Word: reinventing
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...failure of its economy forces Cuba to reinvent itself, Fidel Castro has stayed largely in the background, leaving it to other officials to explain and defend the changes sweeping his country. But two weeks ago, he invited a delegation from TIME to dinner for a rare three-hour conversation that gave him an opportunity to define the compromises he is making: to expound, argue, and marshal the evidence in support of a reform process some Cubans fear is changing Cuba too much and others charge is not changing the country nearly enough...
...company, fourth place just isn't good enough. With Yahoo!, Google and MSN having built better webtraps, AOL is preparing to reinvent itself to catch up. Its parent company, Time Warner (which is also TIME's parent), announced it will present a new plan for AOL on Aug. 2. The 2000 merger with AOL was supposed to be a cure for Time Warner's slow-growth old-media businesses, but it has been a financial disaster, costing Time Warner nearly $100 billion in market value. AOL's inability to remake itself into a more Google- or Yahoo!-like business...
...first round) to [an error occurred while processing this directive] model her latest range of tennis attire for Adidas. David Lauren, Ralph's son and marketing and communications director for the company, welcomes the challenge. "Just like any sport, competition is great," Lauren told Time. "It forces us to reinvent our game." The volley of tennis-fashion hookups is part of a broader trend in which couture is taking its cues from the sports world. Designed to play - not just saunter - in, the apparel appeals to style lovers who don't want to compromise their look on the sports field...
...about time. Real estate developers and casino companies are plowing billions of dollars into low-rent Atlantic City--known for day-tripping seniors, nickel slots and giveaway buffets--in an attempt to reinvent the resort town as a Las Vegas--style destination packed with shows, shops and celebrity chefs. The folks in Jersey see no reason why Vegas should have a lock on garish spectacle and conspicuous spending...
...look to use "their own balance sheets to extend credit to clients, to assume market risk on their behalf and sometimes to co-invest alongside them." In some respects, industry pioneers like Macquarie and Goldman are borrowing from the tactics of hedge funds and venture-capital firms to reinvent what investment banking is all about. Risk has its rewards. Macquarie's profits have increased roughly ninefold over the past 10 years, while its share price has soared 900% since the firm went public...