Word: weaponed
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TIME's test drive last week revealed a fast, easy-to-use operating system that hints at what may be Gerstner's real ambition: an operating system designed and optimized for the Internet. IBM's thinking seems to be that the Net could be its best weapon yet in the war against Microsoft. Herewith, an exclusive look inside the Net-friendly program...
WASHINGTON, D.C.: President Clinton vetoed a bill limiting damage claims in product liability suits, arguing that it ignored the rights of states to set limits on awards and took away consumers' best weapon against large corporations. The bill had passed both houses of Congress, but proponents did not have enough votes to assure an override. Republicans had pushed hard for the bill, one of the elements of the GOP's Contract With America, which they said would lower prices of many goods and services by cutting the insurance and litigation costs of manufacturers. As Clinton vetoed the measure, Bob Dole...
Price competition is an alien concept to the handful of firms that dominate the cereal industry. "Their rivalry is more akin to the choreographed grunts of televised wrestling than a cutthroat duel to the death," says John Connor, a professor of agricultural economics at Purdue University. "The ultimate weapon, steep price cuts, is rarely used." That has kept profit margins high. Ronald Cotterill, director of the Food Marketing Policy Center at the University of Connecticut, estimates that cereal firms pocket an average of 17% of their sales as operating income, vs. 7% to 8% for the food industry...
...Theodore J. Kaczynski '62, Harvard graduate and Unabomber suspect, the mailbomb is allegedly the weapon of choice, but for the last two weeks Harvard undergrads have used semi-automatic toy guns...
...knock off new ideas, which underscores the importance of locking up the best locations quickly. The ability to establish a national presence brings with it buying power that can lower the cost of advertising, equipment and ingredients. That in turn creates cost advantages that can be used as a weapon against less efficient operators...