Word: stockings
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Dates: during 1990-1999
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Religious vacations may sound unusual, particularly for a communist country, but some form of faith or superstition weaves its way through every element of Chinese life. The new Shanghai stock exchange is built in the shape of a hollowed square to help trap positive energy, a nod to the ancient geomantic rituals of feng shui. And members of China's new middle class are embracing both state-of-the-art technology to transform their economy and 5,000-year-old superstitions to support their lives. "It turns out that the majority of businesspeople in China believe...
Schrager broke new ground when he decided that a "point of view" is more important than standardization in a hotel. It's been his stock-in-trade since 1984, when he and his late partner Steve Rubell (whose family today runs its own hotels in Miami) opened Morgans in midtown Manhattan. It was both a professional and a personal reclamation project. The two spent slightly more than a year in prison for tax evasion following the collapse of their disco empire; soon after, they ventured into a more respectable branch of the hospitality industry. "People expected...
...make downturns milder and less frequent, partly by tamping down the wild inventory swings that have intensified past slumps. Computers make it much easier to match orders and deliveries of goods to sales. On the other hand, Sinai senses an enhanced source of instability--the frenzied pace of stock and real estate trading, speeded up by the Internet and intensified by the enthusiasm of investors for Internet stocks, some of which may take many years to justify their current prices, if they ever do. The result may be a "bubble" of inflated prices for some Internet and IT companies, ending...
...sure). The buzz started building. Next day, I see six people wearing it in Lowell. Two days later, I see at least a dozen supposed "Snowboarding Club members" in the yard. It's the rage--get one while it's still in style (or in stock...
...January when the hot cable broadband company At Home announced that it was using its amped stock to merge with the Yahoo-wannabe Excite. The match was hailed as a commonsense combination of access and content -- "The Media Network of the Next Century" -- and the value of the two companies soared on the prospect of a broadband portal. Doerr's firm Kleiner Perkins was at the center of the deal, having helped launch both companies (which not so coincidentally were across the street from each other in Redwood City, California). More...