Word: k
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Dates: during 1990-1999
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...Harvard students selected are Jonathan J. Finer '99 of Winthrop House, Akash K. Kapur '98 formerly affiliated with Dunster House and Navin Narayan '99 of Adams House. The Rhodes scholarship was established in 1904 by the estate of Cecil Rhodes. Rhodes envisioned bringing students from nine beneficiary countries to Oxford, his alma mater, to promote international understanding and peace...
...first investment banker to realize that chain stores would one day dominate retailing, and he got rich by underwriting (and often controlling) such future powerhouses as S.S. Kresge (now K Mart) and Safeway Stores. He set up one of America's first wire houses--brokerage firms with branch offices in different cities connected to the main office by Teletype...
...barber named Herb Gibson from Berryville, Ark., began opening discount stores outside towns where Sam ran variety stores, Walton saw what was coming. On July 2, 1962, at the age of 44, he opened his first Wal-Mart store, in Rogers, Ark. That same year, S.S. Kresge launched K Mart, F.W. Woolworth started Woolco and Dayton Hudson began its Target chain. Discounting had hit America in a big way. At that time, Walton was too far off the beaten path to attract the attention of competitors or suppliers, much less Wall Street...
...Mart's influence grew, however, and passed that of competitors K Mart and Sears, Walton began to be villainized by some, especially beleaguered small-town merchants. They rallied a nostalgic national press, which--from its perch in Manhattan--waxed eloquent on the lost graces of small-town America, blaming that loss squarely on Sam Walton...
When the 1980s and '90s turned into the age of personal investment--courtesy of the 401(k)--as well as celebrity capitalism--courtesy of Michael Milken's junk bonds and the bull market--MONEY was joined by a passel of rivals, including SmartMoney, Worth and Mutual Funds, each of which made the eternal promise of investment journalism--pssst, you can beat the market...