Word: chips
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...Many Lawyers Are Too Many? By A.B.A. reckoning, there are now almost 800,000 licensed lawyers in the U.S., 1 for every 300 Americans. Even amid the well-publicized contraction of blue-chip firms, the fruits of the law remain abundant -- across the U.S., partners earn an average of $168,000 annually, with incomes up to $1 million not unusual in places like Manhattan. Small wonder 94,000 college graduates applied for admission to law school this year...
...alliance scorns another powerful company, Intel, which has supplied the microprocessors for IBM's machines and has commanded an almost monopoly position as a maker of IBM-compatible chips. Possibly to foster more competition, the new partnership says it will buy advanced processors from Illinois-based Motorola, whose chip business has been suffering lately because some of its big customers, including Unisys, have been in decline. IBM has been busy lining up other partnerships as well. Only a day after announcing its deal with Apple, IBM said it would join forces with Germany's Siemens A.G. to produce a powerful...
...business community has an even greater variety of nonbank choices to meets its financing needs. Blue-chip companies now turn elsewhere to borrow most of their money. Firms can raise short-term cash at lower rates by selling commercial paper; for longer-term money, they can issue bonds. Even small and medium-size firms, a vital source of business for banks, have many borrowing sources. The financing arms of General Electric, General Motors and Ford, which offer loans to businesses, are among the 10 largest financial institutions...
...levy has been labeled the Robin Hood tax by one economist because it helps transfer money from the rich to the poor. Not everyone sees it that way, however. A rare chorus of blue-chip retailers and blue-collar workers denounces it as a disaster tax. At issue is the six-month-old "luxury tax" that Congress adopted last year as part of a comprehensive deficit-reduction plan. The new 10% excise tax was tacked onto such goods as pleasure boats, private airplanes, jewelry and fur. While the tax bite is not particularly severe -- a minuscule $25 million is expected...
...going to be an easy sell. In theory, the more powerful computer chip at the heart of Super NES can generate games with richer colors, clearer sound, faster action and more sophisticated play. A 16-bit chip, for example, can create 32,768 colors, compared with 52 for an 8-bit chip. But it's going to be hard to see those improvements on the fuzzy family TVs most Nintendo sets are plugged into. And because the original Nintendo -- and a portable successor called Game Boy -- uses different chips, the old games won't work in the new machine, rendering...