Word: ending
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When the Polaroid film factory in the Dutch town of Enschede shut down in June 2008, it seemed to signal the end for one of the most ingenious and iconic innovations of the 20th century. Almost 60 years after American inventor Edwin H. Land sold the first Model 95 of his new instant-picture camera in Boston in November 1948, the troubled Polaroid Corp. halted its cassette-film production for good. Demand was still relatively high - the plant churned out 30 million cassettes in 2007 and 24 million in the first half of 2008 - but the plant...
...part of their charm," says Kaps. While the company is still in negotiations with Polaroid over the use of the Polaroid name, it has been given permission to make film that will work in Polaroid cameras. The trial monochrome version of the film will go into production at the end of October and, if all goes according to plan, should be available to the masses in time for Christmas, "before people start to throw away their old Polaroid cameras," says Kaps. In 2010, when the color version should hit the shelves, Impossible hopes to sell 1 million new films, with...
...profits of Babies "R" Us, the country's dominant big-box baby retailer? According to a federal judge, it appears that could be the case. On July 15, the U.S. District Court in Philadelphia granted class-action status to a complaint that Babies "R" Us coerced manufacturers of high-end strollers, car seats, high chairs, strap carriers and breast pumps into preventing Internet retailers from discounting their products...
...event that would have had extremely adverse and protracted consequences for the world economy," Bernanke said. Market improvements were already allowing the Fed to unwind some of the extraordinary actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over the Fed - could bring a "perceived loss of monetary policy independence" that "could raise fears about further inflation, leading to higher long-term interest rates...
Until the end of the 19th century, all jockeys assumed a pose on the horse much like that of dressage riders: back straight, head up, seat planted firmly in place. The posture provided plenty of speed and plenty of control and, significantly, did not require the riders to support their own body weight - a real consideration over the course of a long race...