Word: ubs
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Dates: during 1990-1999
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Boutique labels like FUBU, Naughty Gear, Phat Farm, Pure Playaz, UB Tuff and Wu-Wear can legitimately claim--as they do, over and over--closer connection with street fashion than Hilfiger has, even though their clothes look a lot like his. But that street cred, along with their funky logos, is helping them gain ground. FUBU, which means "for us, by us," began in 1992 when Daymond John, at 24, started selling tie-top hats on the streets of New York City. The hats caught on, so he drew up some ideas for coats and shirts and asked...
...Willie sound track recorded on the equipment owned by a con artist named Pat Powers, Walt Disney agreed to let Powers distribute his cartoons. Mickey Mouse was an instant star, but Disney saw little cash from Powers. From this he learned to trust no one. Walt's invaluable animator, Ub Iwerks, learned less. Powers lured him away to make Flip the Frog cartoons, and Iwerks sold his 20% share in Disney for $2,920. Today that stock would be worth perhaps half a billion dollars...
...official response did little to calm fears. Health Minister Horst Seehofer recommended that anybody who had received blood products since 1982 undergo a test for HIV -- which caused a run on testing sites. Hospitals were laboriously checking records to identify patients who received blood from UB Plasma, but the task was huge and the records were not always clear on the source of the products used...
...news of potential contamination of Germany's blood supply hit like a bombshell in a country already shocked by a decade-old scandal implicating negligent health officials in a cover-up of HIV-infected blood. The reports of HIV cases from UB Plasma blood raised fears among millions who had received transfusions over the past eight years. Hospitals were flooded with calls from former patients, and health administrators faced a rash of cancellations of elective surgery. "People aren't just afraid, they're panicking," said Erhard Seifried of the German Red Cross...
German officials may be guilty of laxity in policing the blood industry, especially UB Plasma. From 1985 to 1989 the firm operated without a license by exploiting a loophole in the law permitting production of small batches of plasma with case-by-case approval. In 1987 a UB Plasma worker told government officials that the company was distributing questionable blood products. The company's recent poor financial condition went unnoticed by regulators...