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Right now there are more large-cap companies outside the index than at any other time in history, because of investors' massive reweighting toward technology companies. Among those we consider potential admittees are JDS Uniphase, a $42 billion fiber optics company; online retailing colossus Amazon, with $36 billion in market cap; and Veritas Software, no Microsoft but certainly no slouch, with $28 billion in stock-market value. We wonder whether CMGI ($23 billion) or Internet Capital Group ($28 billion) can be kept out for long. Or how about Broadcom, or just created Red Hat, Sycamore, Juniper and Akamai, all with...

Author: /time Magazine | Title: The Index Game | 12/20/1999 | See Source »

...Havana. Donohue paid Castro a visit last July, the first ever by a U.S. Chamber of Commerce chief. Other high-profile delegations--including one led by Illinois' Republican Governor George Ryan in October--descended on Havana soon after, scoping the possibilities of selling everything from long-grain rice to fiber-optic cable. "[The Cubans] need everything in the world--technology, farms, hospitals," says Ryan. "Illinois would be in a prime position to help them." In a key step toward that goal, Missouri's Republican Senator John Ashcroft, prodded by U.S. farmers desperate for new global markets, introduced a bill this...

Author: /time Magazine | Title: Cuba's New Look | 12/6/1999 | See Source »

...REACTION All kinds of fiber can help prevent colon cancer, but now a preliminary report on pigs suggests that one type--wheat bran--may do an especially good job. Researchers fattened up some 20 hogs on a typical American diet--feed containing the same nutrients found in burgers, fries and other fatty Happy Meal fare. The pigs were also given fiber from potatoes and corn, but some got an extra sprinkle of wheat. These were the lucky pigs. In the lower part of their bowel (where most tumors occur), the pigs had more butyrate, a substance that prevents early cellular...

Author: /time Magazine | Title: Your Health: Nov. 29, 1999 | 11/29/1999 | See Source »

...ISSUE] Internet service providers such as America Online want the government to force cable companies to give them access to new high-speed fiber-optic lines...

Author: /time Magazine | Title: Campaign Finance: The Buyer's Guide to Congress | 11/8/1999 | See Source »

...convert them into harmless by-products. Soon we may be using genetic engineering to create what Reid Lifset, editor of the Journal of Industrial Ecology, calls "designer waste streams." Consider all that stalk, or stover, that every corn plant grows along with its kernels. Scientists at Monsanto and Heartland Fiber are working toward engineering corn plants with the kind of fiber content that paper companies would find attractive. So long as the genetic tinkering poses no ecological threat, that approach could tap into a huge stream of agricultural waste, turning some of it into an industrial ingredient...

Author: /time Magazine | Title: Can We Make Garbage Disappear? | 11/8/1999 | See Source »

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