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...unnerving analogies don?t stop there. The twenties and the combined eighties and nineties blew up huge stock market bubbles around technology - automobiles, radio, aviation, electronic utilities and appliances in the 1920s, and more recently, the Internet, chips, software, bandwidth and biotech. The small top tier of Americans with the large stockholdings are always lopsided beneficiaries, which increases the concentration of wealth and income in the top one percent (especially the top one-tenth of one percent). By 1928-29, the top one percent share of total U.S. wealth (some 40-44%) and income (some 17-19%) maximized at levels...

Author: /time Magazine | Title: Absolute Wealth Corrupts Absolutely | 7/2/2002 | See Source »

...crime, false prophets and economic measurements like unemployment that add to instability and civil unrest, thereby easing the way for the Antichrist. In other words, how close are we to the end of the world? The index hit an all-time high of 182 on Sept. 24, as the bandwidth nearly melted under the weight of 8 million visitors: any reading over 145, Strandberg says, means "Fasten your seat belt...

Author: /time Magazine | Title: Apocalypse Now | 7/1/2002 | See Source »

...were downloading entire albums and then sending them to 10 other people. Twice an hour. With every computer. In almost every room. The effects were less than pleasing to the people at Harvard’s Network Operations Center, and they eventually clamped down on our bandwidth. The restrictions remain in place today...

Author: By C. MATTHEW Macinnis, CRIMSON STAFF WRITER | Title: Technically Speaking, We Witnessed it All: Four Years of Technology Changed the Way ’02 Lived | 6/6/2002 | See Source »

Then came the post-bubble follow-ups, like Kazaa and Morpheus, two services still in use today. The Class of 2002 witnessed the golden era of free music swapping—unlimited bandwidth, unenforced laws and active participation—a combination almost surely never to be seen again...

Author: By C. MATTHEW Macinnis, CRIMSON STAFF WRITER | Title: Technically Speaking, We Witnessed it All: Four Years of Technology Changed the Way ’02 Lived | 6/6/2002 | See Source »

...clearer sound and more choice. Digitalization transforms sound into the binary codes of 1s and 0s, which can be transmitted as audio waves free from interference. The result is a CD-like broadcast unmarred by the hiss, static and drift that bedevil analog stations. And because digital uses little bandwidth, it allows for the transmission of many more channels. Niche stations already available in Britain range from all-film music to classic rock to One Word, a station that features audio books. Advertisers are keen to embrace digital radio because its increased market segmentation will let them target specific audiences...

Author: /time Magazine | Title: Don?t Adjust Your Dial | 2/25/2002 | See Source »

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