Word: nationalization
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Dates: during 1990-1999
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Moreover, eBay has exposed America as a nation of collectors. Matchbook covers, cast-iron witches' cauldrons, Pez dispensers, pneumatic grease pumps from the 1920s, Three Stooges memorabilia--you name it, some American somewhere collects it. "We define ourselves by our stuff," says Robert Thompson, president of the Popular Culture Association and a Syracuse University professor who specializes in the study of collectibles. In a democracy, with everyone theoretically equal, people want to be different. We don't have a caste system; we've never had a blood-line aristocracy. We've distinguished ourselves by our cars, by the clothes...
...tough to see why 100 million customers shop at Wal-Mart every week. The nation's top retailer sells everything from sweatpants to string beans, rakes to Ritalin. It keeps its prices low, its shelves stocked and its big, wide aisles peppered with blue-smocked clerks. The company will ring up about $160 billion in domestic sales by year's end, with profits on track to top $5 billion. With that kind of scratch--and a proven knack for giving people what they want--the House That Sam Built seems a shoo-in for success in cyberspace...
...stock market remains at record levels, and productivity grew twice as fast in the 1990s as it did in the 1980s. No one person, of course, can claim credit for this performance, but over the past dozen years, Greenspan's quiet confidence and masterly control of the nation's money supply have done much to convince consumers and Congress that the investment-driven economic growth is real. Although Chairman Greenspan will be 74 when his third term expires next June, the job remains his for the asking. As presidential contender John McCain suggested earlier this month, the one sure...
While most of the U.S. enjoyed a peaceful holiday weekend, the nation's law enforcement community quietly worked to preempt a New Year's catastrophe. In the Northwest the FBI tracked the lead of a Washington State airline employee who recalled selling a plane ticket for Las Vegas last week to Adbelmajed Dahoumane, the suspected accomplice of Ahmed Ressam, the Algerian man caught smuggling explosives across the U.S.-Canadian border. Dahoumane's destination raised a red flag - Las Vegas will host one of the nation's largest New Year's celebrations on its fabled strip. The feds continue to scour...
...Robert G. Miller's job to rebuild it. Named Rite Aid chairman and CEO last week, Miller, 55, comes from the No. 2 job at Kroger, the nation's grocery powerhouse. To heal the drugstore giant, he'll have to regain confidence on Main Street and Wall Street: Rite Aid has been the biggest loser in the S&P 500 this year, with an 80% drop in its shares since January...