Word: evening
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Dates: during 2000-2000
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...growing level of discontent among ordinary people over the unaccountability of those who rule them. Every month sees protests by farmers or workers against graft and illegal tax gouging by local officials. President Jiang Zemin fears corruption could mobilize angry masses nationwide against the Communist Party and even bring down the government, and he has issued edicts to crack down on graft...
...past year, customs cops on the Miami River seized a record 7,200 lbs. of cocaine, most from Haitian ships, four times as much as in the previous year. Haiti's imaginative narco welders have forced an inspection revolution. Customs teams often spend days dismantling keels, engine rooms and even onboard septic tanks and voodoo shrines that have yielded as much as 1,100 lbs. of coke at a time. "We've never seen the Colombians use a vessel's structure this way," says Miami customs supervisor Tom Stefanello over the racket of his agents' riveters...
...inventory of 30,000-plus items, more than 1 million unique visitors monthly and a massive, last-minute rollout of 3,600 Internet kiosks in 1,200 K Marts across America. CEO Mark Goldstein is blithely turning away job applicants--unheard of in employee-hungry Silicon Valley--and even considering buying a failing dotcom or two for Christmas. "There's some great stuff out there," he muses. "We can make them profitable, take them under our wing...
Those who want to make it to Round 2 had better hope Santa is good to them. Even before a single retail site burst online, America had too many retail stores. By 2000, it also had too many e-tail stores. Result: shuttered sites, struggling shops and shredded profits across the sector. Poor performance by such companies as the Gap, Nordstrom and J.C. Penney added to the dotcom carnage in the stock market. And new worries that consumer spending is slowing, presaging a recession, have made this Christmas the most critical in years...
...turned into Scrooges--slashing costs, scanning the bottom line and praying fervently for a Christmas Future. Sites such as eToys, whose stock has dropped 94% in a year, openly admit they will need cash transfusions by the end of 2001. "We need one more round of financing to break even," says Toby Lenk, founder of eToys. That's why grabbing an impressive chunk of the estimated $12 billion being spent online this November and December is "absolutely critical," adds Lenk. Trouble is, his top two rivals from last year--Amazon.com and Toys "R" Us--have since teamed...