Word: consumerization
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Dates: during 2000-2000
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The investing backdrop hasn't been this frightening since 1990. An eroding wealth effect could hurt consumer confidence, while a surging dollar is taking a bite out of the earnings of U.S. multinationals. Among companies sending up earnings flags: Home Depot, Yahoo, Lucent, Intel, Kodak, Dell and DuPont. Meanwhile, renewed...
Your very informative article on Napster, the music-file-sharing program [TECHNOLOGY, Oct. 2], drove home one critical point: Napster sends a clear-cut message to the recording industry and also sends a strong edict to the artists themselves. Gone are the days when the consumer was forced to purchase...
Oh, yes, it does. And so far as the Department of Justice is concerned, maybe a lot better. Its antitrust division spent the summer trying a complex--some argue convoluted--case against Visa USA and MasterCard International in the U.S. Southern District of New York, in Manhattan. The two-year...
Consumer advocates like former Senator Howard Metzenbaum, chairman of the Consumer Federation of America, hope that a government win might lead to a shake-up in interest rates, which this summer hit a six-year peak of 17.8%. Interest rates and penalty fees have shot up over the past several...
"In theory, at least, the consumer should be the one who benefits from competition, but in fact, the entire system benefits," says Giuseppe Tesauro, president of the Authority and the man behind its newfound rigor. "Competition is democracy in economic relations. The very companies that do things to block competition...