Word: high-tech
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Just a short stroll from Robb's home lies an oak-rimmed pasture, where the Grand Wizard hopes to fulfill his grandiose vision of the future. Shortly after Duke lost his bid to become Governor of Louisiana last year, Robb drew national attention to his idea for building a high-tech propaganda mill, complete with training on how to appear on television, history lessons and political instruction, even a drum-and-bagpipe corps. It would become an assembly line cranking out articulate, blow-dried Duke clones. "They always have these pictures of people in the Klan, flies buzzing around...
Many economic observers and politicians fuel these beliefs by charging that foreigners invest in American companies--particularly high-tech, high-profit companies--and then ship either the jobs or the technology overseas, depending on how devious they are. Most of the jobs apparently come from bread-and-butter industries like auto-building. Most of the technology apparently comes from the electronics or weapons industry...
...first time ever, the Commerce department broke down the foreign investments by specific industry. The figures indicate clearly that foreign investors do not specifically target high-tech American firms. Levels of foreign investment in these firms were relatively high, but the levels were also high in some low-tech, mundane industries...
That kind of talk worries officials at the New York Stock Exchange; trading technology is advancing so rapidly that the Big Board could be bypassed by such new high-tech systems as the Arizona Stock Exchange, the NASDAQ and now Globex. The N.Y.S.E. petitioned the Securities and Exchange Commission to slow down, if not unplug, some of the networks. Says William Donaldson, chairman of the N.Y.S.E.: "To our competitors, we're the big monster; and it's fun to zap the monster...
...result, the SVR'S foreign tentacles are probing in many places. Earlier this year, Italian authorities rounded up 28 high-tech spies in what former President Francesco Cossiga called the largest Soviet network ever uncovered in Europe. Since the espionage arrests in Belgium, the Dutch government has expelled four Russians engaged in covert activity, while France, acting on a tip from the CIA, has uncovered five apparently unwitting accomplices to the Russian ring that operated out of Brussels...