Word: high-tech
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...hands on. They do lots of research before giving. They demand accountability and results. Paul Schervisch and John Havens, authors of a Boston College study on giving, cite the $41 trillion that aging baby boomers will be leaving to their heirs and charities as a philanthropic gold rush. The high-tech boom has made more people richer faster than at any other time in history--which means that more of the superrich are thinking about giving away their fortunes at an earlier age. Schervisch and Havens write that "a golden era of philanthropy is dawning...
...tell you, it's hard to keep a stiff upper lip these days. First my high-tech dot-com portfolio plummets. Then it turns out that my beloved cell phone may be zapping my delicate cranium with radioactive waves. And now, to top it all off, the Prozac that keeps me from murdering my coworkers is under attack, this time by recently unemployed talk therapists. It's as if everything that seemed so promising way back in the '90s has suddenly been tainted by doubt...
Think again. A new France is taking shape at the dawn of the 21st century. Like a newborn chick pecking out of its protective shell, the fledgling is only partly visible--a beak here, a claw there--but already it has begun to reveal a dynamic, high-tech nation in which the old state-controlled system will give way to a more decentralized, privatized and entrepreneurial society. Says former Socialist Finance Minister Dominique Strauss-Kahn: "We're becoming a country like any other...
...striking aspect of the French renaissance is the rapid development of the New Economy. France was slower off the mark to embrace the digital revolution than the U.S. and some of its European neighbors, but the number of Internet connections has increased fivefold since 1997, and the financing of high-tech start-ups has tripled in the past year. Says Jacques Attali, a former economic adviser to President Mitterrand: "Two years ago, there was less than $100 million available for start-ups. Now it's nearly $2 billion." Among the new companies that are becoming household names in France...
...Research and development is somewhat of a misnomer in Japan," says Robert Lewis, former associate director of the Tsukuba Research Consortium, a hub of high-tech companies in central Japan. "Most of the money goes to improving an existing product, not to basic research." Even when an inventor comes up with a hot product, the country's strong ethic of subordination of individuals to groups holds sway. Take the case of Aki Komikado, an unassuming sales-and-marketing employee who invented the Tamagotchi digital pet in 1996. The toy craze earned her employer, Bandai, $350 million, but Komikado didn...