Word: instead
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Dates: during 2000-2000
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...long-haul truckers and late-shift waitresses, is not really about changing tactics; it's about changing enemies. He may not win a popularity contest against George W. Bush, but he might win one against, say, Exxon. You didn't hear him so much as mention Bush last week. Instead he found the enemies he wanted: the greedy HMOs, the polluters, the tobacco and oil companies. If the demons seem real and the stakes are high and issues actually matter, Gore gets to fight on the ground where he is strongest, win back the Democrats who have wandered off, maybe...
...most prices. They arrived at this model back in the mid-1980s almost out of desperation, when crude-oil prices had collapsed, natural-gas deregulation had thrown that market into chaos, and the Peruvian government had just nationalized Enron's offshore properties. Figuring they might as well leverage deregulation instead of succumbing to it--call it business judo--Skilling, a McKinsey & Co. consultant at the time, came up with a plan called the Gas Bank, to buy up reserves of natural gas, then package them for sale, with various prices and conditions for different customers. When electricity markets deregulated...
...another. Lyachin, 45, one of Russia's most experienced submarine officers, radioed the task-force commander for permission to fire. The transmission was monitored by the American surveillance ship U.S.N.S. Loyal, lurking about 186 miles west-northwest of the Kursk, as was the commander's "permission granted." But instead of the sounds of torpedoes being blown from launch tubes, sonar operators aboard U.S. submarines working with the Loyal heard two explosions, one short and sharp, the second an enormous, thundering boom. A Norwegian seismic institute also recorded the explosions and said the second carried the force of two tons...
...latest gambit is to apply the same principles he learned in the power and energy sectors to making Enron a leader in the booming telecommunications business. The plan isn't to go head to head with established fiber-optic carriers such as AT&T, Qwest and Williams Communications. Instead, Enron wants to use new switching technology and its expertise in trading pipeline access to transform a modest telecom network into a powerful arbiter of bandwidth. Enron's bet is simple: supply and demand will increase exponentially, turning bandwidth into a tradable commodity, just like gas and electricity. Along...
...operations from the phone to the Web eight months ago, the company has doubled revenues to more than $30 billion. Most of that is made through trading everything from energy and paper to weather risk derivatives and now bandwidth--more than 800 offerings in all. Think of eBay, but instead of auctioning $5 used Baby Gap pajamas, the company trades $600,000 blocks of natural gas--and pockets commensurately huge commissions. Boasts Enron president Jeffrey Skilling: "In terms of dollars transacted, we're the world's largest online site by a factor...