Word: solding
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When the Polaroid film factory in the Dutch town of Enschede shut down in June 2008, it seemed to signal the end for one of the most ingenious and iconic innovations of the 20th century. Almost 60 years after American inventor Edwin H. Land sold the first Model 95 of his new instant-picture camera in Boston in November 1948, the troubled Polaroid Corp. halted its cassette-film production for good. Demand was still relatively high - the plant churned out 30 million cassettes in 2007 and 24 million in the first half of 2008 - but the plant...
...which Jim Spanfeller at Forbes.com just did). In the first half of this year, Business Week ran about 37% fewer ad pages than it did in the first half of last year, according to the Publishers Information Bureau. Fortune, published by Time Inc. (owner of TIME.com), sold 38% fewer pages, and Forbes was down 30% (a number possibly skewed by the inclusion of ForbesLife). But as a weekly, the McGraw-Hill publication has higher editorial and production costs than the other two. And they all have much bigger expenses than the legion of websites that offer business journalism exclusively online...
...business. But company officials figure the bet could pay off handsomely if 3-D catches on and Fujifilm, which holds numerous patents on the technology, has a head start. Just standing still isn't a very appealing strategy. The digital-camera market is stagnating. About 128 million digicams were sold last year, and amid the recession, sales are expected to shrink this year, according to Hisashi Moriyama, senior analyst at JPMorgan Securities in Tokyo. The U.S., Europe and Japan are near market saturation with about 80% to 90% penetration, meaning as many as 9 out of 10 consumers already have...
...renowned modernist painter, Tyeb Mehta, 84, made history at a 2005 auction when his Mahisasura, which depicts a goddess defeating a demon, sold for nearly $1.6 million, the highest sum ever paid for the work of a living Indian artist...
McCourt followed Angela's Ashes with two more volumes of memoir. 'Tis picked up where his first book left off, on his arrival in New York City; it sold spectacularly but received mixed reviews. Teacher Man - which was both a critical and commercial success - recounted his backbreaking years teaching English and creative writing, 18 of them spent at New York's famous magnet school Stuyvesant, where he was a legend as a compelling teacher. "George Bernard Shaw said those that can do, and those that can't teach," McCourt was fond of observing. "Just goes to show that Shaw didn...