Word: swaps
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...More controversially, veteran buyers employ special software that helps them jump in and snap up items in the last seconds of an auction. But mostly the instinctive acquisitiveness of the denizens forms the kind of lasting bonds that are too often lacking in off-line society. They meet and swap tips in the chat rooms, they build friendships over sales, they sometimes even wed. Spend any amount of time hanging out here and you will get the impression of a vast, virtual citadel under rapid construction, a tower of Babel with street hawkers on every level, most all of them...
...month, nearly 10,000 items relating to the Atari 2600 have shown up on eBay: joysticks, manuals and rare games, plus the systems themselves, which in good condition usually sell for $25 to $50. (Atari's old opponent Colecovision, in contrast, had fewer than 1,000 listings.) On the swap site Switchouse, the number of people with a 2600 to trade are outnumbered nearly 2 to 1 by those looking...
...preps for the next round of talks, to be held in Bonn in mid-July. Bush the First helped pioneer credit trading in 1990, when he signed legislation that capped power plants' sulfur dioxide emissions--the main ingredient in acid rain--but allowed the plants to swap credits. And Houston-based Enron, an energy trader whose chairman, Ken Lay, was a prominent W. campaign adviser, stands to be a huge player in any such market. So if it's good for business, Bush the ex-businessman won't need that big a push...
...Because the name of this game is customer base - the size of a swap meet being its primary virtue - Napster will do what it takes to beat the gavel and stay alive as a brand and as a destination. And with 60-odd million registered users, Napster is heading into purgatory with a pretty strong hand. But technophile record collectors don't seem the kind of folks to hang around patiently until June just so BMG can start taking their money. Not when there's free milk to be had elsewhere...
...What next? The RTL stock swap left intact a cash horde of more than $10 billion, which Bertelsmann earned from its sale of stock in AOL after the online service announced its merger with Time Warner (TIME's parent). Though global in outlook, Bertelsmann has relatively few broadcast and Internet assets in North America, so the German giant could soon be trolling for bargains among companies that have been bloodied by the precipitous fall of the U.S. high-tech stock market nasdaq. The RTL deal also provided outsiders an intriguing glimpse into Bertelsmann's finances. Company officials...