Word: smarts
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Dates: during 2000-2009
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...departure--"a mutual agreement between him and the board," according to a Gap spokesperson--marks a low point in the history of a brand that not so long ago epitomized smart, affordable fashion. Named for "the gap in the market it hoped to fill," the Gap had something for everyone. You got your khakis there; your grandmother got her cardigans; Sharon Stone got her outfit for the Oscars. So what went wrong...
...saved? Why not? Retailing is full of 360° turnarounds. Wall Street darling Abercrombie & Fitch, for example, was once an afterthought unit of Limited Brands but spun itself off and repositioned itself as the hottest label for the teen crowd. Even once dowdy JCPenney reinvigorated itself by hiring a smart merchandiser, Vanessa Castagna, as executive vice president and giving her the freedom to remake the brand. "She helped make Penney's cool, and the Gap needs to be cool," says Chen...
...Bush, they were told, planned to fund expanded health coverage by leaping on one of American politics' "third rails": the fact that the value of employer-provided health benefits is not included in employees' taxable income. Making a portion of these benefits taxable, Bush the Elder reckoned, was a smart way to pay for health care for folks who had none. But G.O.P. leaders were apoplectic. Didn't Bush understand that a tax hike meant political death? The uproar was so swift and furious that White House staffers spent the night using razor blades to excise the offending page from...
...with Iran [NATION, Nov. 24] because America needs a strong and friendly Iran in the Middle East and because the country is far too valuable to fall under Soviet influence. An independent Iran can be a prize for the U.S., and that is possible if both governments follow a smart strategy of establishing links. Ali K Kojouri Iowa City, Iowa...
Many lawyers remain unenthusiastic about the new regulations. Says Margaret Wong, a Cleveland attorney: "If the alien is smart, the couple won't file for divorce for two years." Others feel the law further reduces aliens to a lower caste by treating their vows of love as suspect and second-rate. Trevor Scott and Naseem Saunders are a case in point. A native of Jamaica, Scott, 37, applied for a visa at the U.S. consulate in Kingston to travel to Chicago to marry Saunders, 47. But a consular official decided Scott was marrying the older woman as a shortcut into...