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That virtuality translates into remarkable profit margins. eBay's gross margins last quarter were a stunning 82%. Amazon, which actually has to acquire goods and ship them out, has gross margins averaging 20%. And because so much of eBay's customer recruitment is viral--sellers attracting buyers to the site...

Author: /time Magazine | Title: eBay's Bid to Conquer All | 2/5/2001 | See Source »

At one point in the tour the bus stops at Catedral de Sao Sabastiao do Rio de Janeiro, a modern cathedral built in 1960 that looks like a huge brown traffic cone. Inside, the pews are semicircular in shape, radiating from the center like wooden ripples from a stone thrown...

Author: /time Magazine | Title: Rock and Redemption in Rio | 1/11/2001 | See Source »

School officials offered that option to eighth-graders for the first time last spring. But they only budgeted for 10 students, which translates into a shortfall for this year's school budget.

Author: By Andrew S. Holbrook, CRIMSON STAFF WRITER | Title: Falling Into Disrepair | 1/10/2001 | See Source »

That's because an unprecedented 49% of American households today own stocks, either directly or through mutual funds and 401(k) plans, compared with just 4% in 1952. When the market rises, Americans feel wealthy. In 1999, when the Dow gained 25% and the NASDAQ soared 85%, household assets swelled...

Author: /time Magazine | Title: Economic Slowdown: This Time It's Different | 1/8/2001 | See Source »

Ceaselessly uttered, this hope was endlessly disappointed, but the allure of California never diminished (at least in the eyes of outsiders). Its early 20th century images are full of it, whether in a massive pair of strawberries, ca. 1910, on a railroad flatcar, a view of sublimely twisted eucalypts framing...

Author: /time Magazine | Title: Art: A Flawed Ex-Paradise | 12/11/2000 | See Source »

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