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...computers and high-tech equipment suck up more power--they now account for close to 10% of all consumption--electricity providers can barely keep up. Summer electricity demand in the U.S. has jumped 23% since 1992, while capacity has risen only 6%, so the industry's emergency-reserve capacity has slipped. With communities fighting new construction, very few major power plants have been built in the past 20 years. Yet by one Energy Department estimate, the country needs 1,000 new plants in the next two decades. As Steve Fleishman, an analyst at Merrill Lynch, notes, "The country underinvested...

Author: /time Magazine | Title: Power's Surge | 7/17/2000 | See Source »

...with Shaq and Kobe to idolize, not to mention all those loud wrestlers, what's the draw of a sport whose heroes are thousands of years old? Modern fencing isn't even as glamorous looking as it was in the movies Zorro and The Three Musketeers, although the high-tech electronic-scoring devices have a certain Nintendo-era appeal. Plus the modern gear makes it a lot safer, and that may be the key for parents. Weapons are covered at the tip, and fencers wear meshed masks and, often, plastic chest plates. The kids seem to enjoy the intricate rules...

Author: /time Magazine | Title: Dueling Darlings | 7/17/2000 | See Source »

...money, SoftBook has hit the sweet spot in terms of size, weight and color. Now what high-tech bibliophiles need is for SoftBook and Microsoft to get their acts together. Perhaps a few versions down the road, someone will chip in with an olfactory circuit that gives e-books a new-book smell, at which point my old paper-and-glue devices won't stand a chance. Maybe I better clear some space in the garage, next to the cassettes and videotapes...

Author: /time Magazine | Title: Unmaking Book | 7/17/2000 | See Source »

...countries would seem less likely to succeed in the modern world of globalization, free trade and high-tech, speed-of-light capitalism than France. Widely caricatured as the home of the five-week vacation, the 35-hour workweek and the crippling public-sector strike, this overcentralized, overtaxed, state-heavy, tradition-bound, protectionist and perversely self-satisfied nation could not possibly survive in the competitive, market-driven international arena of today. Could...

Author: /time Magazine | Title: The French Are On A Roll | 7/17/2000 | See Source »

...policies they believe will keep Americans employed and the nation prosperous, they could just as well be running on the same ticket. Both candidates generally embrace free trade, endorse a balanced budget and agree that a first-class education system is a critical federal priority in a high-tech Information Age. Both lobbied for the controversial China trade deal that has passed the House and is now before the Senate. The consequence of this new consensus is a dramatically changed American political scene in which some century-old economic debates appear to be settled...

Author: /time Magazine | Title: Announcing a New Mega-Merger: Bush-Gore Inc. | 6/28/2000 | See Source »

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