Word: boarding
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Dates: during 1990-1999
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Last Thursday night's inaugural meeting of the WTF featured techniques ranging from the more aggressive board breaking to demonstrations of form...
...Board members also point out that the Internet can be a disruptive force, because it bypasses many business functions and can lead to their demise. Travel agencies could be in very, very difficult shape, for instance. Says Newman: "I think you will eventually see some change in the distribution of automobiles, because people detest the process" of getting all their information from dealers; they prefer to gather data on the Net. Varian believes that shopping malls will continue to draw people, but many consumers will come only to visit movie theaters, restaurants, cafes and other entertainment outlets. He thinks shopping...
...please put heavy emphasis on the words could and almost. A gathering of TIME's Board of Economists, which met in San Francisco and was largely composed of specialists in the workings of nearby Silicon Valley, left a clear message: members were not at all prepared to forecast for the country an automatic or painless ascent into an Internet nirvana...
Paradoxically, perhaps, at least some board members think the accelerated pace of business can lead to more leisure for workers--in about 15 years, says Varian. The reasoning: more work can be done in less time. Romer is unsure about leisure, but predicts another, generally beneficial aspect of the speedup. Faster economic growth will lead to higher wages, he says, and as a result, "the cost of people's time will be going up. That's a trend you can count on into the far future...
...that, TIME's board refuses to proclaim a "new economy" from which recessions have been banished. The Internet and IT may make downturns milder and less frequent, partly by tamping down the wild inventory swings that have intensified past slumps. Computers make it much easier to match orders and deliveries of goods to sales. On the other hand, Sinai senses an enhanced source of instability--the frenzied pace of stock and real estate trading, speeded up by the Internet and intensified by the enthusiasm of investors for Internet stocks, some of which may take many years to justify their current...