Take a look at the newspaper business these days, and you'd think it's headed for the trash heap. Stock prices are in the tank. Staffs are being slashed. Circulation is plummeting: just this week, the newspaper industry reported that the average daily circulation of 770 newspapers across the country fell 2.8 percent for the six months ended Sept. 30—one of the steepest drops for any comparable period in the last 15 years.
Casino mogul Steve Wynn has just come from his daily two-hour Chinese lesson. In addition to learning the basics, he says he's studying phrases he might need for his new venture: "Welcome to our hotel" and "I hope this is the beginning of a long friendship."A long and profitable friendship, that is.
At 7:30 a.m., 21-year-old Brian Chaikind is awakened by two alarm clocks--one on his iPod, the other on his cell phone. As he goes from school to work, he often glances at his cell to stay on schedule. "I have a cell phone and my iPod," he says. "I don't need a watch." He's not alone.