Word: economists
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Dates: during 1990-1999
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...course, a conservative economist would reply in trickle-down jargon. New businesses, higher productivity and the like are the cures for the kinks in the system Sen so repetitively pledges allegiance to. I hope I am not the first to inform Sen that in reality trickle-down provides just that: a trickle. The unfathomable abundance of wealth the upper class and the educated "elite" monger through the noble pursuit of investment banking is directly proportional to the meager scraps for the rest of us at the bottom. WILLIAM F. AUSTIN...
...parade of Microsoft's victims have hurt the company, at least in the eyes of the press. But the case's central tenet--that Microsoft illegally leveraged its operating-systems monopoly--still stands, whatever AOL does with Netscape. Even before the $4.2 billion buyout was announced, government economist Frederick Warren-Boulton was framing it as more evidence of Microsoft's strong-arming. "Netscape has been forced to the wall," he said. "That's an unfortunate outcome of what Microsoft has been doing." Touche...
...fair to Boies et al, the DOJ still has plenty of juicy material to feed on. Its latest witness, economist Frederick Warren-Boulton, brought out one tasty tidbit Tuesday: Microsoft, he said, had an "astonishing" 38.5 percent profit margin -- more than any other high-tech firm in the Fortune 500. How, then, can this company claim that it doesn't derive benefits from its monopoly position? After all, there's one thing the AOL deal hasn't changed: 89 percent of those Netscape browsers are going to be viewed on a Microsoft-operated machine. Windows, too, is a beast that...
...Tell that to Frederick Warren-Boulton, a leading economist and current Justice Department witness. Warren-Boulton offered what may well become the feds' counter-spin: That Microsoft's exclusive contracts and illegal monopoly leverage drove its bruised browser rivals into the arms of AOL. Meanwhile, a more cultural argument was being made on bulletin boards across the Internet -- that the mainstream will always appropriate successful companies that operate on the fringe. "The battle is over," wrote one AOL-phile. "AOL wins...
...interesting thing for the economist is to see how powerful a seemingly small incentive can be," he adds...