Randy Simor's entrepreneurial savvy was severely tested when police and anti-government protesters in Budapest skirmished during celebrations commemorating the 50th anniversary of the 1956 Hungarian uprising against the Soviet Union. As the CEO of Meditours Hungary, a Budapest-based business offering Americans and Europeans access to Hungarian medical care, he had five clients in the city that day.
Forget lists of "What's Next" in travel. Eastern Europe is "What's Now." While it's catching up to the West -- becoming more modern, expensive and crowded -- Eastern Europe remains a great value. Here's what to expect this year.
Although the cost of a barrel of crude jumped more than 40 percent this year to over $90 in October, the spike was driven more by jitters about unrest in the Middle East and forecasts of strong demand than by a drop in supply.
Q. My website, which aggregates deals on travel and electronics, isn't getting much traffic from Google AdWords. How do I market my site and generate traffic on a small budget? - Kamlesh Patel, Director, Grab2travel.com
As technology companies search from India to Eastern Europe for talent, and employers of day laborers decry attempts to cut off the supply from Latin America, CEOs seem to have overlooked one way of at least partly remedying the worker-shortage problem: Make their companies more family-friendly.
A strip of honey-colored flypaper spirals down from a thumbtack that anchors its now-empty canister. Speckled with lifeless flies, the canister swings each time the violin bow pokes it.
Can you name three world-class players in the Brazilian first division?
It can't be said too often, because so few people even still understand its gravity: The adoption of technology in the developing world is tech's biggest trend. A new report by Forrester Research predicts there will be 2.25 billion PCs in the world by 2015, up from 755 million today. The vast majority of that growth will come in places like China, India, Brazil and Eastern Europe.
Overseas markets have been hot -- and Americans have noticed. Last year, for the first time ever, investors put more money into foreign-stock funds than into domestic ones, according to the Investm...
Ever dream about buying a little place in the rolling hills of Ireland? Perhaps you're drawn to living in Tuscany or wandering the snaggleways of London.
Randy Simor's entrepreneurial savvy was severely tested when police and anti-government protesters in Budapest skirmished during celebrations commemorating the 50th anniversary of the 1956 Hungarian uprising against the Soviet Union. As the CEO of Meditours Hungary, a Budapest-based business offering Americans and Europeans access to Hungarian medical care, he had five clients in the city that day.
Forget lists of "What's Next" in travel. Eastern Europe is "What's Now." While it's catching up to the West -- becoming more modern, expensive and crowded -- Eastern Europe remains a great value. Here's what to expect this year.
Although the cost of a barrel of crude jumped more than 40 percent this year to over $90 in October, the spike was driven more by jitters about unrest in the Middle East and forecasts of strong demand than by a drop in supply.
Q. My website, which aggregates deals on travel and electronics, isn't getting much traffic from Google AdWords. How do I market my site and generate traffic on a small budget? - Kamlesh Patel, Director, Grab2travel.com
As technology companies search from India to Eastern Europe for talent, and employers of day laborers decry attempts to cut off the supply from Latin America, CEOs seem to have overlooked one way of at least partly remedying the worker-shortage problem: Make their companies more family-friendly.
A strip of honey-colored flypaper spirals down from a thumbtack that anchors its now-empty canister. Speckled with lifeless flies, the canister swings each time the violin bow pokes it.
Can you name three world-class players in the Brazilian first division?
It can't be said too often, because so few people even still understand its gravity: The adoption of technology in the developing world is tech's biggest trend. A new report by Forrester Research predicts there will be 2.25 billion PCs in the world by 2015, up from 755 million today. The vast majority of that growth will come in places like China, India, Brazil and Eastern Europe.
Overseas markets have been hot -- and Americans have noticed. Last year, for the first time ever, investors put more money into foreign-stock funds than into domestic ones, according to the Investm...
Ever dream about buying a little place in the rolling hills of Ireland? Perhaps you're drawn to living in Tuscany or wandering the snaggleways of London.
A crook has two advantages: The rise of fast credit and the easy availability of the information he needs to pretend to be you.
A mix of masculine and feminine, the elegance of a decade gone by and bright colors defined the wide array of looks in the first few days of New York Fashion Week.
Growth stocks haven't been this cheap in years. Risk: A weak economy might keep them cheap.
A new UNICEF report finds that millions of children in Eastern Europe and Central Asia still live in poverty, despite economic progress being made in the region.
Twice a day, laundry is sent out for washing from a Berlin hotel -- but the sheets don't stay in Berlin. They go all the way to Poland, to be washed there and returned within 24 hours.
With 10 more countries about to swell the ranks of the EU come May 1, the one business sector likely to get a boost is the travel industry -- both for leisure and business.
It could have been a scene straight out of "Casino Royale."
The Bush administration has rolled out a five-year, $15 billion government-wide strategy for combating the AIDS/HIV pandemic.
The MyDoom worm, which knocked out the Web site of a software company by bombarding it with a flood of data, has heightened concern about the threat of computer viruses.
BROADBAND Electrifying the Net
MICHAEL BAKER ArthroCare
When it comes to emerging markets, there's almost no end to the bad news. After a disastrous 2000, when they shed 30% of their value, stock markets in Latin America, Africa and Asia continued to tu...
Mutual funds that invest in small, fast-growing companies are nothing but trouble. Of all fund categories, small growth funds have plagued the greatest number of investors. Millions of people have ...
We've long agreed with the prevailing wisdom that the threat of Internet credit-card fraud is minimal. Then came the January case in which an unidentified computer hacker, thought to be based in Ea...
What's bright green, tastes funny, may cause weird sensations and seizures if you're daring enough to drink it, and is suddenly showing up in all the really cool places these days? If you answered ...
STYLE MATTERS. ON THESE PAGES, YOU'LL FIND A GUIDE TO THE DIFFERENT TYPES OF FUNDS REPRESENTED IN THE MONEY 100--PLUS SUGGESTIONS ON HOW YOU CAN COMBINE YOUR FUNDS TO CREATE AN EFFECTIVE PORTFOLIO....
I grew up in a planned economy. Bureaucrats didn't run everything: Small-business men were more or less free to buy and sell as they saw fit. But those who controlled the economy's "commanding heig...
We're witnessing the Information Age equivalent of pigs being swallowed by snakes: Fat chunks of the conventional telecom business are getting absorbed by the Internet and new digital long-distance...
Not too long ago, only investors with an Evel Knievel-like tolerance for risk would have considered emerging markets bonds. After all, as last fall's Asian economic crisis reverberated through deve...
The 1997 Burgundies are still six months to a year or more away from your wine merchant's shelves, but the vintage will likely be one of the most overpriced in recent memory. The early warning was ...
Owning one of the hottest--and thus, perhaps, one of the riskiest--mutual funds specializing in Eastern Europe may have just gotten a little riskier. The reason: The manager who got things off to a...
"When I first went looking for money to invest in Russia, people threw me out of their offices," Boris Jordan says. "They don't do that anymore."
Income investors who want equity-like returns can take a chance on sizzling emerging markets bond funds, which invest in debt issues in Latin America, Eastern Europe and the Far East. For the 16th ...
Ever since the Berlin Wall came down, people have been talking about the possibility of making big money in Eastern Europe. Now at least some investors are. A little-known mutual fund, Vontobel Eas...
Risk rules the bond rankings. Almost all the top spots for the past one, three, five and 10 years (to Jan. 27) belong to funds that invest in the diciest securities: emerging market debt and high-y...
Lured by spectacular gains in markets such as Russia (up 105% in the first eight months of this year), Hungary (86%), Poland (77%) and the Czech Republic (26%), several new mutual funds have sprung...
After six years of false starts, hardship, and loud public skepticism, Central Europe's three main economies have emerged from the Russian bear's shadow and look sustainably bullish. The Czech stoc...
DANIEL ARBESS was a baby-faced associate at the venerable New York law firm White & Case when he first traveled to Prague on vacation. It was December 1989, and the Czech capital was just emerging ...
The prosperous Czech Republic faces an unusual problem: too much foreign capital. The central bank's reserves of Western currency rose from $3.8 billion to some $5.3 billion in this year's first ni...
WESTERN INVESTORS have poured some $15 billion into Eastern Europe in the five years since the Berlin Wall came down, but not everyone is happy. General Electric had to put an additional $400 milli...
Just months ago, the experts were writing off exports. Yes, U.S. manufacturers had become competitive on price and quality, but recession-ridden Europe and Japan simply didn't have much reason to b...
Wall Street old-timers used to chuckle about ''Peruvian bonds'': broker slang for worthless securities. Nowadays owners of the Andean country's debt are the ones who are smiling. Loans that sold fo...
While most of the industrialized world rouses from recent economic slumber, many developing nations are long awake and working overtime.
GLOBALIZATION. Aren't we sick of it? Haven't we heard enough already about consumers from Alabama to Zambia wearing Levi's and Nikes and sweaters from Benetton, drinking Coke and Pepsi, eating Big ...
Wilkommen to language school. Sorry about the crowd, but this industry is booming. Berlitz, which leads the field in teaching foreign tongues to executives, reports business enrollments shot up 49%...
WITH THE impending merger of France's Renault and Sweden's Volvo, the ranks of the world's top 30 manufacturers of cars and light trucks are churning (see list on following pages). The Japanese aut...
(10) Painful farewells to complimentary Harvard manservant. (9) Nude break-dancing duels discouraged at most Wall Street firms. (8) Diplomas now made of paper, not animal skin parchment, which I co...
Interested in putting a few thousand dollars into hot growth companies in Eastern Europe? Or in one of those richly rewarding private placements of stock that Saudi Arabian princes seem so fond of?...
-- From the Baltic to the Black Sea, Eastern Europeans are loading up on merchandise bearing U.S. brand names like Kodak, Kellogg's, Band-Aids, Rice-a- Roni, SlimFast, and Purina Cat Chow. Warsaw s...
THIS WAS supposed to be Europe's year, the magical, long-awaited 1992 that would release all the competitive power locked up by nationalism, tribalism, and protectionism. Instead, Europe got divisi...
AT TIMES our aspirations seem no more than wishful dreams. With a sluggish global economy, a tight job market, slumping housing values, and rising costs for such essentials as health care and tuiti...
SOUTH KOREA'S long quest to be the next Japan seems right on schedule. The country's giant conglomerates are moving into every market on earth. Goldstar has bought a 5% stake in Zenith Electronics ...
SOUTH KOREA'S long quest to be the next Japan seems right on schedule. The country's giant conglomerates are moving into every market on earth. Goldstar has bought a 5% stake in Zenith Electronics ...
Few events hold as much potential for gains as the coming economic unification of Europe. Though there are still plenty of stumbling blocks, analysts figure that a successful integration could add ...
It's almost a truism that world capital shortages loom during the Nineties as emerging market economies vie for funds with the industrial countries. Barry P. Bosworth thinks otherwise. A senior fel...
Of all the emerging Eastern bloc nations, none has a brighter future than Hungary. This peppery land of goulash and bauxite has taken to economic freedom with a vengeance. Within the last year or s...
A NERVOUS SOBRIETY has set in across Eastern Europe. Two years after the Iron Curtain came crashing down, the region's experiments with capitalism might, to some eyes, seem an excellent advertiseme...
Business is always personal, but especially so in Eastern Europe, where daunting bureaucracy and changing ground rules can spook even veteran investors from abroad. In such a climate, knowing the r...
Allied bombing in World War II couldn't destroy Konigsberg when it was part of Germany, and neither could 46 years of urban planning by the Soviets, who got hold of the city in 1945 and renamed it ...
The triumph of capitalism does not come cheap. As country after country struggles to build its market economy, the world will need more money than it did in the Eighties. Latin America, Eastern Eur...
COMPETITION/COVER STORY 48 DRUGMAKERS UNDER ATTACK Marketing muscle, patents, and a unique relationship with customers have made them America's most profitable industry. That will change as insurer...
Westerners eyeing business opportunities in Eastern Europe will find encouragement in Pope John Paul II's new 114-page encyclical. The Pope, once thought to have a slightly leftish political tilt, ...
IF YOU THINK America is suffering an inexorable industrial decline, the 1990s will surprise you. Capital investment -- a key indicator of vitality -- will rebound robustly in the manufacturing and ...
PATRICIA A. ZLOTIN, 44 MASSACHUSETTS FINANCIAL SERVICES CO. Five years ago Zlotin helped launch this Boston mutual fund company in the business of managing government securities. Today she runs fiv...
IF YOU DOUBT that there's a new climate for foreign businesses in Latin America, consider this tale. Michael Jordan, chairman of PepsiCo's international snack and beverage businesses, called on Mex...
The German automaker's $5.3 billion investment in Czechoslovakia's carmaker Skoda opens up the new and potentially huge Eastern European market, but it also may cost the company its planned comebac...
If a new world is indeed to be born in the aftermath of the Cold War, the midwives will be business leaders. So, at least, argues Paul Saffo of the Institute for the Future, a research outfit in Me...
WHAT INVESTOR isn't nostalgic for the Eighties? It seemed all you had to do was plunk down your money and watch it grow like a line at a Madonna concert. Investors in stocks enjoyed the second-best...
WITH THREE children nearing college age, this family will soon hear the wolf at the door, howling for tuition. Fossel suggests a portfolio with equal weight in stocks and bonds to wring out income ...
Since World War II, store owners in Eastern Europe might have echoed Eddie Cantor's famous ''Yes, we have no bananas!'' But with Communism out, all that is changing. ''Fresh fruit has become an aff...
TWICE BURNED in the 1970s, Western Europe and Japan have spent the past decade getting ready for another oil shock. High taxes on heating oil and gasoline, among other measures, have reduced oil's ...
FOR POLAND this may be the most dangerous summer since 1939. While their Soviet neighbors fiddle, the gutsy Poles are switching from Communism to capitalism in one stroke. But their boldness has al...
Not only is the U.S. starting to invest in Eastern Europe -- Eastern Europe is starting to invest here as well. Earlier this year Planeta, a printing press manufacturer near Dresden, East Germany, ...
If it worked for Silicon Valley, it can work for Eastern Europe -- or so the theory goes. The U.S. government is investing taxpayer dollars in venture capital funds -- the same financial vehicles t...
Archer Daniels Midland. The giant grain processor (NYSE, $25.50) has a firm foot in such growth fields as Eastern Europe and clean fuel. Its price could jump 20% in a year. Page 60
-- The British economy as a whole may not be doing too well, but British corporations took 28 of the top 50 places in a recent survey that ranked 250 European companies by profitability. (See table...
The Berlin Wall's fall last November raised more than hopes for finally reconciling Europe's post-Hitler halves. It upped the ante of perestroika, Mikhail Gorbachev's bold reforms of the Soviet blo...
-- Lock in long-term bond yields now and get ready for a capital-gains kicker later on. With, say, a 30-year Treasury paying a handsome 8.9%, you could wind up with an annualized return of nearly 1...
The gods have smiled on G.T. Europe Growth Fund. It was launched in 1985 with John Legat in charge when he was only 22. It soon got a lift when members of the European Community agreed to abolish t...
COMMUNISM HAS IMPLODED. In country after country, it is proclaiming its own failure, desperately searching for ''reform'' and new beginnings. Yesterday's heresies are today's official promises; yes...
Does the dollar's recent surge against the yen awaken bad memories? Put your fears to rest. It is nowhere near its 1985 peak and is likely to fall in the months ahead. The merchandise trade deficit...
History is unfolding so rapidly in Eastern Europe that it is tempting to just sit back and watch the show. But those who do risk missing what may be the biggest capital investment boom since the re...
There is a tendency in the Western world to talk about only one region at a time. Ten years ago, people talked about Latin America as a great opportunity. Now everyone talks about Eastern Europe. I...
We've seen in the 1980s what's going to come in the 1990s. There's going to be a lot more of the same: fragmentation. We're moving into a period of greater freedom, a time for the individual. Netwo...
The idea of bringing power back home where people can watch those who exercise it up close and can have something to say about how their lives are governed will enjoy a renaissance in the Nineties....
There are lots of painful antidotes to the demographic pressures American society will experience in the decades ahead. But increasing immigration is the only painless one. As the average age of th...
Globally the prospect -- not the certainty, but the hope -- that we will have to devote less of our attention and resources to the possibility of war and the preparation for it alters the way we ca...
Intellectual capital -- the knowledge necessary to make a product, which produces wealth -- has always existed, but in the future, the ratio of intellectual capital to materiel is going to continue...
The growing appetites for products will come from the Third World, and its ambitions and demands will mimic in most ways everything that has gone before in Western society. Once television is there...
The prod for restructuring Europe by 1992 was not fear of America but fear of the Japanese. Europe, like the U.S., needs to reorganize itself, to work and compete on a much broader scale than on pu...
AS THE TANNED, athletic-looking man with the thick mop of white hair stepped off a plane in Prague, the cheers of 10,000 Czechs rang in his ears. Was this ) a beloved former politico coming home fr...
The sharp jump in interest rates in January and early February sent small investors scrambling into high-yield stock funds, municipal bond funds and money funds. For the month, the MONEY Small Inve...
COVER STORY: GET SUCCESS AND SECURITY 74 How to change your life and achieve financial security by Andrea Rock A growing number of Americans are discovering they can earn what they want by doing wh...
-- The red star and the Cyrillic writing on the back pockets and an accessory in the form of a free screwdriver mark a hot new seller: cotton jeans ($60 and up) from the Soviet Union. The screwdriv...
We should properly relish the failure of Communism and the corresponding triumph of capitalism, but we should try to be realistic about what we are celebrating. Our society has won because, through...
AMERICAN chief executives, like most of their compatriots, have elatedly watched the spirit of freedom steamroll through Eastern Europe, toppling hard- line Communist regimes as if they were made o...
-- The economic chaos engulfing Argentina underscores changes sweeping through South America that in some ways are as profound as those of Eastern Europe. On the plus side, South America is moving ...
Oh, the mysteries of gold. It is interest-rate sensitive, like bonds, and an inflation hedge, like real estate. It is also a commodity, and a currency, and it makes a swell watch. So how can you te...
''Bold and brilliant,'' trumpeted Chicago philosopher Allan Bloom when his former student Francis Fukuyama published ''The End of History?'' in the neoconservative journal The National Interest las...
Despite the astonishing events in Prague and East Berlin, most pros advise against making big bets now on Communism's collapse. Says Kurt Schiltknecht, chairman of Switzerland's Bank Leu: ''Let's w...
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