Word: dollars
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Dates: during 2000-2009
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When 21-year-old Web entrepreneur Alex Tew received a $50,000 ransom demand last month, he remembers thinking, "There's no way on earth I'm paying these guys." Hackers had kidnapped Tew's Million Dollar Homepage, an advertising website, crippling it with a flood of data. Thousands of dollars, six days and two security teams later, the site was back up. "I can understand why gambling sites that accept thousands of dollars a day could choose to pay and be done with it," Tew says, "but I made a point of standing firm...
...strategy paid off in an avalanche of astonishing and profitable technologies as well, from computer chips to fiber-optic cables to lasers to gene splicing and more. According to a 2003 National Academies report, no fewer than 19 multibillion-dollar industries resulted from fundamental research in information technology alone. Yet, says David Patterson, president of the Association for Computing Machinery, "people have this idea of academic research as this fuzzy, ivory-tower stuff that probably doesn...
...some validity to this global warming idea. From small efforts to build ethanol and biodiesel vehicles to completely altering America’s fleet of 200 million automobiles to run on hydrogen, curbing global warming will take dramatic action, not just dramatic rhetoric. A first step is a dollar tax on gasoline, an approach that has been derided by corporate America. Tonight, I can no longer allow the destruction of our world to go unchecked in the interest of ExxonMobil’s $36 billion annual profit...
...It’s cheap,” Paul Birkner, 17, said simply, grinning as he sorted through a bin of clothes marked: “T-shirts: $1, Sweats: $2.” Located at the back of the store on the first floor is Dollar-a-Pound, where customers wade through mountains of clothes and accessories, picking and choosing merchandise to stuff into huge plastic bags that are sold by weight. (Although, contrary to its name, articles are actually sold for $1.50 a pound.) Whether it is because of its selection or its prices, the funky vintage store...
...Senator Charles Schumer. Most worried of all is Stephen S. Roach, chief economist at U.S. investment bank Morgan Stanley who for several years has warned that the U.S.'s borrowing and consumption binge will come to a bad end, including a likely fall in the value of the dollar. The problems haven't gone away even if the dollar remains buoyant, he said, warning of a "dangerous degree of complacency" among investors. "The weakest link in the global growth chain in 2006 is the most important link, and that is the American consumer," Roach cautioned. If the economy does continue...