Word: sec
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Dates: during 1990-1999
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Each item goes into a large green crate that contains many customers' orders. When full, the crates ride a series of conveyor belts that winds more than 1 miles through the plant at a constant speed of 2.9 ft. per sec. The bar code on each item is scanned 15 times, by machines and by many of the 600 full-time workers, all of whom get Amazon stock options...
...untrue. Since I already had a TV-cable outlet in my home office, it took the cable guy half an hour to plug in the modem, drop an Ethernet card into my PC and configure it all. Bing, bang, I'm online at 5 or more megabits per sec...
While rivals like CVS and Walgreens are enjoying record profits, the nation's second largest drugstore chain is saddled with billions of dollars in debt and caught in the crosshairs of an SEC investigation into its questionable accounting practices. For months the bad news has been relentless: In mid-October the board forced out CEO Martin Grass and announced that pretax profits for the past three years would be revised downward by $500 million. Then just before Thanksgiving, the chain's longtime auditor, KPMG, bolted after refusing to re-examine its client's books. Says Edward Comeau, an analyst...
...dirty work for you? Dyson's DC06 robotic vacuum cleaner, unveiled last week and due out in May, uses three onboard computers and 50 sensors to navigate its way around your plants, pets and furniture--all without tumbling down the stairs. The DC06 hums along at 1.5 ft. per sec. and can negotiate small inclines up to 1-in. high. If it sounds too good to be true, perhaps the price will bring you back to earth: at $3,500, it's more expensive than hired help...
Considering they could spend as many as five years in prison for their deception, Aziz-Golshani and Melamed will probably think twice before trying this money-making scheme again. But, as SEC officials and law enforcement agencies know, there are plenty of other opportunists who'd be happy to take their place. In these heady days of prosperity and a ballooning stock market, measured, critical financial reasoning strikes some people as cynical and potentially disastrous. (He who hesitates is lost - and loses out on that IPO.) That pervasive air of recklessness, combined with the infinite information available to investors, renders...