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Start with what got us here. Businesses overspent to build things like PCs, Internet switches and routers, as well as speedy fiber-optic lines. That spending helped fuel the boom. But once corporate tech budgets tightened, tech stocks plummeted, and so did spending among consumers who held those stocks. Suddenly, those consumers felt much poorer. Typically, cycles work the other way. Robust consumer spending at the height of a boom induces businesses to build more plants at just the wrong moment--when the Federal Reserve is ready to dampen the whole party with higher interest rates to root out inflation...

Author: /time Magazine | Title: Stumped By The Slump | 12/31/2001 | See Source »

BRIGHT LIGHTS Dreading yet another year of hauling out the Christmas lights and replacing all the dead bulbs? New Forever Bright lights by Fiber Optic Designs are made of shatter-resistant light-emitting diodes that the company claims will last up to 20 years and cut energy costs up to 85%, compared with regular incandescent Christmas bulbs. Available in red, yellow and green and selling for about $10 for a string of 100, they might rekindle your holiday spirit...

Author: /time Magazine | Title: In Brief: Dec. 24, 2001 | 12/24/2001 | See Source »

...Every fiber of my being is saying, get out of Afghanistan [THE WAR, Nov. 12]! Hundreds if not thousands of the terrorists who were trained there have gone on to other places. And in other countries the training may be passed on to thousands more who have the same hatred. American money and time should be spent on isolating Afghanistan, supporting countries nearby and mending fences. I am afraid that the U.S. will squander a huge amount of its personnel and financial resources without accomplishing anything but a loss of international support. HEATHER WHITE Palo Alto, Calif...

Author: /time Magazine | Title: Letters: Dec. 3, 2001 | 12/3/2001 | See Source »

...maybe it's just a souped-up skateboard, but the elegant blue-and-black StreetCarver boasts a high-tech suspension system, inspired by BMW's 5 Series sedans, that lets riders tilt their boards sharply into curves without losing their center of balance. The 30-in. fiber-glass-and-plywood deck helps absorb shock, while extra-large wheels, mounted on flexible aluminum axles, provide added stability. Air bags not included...

Author: /time Magazine | Title: Best Inventions: Best Of The Rest | 11/19/2001 | See Source »

While the world waits for Ginger, which may or may not be a hydrogen-powered scooter (see next page), two San Francisco designers have built one of their own--or at least a prototype. The elegant carbon-fiber-and-aluminum Scoot combines a wide, scooped-out footrest with rugged, over-size wheels. Scoot folds in half so that the tires and grimy underside are neatly tucked away. And with a hydrogen fuel-cell engine, you will leave the slackers in the dust...

Author: /time Magazine | Title: Best Inventions: Best Of The Rest | 11/19/2001 | See Source »

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