the company finally foundered, while the film itself, for which Bach has little remaining regard, endures. It was ecstatically reviewed in London when the uncut version was released there in 1983 and actually brought a few dollars' profit into the distribution coffers. Technology will ultimately settle the score. The full version of Heaven's Gate is available at the neighborhood video store in two cassettes that are about the size and heft of Final Cut. The book is good, but, as it turns out for once, the movie is even...

Author: /time Magazine | Title: Books: Watching the Deal Go Down: FINAL CUT | 4/12/2005 | See Source »

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