The great American dream: building a much better mousetrap
Richard Hlava developed Credit Prompter in response to a need he perceived for the credit industry to have a store and forward device for accessing TRW which required little user training. In 1981 the prototype for the machine was presented and found a favorable response. RJE Communications, the company he formed, has doubled their sales each year since 1981, and anticipates sales of $4 million in 1985. Downline loading is the most advanced feature, and CP 120C, their newest product, offers concurrent operation and universal format. Because of his background, Hlava places a high emphasis on customer service.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
Hurricane Mitch has cuased a large amount of damage in Central America, with thousands of deaths caused by mudslides and floods which have also destroyed homes and transportation links. Nicaragua and Honduras have been worst hit, with coffee and banana plantations devastated and isolated areas cut off. Both countries had started to undergo an economic recovery. The damage caused by the hurricane has been so severe that their economies could take between 30 and 40 years to recover.
Publication Name: The Economist (UK)
Subject: Business, international
Small is beautiful
The state of Tennessee has taken positive action to limit class sizes for children aged under eight, having acknowledged that smaller classes can bring considerable benefits for younger children. This follows several years of in-depth research aimed at proving the value of smaller classes. The state government has finally been persuaded to provide the extra funding required to recruit more teachers.
Publication Name: The Independent
Subject: Retail industry