Word: short-term
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...idol, Lampert took control of Kmart when it came out of bankruptcy 18 months ago. Since then Lampert, 42, who also happened to be Sears' largest single shareholder through his ESL Investments, has turned Kmart into a cash cow, albeit a shrinking one. Although critics describe his moves as short-term fixes, he reduced inventory, slashed costs, limited discounts and sold off some of Kmart's lucrative real estate to the likes of Home Depot and, yes, even Sears...
...fund at age 25 with the help of legendary Texas investor Richard Rainwater. But Lampert does have ideas about how to run a retailer, such as an unwillingness to throw money at updating stores without clear evidence of a return, and a firm refusal to play the short-term, quarterly-earnings game that Wall Street so often demands. In April, he brought in a design team led by former Gap executives to freshen up Kmart's clothing lines. "Eddie is relentless and a harder-nosed operator than most people want to believe," says Henry Miller, a leading business-restructuring adviser...
...veteran designer Will Wright top that? Answer: by showing just how adorably complex these creatures can be. In Sims 2 (for PC; $49.99), your characters grow older, pass on their genes to their kids, even die. They have life goals (like raising a family or raking in cash) and short-term aspirations (like making a new friend or buying a new refrigerator). You can make your characters look like just about anyone (one gamer got 15 minutes of Internet fame by creating Sim Bush and Sim Kerry housemates). With the click of a button, you can even record the important...
...businesses and tourism to the area, and foster the city’s reputation as an intellectual and technology hub. The issues that are important to Harvard students, including safety, are not out of step with the concerns of other Cambridge residents. More important, satisfied student constituents in the short-term would translate into active and informed Cantabrigian citizens later on, who would contribute to the knowledge-based economy that makes this city such a desirable place to live and work...
...1970s and '80s, it decided that having children outside of marriage was a lesser evil than abortion. "Instead of berating women, they became very supportive of unmarried mothers," Fahey says. Low fertility rates in Italy and Spain, also 1.29, spring from high youth unemployment, the prevalence of short-term work contracts, a chronic shortage of affordable housing for young people - and a bias in the workplace against women who interrupt their careers to have kids. Barbara Cavuto, 35, a Rome manager at an employment services company who's eight months pregnant with her first child, says combining family and career...