Word: medium
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...encouraging trend, several new shows have black or Latino leads, at a time when the medium is still lacking in them. And not every scripted show looked like a snooze. CBS is offering Joan of Arcadia, about a teenage girl who talks to God; in NBC's Miss Match, Alicia Silverstone is a divorce lawyer and matchmaker. UPN's The Mullets--about a pair of hard-rockin' idiot brothers with the eponymous short-in-front-long-in-back haircuts--got the biggest laughs of the upfronts for the title alone. And Fox had, hands down, the most intriguing series ideas...
...recognized seal of quality of the German handicraft sector." Clement is unfazed. Although he admits that the current economic climate won't encourage handicraft start-ups in the near future, Clement's aide Rezzo Schlauch, the Economics Ministry state secretary, says the reform is "intended to have a medium- and long-term effect" and will be bolstered by a "mobilization of venture capital" through the state-owned KfW bank. Even if the proposed elimination of the Meisterbrief doesn't give Germany the economic boost it needs, it will put German artisans on an equal footing with their European colleagues...
...largest, manifestation of a phenomenon that has been plaguing small merchants in European cities for more than a decade. In that time, the number of American-style megastores and shopping malls around Madrid has more than doubled, from 96 to 210, even as the amount of small- and medium-sized businesses has shrunk by a quarter, from 87,000 to 62,500. "Like it or not, suburban sprawl is happening in Europe," says Mills Corp. CEO Laurence C. Siegel. "We are going to serve as the downtown for the southern reaches of Madrid." He predicts Xanadú will create more...
...well of funding for entrepreneurs like Mao poses a danger for the entire country. As China shifts from a state-controlled economy to a free market, success will depend largely on the work of gritty local companies producing pedestrian goods and services. Small- and medium-size enterprises generate most of China's employment growth. By the government's reckoning, companies with annual revenue of less than $30 million account for more than 8 of every 10 jobs in urban China and three-quarters of the country's industrial output...
...states' overall budget troubles are the biggest danger for muni investors, and ample reason to be very selective. No state has defaulted on its general-obligation bonds since the Great Depression, so stick with these "GOs" or with "essential service" bonds issued by water, sewer or even school authorities. Medium-term maturities of about 10 years are the bond market's sweet spot today; prices here are less vulnerable to rising interest rates--a certainty at some point--than are those of longer-term bonds...