Word: exported
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Growing up at Mama Baldacci's restaurant in Bangor, son John learned a thing or two about business and Italian cooking--and in politics he uses both. As a member of the Small Business Subcommittee, he drafted a bill to help businesses that want to export goods and services, and he has financed part of his campaign with $2-a-head spaghetti dinners. Baldacci has strong support with local moderates despite being the first Democrat in this seat in more than 20 years...
QUOTE OF NOTE: "It is my strong belief that small businesses will benefit from increased trade...Promoting export is one of the best means to that...
...vocal group of cryptoextremists who call themselves cypherpunks, say they need: encryption powerful enough to give back to the citizenry the right to absolute privacy, which we have lost in the information age. According to the cypherpunks, the so-called 56-bit code the Administration has okayed for export can be cracked by the National Security Agency's supercomputers in a matter of hours...
...rich source of campaign contributions, due to his hard-line views on encryption," says TIME's Joshua Quittner. "Clearly a compromise was hammered out. The software industry is too big a part of the international economy for Clinton to ignore its concerns." The White House's plan allows the export of software which encrypts data using codes up to 56 bits long, which are much harder to break than the 40 bit codes which are currently exported. The move cools but does not end a longstanding battle pitting computer industry and privacy advocates pushing for a law allowing the international...
...attraction for corporations is lower cost. The attraction for employees is one-stop shopping for everything from address changes to changing their pension contributions. The attraction for Fidelity is a very profitable business and the opportunity to develop a vast base of customers. Lastly, the company wants to export the whole works to countries such as Japan, where mutual funds and pension plans are decades behind those...