Word: trade
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Dates: during 1990-1999
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...furor comes at a time when Panama is trying to reinvent itself. While only 7% of the country's economy is dependent on the canal, nearly 100% of its self-image is wrapped up in the belief that it serves as one of the world's most important trade links. This Wednesday the country will swear in a new President, Mireya Moscoso, 53, whose overriding challenge is to try to turn a world-class location into a world-class country, technologically literate and future oriented. More ambitious Panamanians (and the country's well-educated middle class is full of them...
Even if Congress moves to restrict the money flow, some experts say, the effect might not be what the reformers hope for. "Almost exactly the same amount would be spent but in different ways," predicts University of Virginia veteran campaign-finance watcher Larry Sabato. Companies, trade groups and unions would fund more grassroots organizing, phone banks, voter-registration drives and ads, among other things, he asserts. Assuming that ever creative political pros will always find--or make--a hole in the dike through which more money can pour, some argue that trying to limit contributions isn't the best approach...
Forrester Research of Cambridge, Mass., a leading Internet analyst, agrees. Its report, Resizing Online Business Trade, predicts that B2B e-commerce will hit a total of $1.3 trillion by 2003, accounting for 9.4% of total U.S. business sales. Varda Lief (see the box, following), a senior analyst at Forrester specializing in e-commerce, says business-to-business transactions will far surpass business-to- consumer deals and dwarf giants like eBay and Amazon.com in revenue and sales. "Business-to-business is the stuff that makes everything run," says Lief...
...rappers' multiplatinum recordings celebrate gunfights, misogyny and the crack trade. And their transfer to Baton Rouge, as noted in the latest issue of the New Republic, is a corporate decision by Master P, 29, ne Percy Miller. The Louisiana native moved his No Limit Records from locations in Los Angeles and New Orleans last year and is building a large recording studio. No Limit is the nation's top-grossing rap label, with more than $200 million in revenues, and Master P runs a multifaceted empire that dabbles in everything from toys to film to travel. The $56.5 million...
Today the shop is not only open, it is one of more than 200 Kinkade galleries nationwide. Media Arts Group, the artist's publicly traded company, based in San Jose, Calif., recorded $126 million in sales last year. Kinkade, who owns 24% of the shares, is worth $30 million. Canvas lithographs of his paintings routinely sell for as much as $15,000. "It's staggering," he admits. Equally staggering are the profits--$5 million last year--derived from slapping the images from Kinkade's paintings onto everything from calendars to table lamps. The merchandising machine will go into overdrive this...