Word: high-tech
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Russia does not intend to eliminate its armed forces entirely, of course, but it does not know precisely what external dangers it will have to defend against or what it might need for the purpose. Military planners in Moscow say they want to organize a relatively small, fast-moving high-tech force that could react swiftly to security threats along the troubled periphery. The generals expect to bring troop strength down to 1.5 million officers and men sometime after 1993. How soon depends on finding ways to house and employ the hundreds of thousands of professional officers who will...
...hold on. Like a high-tech phoenix, the U.S. semiconductor industry appears to be rising again. Rejuvenated by innovative product lines, protectionist trade policies and state-of-the-art manufacturing, chipmakers are staging a stunning comeback. Such Japanese firms as NEC and Toshiba are still on top, with a 45% share of the $60 billion worldwide chip market. But their grip is slipping, while American companies are closing the gap and may be on the verge of retaking the lead. The U.S. share has surged to 42% this year, up from the 1989 low of 37%. Inspired by the revival...
...forgiven for wondering where to find $100,000 to send a child to a private college for four years. Many are convinced that if they were much richer -- or much poorer -- money would not be a problem. Some view a private- college education as an entitlement, much like unlimited high-tech health care. Such attitudes harden during difficult economic times and a tight job market, when a degree from a top school becomes all the more precious just when it is hardest to afford...
...Minnesota, probation officer found his options limited. Brown, 39, considered mutual funds to be "unexciting." Certificates of deposit? "Get real," he says. "Not with bank rates of 3%." Bonds? "Same problem." The only alternative, he says, was the stock market. He took the plunge, scoring short-term gains in high-tech stocks and banking issues, which lulled him into a sense of security. Now he and other investors are getting a loud wake-up call from the market's bumpy decline in the past few weeks, which has raised fears of a major correction ahead. But Brown is not fleeing...
...must compete where it can--in high-tech, high-skill industries that less developed countries can't touch. That's why Clinton's plan to invest in (or spend more on) education, job retraining, better communications and transportation and so on makes so much sense. Only this sort of plan will make the country competitive for the future...