Word: drams
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What do computer memory chips, soybeans and pork bellies have in common? All are considered commodities, since their prices float freely, based on supply and demand. With that in mind, the Pacific Stock Exchange of San Francisco announced plans last week to create a futures market for DRAM (dynamic random- access memory) chips, the tiny silicon storage units found in products ranging from computers to toasters. Prices in the $6 billion DRAM market have seesawed sharply over the past few years, swinging from $3 to $30 a chip, depending on type and availability...
...chip futures market would allow manufacturers to buy or sell contracts for DRAM-chip delivery several months down the line, locking in a guaranteed price. Yet skeptics point out that microchips vary much more widely in quality and type than bushels of corn and that buyers who purchase their chips on the market rather than directly from suppliers will have far less influence over the manufacturing process...
...Chirico's more debatable pseudoclassical work from the '20s -- this is now de rigueur, thanks to its popularity among postmodernists, who see it as a daring and prophetic form of backwardness -- as well as the paintings of his hardly less talented brother, the painter-composer-dram atist who worked under the name of Alberto Savinio and turned the late scheme of metaphysical painting into an even wilder pastiche than it had already become...
...December the Commerce Department initiated a complaint charging that Japanese semiconductor manufacturers were selling products in the U.S. market at prices below the cost of production, a practice known as dumping. That triggered an investigation by the International Trade Commission to determine whether U.S. makers of the 256K DRAM chips commonly used in computers and other electronic equipment had been injured by imports. In a preliminary ruling last week, the ITC found that they had. The Commerce ; Department will now determine whether dumping has occurred. If it has, the department will calculate the dumping margin, which is the difference between...
...walking in a bicycle lane. A year later she said, "We've kicked a few pebbles, we'll turn a few stones, and eventually we'll start an avalanche." In these postavalanche days, MADD is getting just about all the laws it wants. A total of 37 states have "dram shop" laws or legal precedents holding servers of alcohol responsible for the acts of drunks. Happy hours, banned or restricted in 15 states so far, seem to be on the way out everywhere. And all states must raise their minimum drinking age to 21 by 1987 or risk losing federal...