Word: sharing
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...stock value is zero. Recently, there have been research notes that say that GM (GM) is worth zero, and that Citi is. Saying something is worth zero is too easy. Most analysts have to give a range of prices and reasons for their upper and lower targets for share value forecasts. Saying something is worth zero is cheating. It takes away any meaningful analysis of the worst case. Stock prices never trade in negative numbers. (See pictures of TIME's Wall Street covers...
...Sistema orchestras as any U.S. parent sending a child to Juilliard would be, buck the reputation of Venezuela's poor as uncultured niches, or uncouth people. "They're enchanted to see their children practicing this music at home, to see the self-esteem it gives them," he says. "They share it with their neighbors...
...slowly lose its preeminence and the dollar its stature as the undisputed world currency. Harvard's Frankel foresees that the supremacy of the dollar will erode over the next 15 years or so, with other currencies, like the euro, making inroads and forming a system in which multiple currencies share the world stage. "This is the last major crisis in which the dollar is viewed as a safe haven," Frankel predicts. Maybe next time I'm in Tashkent, I'll take along some Chinese yuan...
...about Max Osterweis, an American with roots in Kenya who had set up Suno, a clothing company that employs seamstresses in Nairobi and uses African fabrics. Osterweis felt the need to do more than just write a check to an African-based charity, and many in the luxury business share his commitment to give back. Even in the fine-jewelry business, designers are taking the long view, using reclaimed gold to save one of our most imperiled natural resources. This special supplement to TIME is dedicated to answering the imperative question, What's next? Thanks to creative forces like Watanabe...
...examples of companies whose goal-driven business models led them to fail, from GM’s ill-fated drive to capture 29 percent of the automobile market to Ford’s disregard for warnings about the combustibility-prone Pinto in its disastrous determination to win back market share. What goes for business goes for life—Bennett quotes Adam Galinsky, a professor at Northwestern University’s Kellogg School of Management, who warns that goal-setting in general “can focus attention too much, or on the wrong things; it can lead to crazy...