Word: dotcom
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Dates: during 2000-2009
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Indeed, Japan and the Internet have gone together like sushi and ketchup. It's still surprising that tech-savvy, gadget-happy Japan sat on the sidelines during the boisterous dotcom boom. (Remember that?) Even today, in Japan, the world's second largest economy, only 625,000 homes have high-speed Internet access, out of a population of 126 million people. PCs never caught on, in part because the first models were ugly and bulky and used keyboards the Japanese aren't comfortable with. "We're keypad people," says DoCoMo's president, Keiji Tachikawa...
...that cannot be solved on the Internet. Which is how I ended up at eDiets.com the Web's most popular diet-and-exercise program. Since it charges $10 a month (plus a $15 sign-up fee), eDiets' own bottom line is quite healthy. Here's a three-year-old dotcom that is not only still in business but also turning an annual profit of $640 million. It does so in part by being shamelessly overzealous: as a recent Tufts University review pointed out, even if you tell eDiets you are 15 lbs. underweight, it will recommend you join immediately...
...Turkish journalist Mahir, All Your Base spread from office to office via e-mail like a benign virus. As a slide show rather than bandwidth-hogging video, it takes seconds to load (on such websites as thefever.com/AYB2.swf) Much of the spreading was being done last week by dotcom workers in San Francisco and the Silicon Valley, where good laughs are in short supply these days. But the inside joke may not be inside much longer: All Your Base T shirts are now being sold online...
...dotcom boss looking for high-tech computer software...
...Europe's turn to run the world? The prevailing mood at this year's World Economic Forum meeting in Davos was that the U.S., once the home of irrational exuberance and dotcom mania, is just so 20th century. Yet the five members of TIME's Board of Economists, which convened in the Swiss ski resort, were less than unanimous. No one disputed that the U.S. economy is slowing and could even grind toward a recession, though most agreed that a recovery would come by late this year. The hottest debate was over Europe's ability to isolate itself from...