Word: high-tech
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...with many American innovations, gelato has swirled out from California. In the past year, several scoopfuls of competing companies have opened retail shops in Beverly Hills, Marina del Rey, Studio City and other communities. Some of the stores, notably the dozen or so high-tech outlets owned by the San Francisco-based Gelato Classico chain, cannot meet the demand. Some, like A1 Gelato in Elmwood Park outside Chicago and the art deco Gelati per Tutti on Hollywood's trendy Melrose Avenue, have become landmarks, packing in the pilgrims as thick as the product. In hundreds of supermarkets, brightly colored...
Louisiana's Dixieland music and crayfish gumbo have drawn millions of tourists over the years, but the state has had far less success in attracting new businesses and jobs. To help it compete with high-tech meccas such as California and Massachusetts, the Louisiana legislature has approved a jazzy venture-capital program. The new law, believed to be the first of its kind in the U.S., will provide income tax credits of up to 35% for individuals or companies investing in venture-capital firms in the Bayou State. Louisiana has long lacked investment money for young, speculative businesses. Much...
...incentive is expected to produce up to $100 million in investments over the next five years. Since the program is aimed specifically at high-tech businesses, the tax break excludes such industries as real estate, banking, oil and gas. Otherwise the state has put few restrictions on the money. Says Governor David Treen: "Other states have placed the decision making in the hands of government, which then tangles the programs in red tape." In Louisiana, it will be up to private investors to pick winners...
Power, Corruption, and Lies does not fall short because it succumbs to the temptation to doodle with the high-tech equipment--a fate that has K.O.'ed "serious" synthers OMD, Yazoo, and Tears for Fears. Rather, the album comes across as a noble, but failed, attempt to recapture and combine the spirit of "Temptation" and the oh-sochic alienation of "Blue Monday...
...science and medicine, fewer than Britain (41), West Germany (14) or France (6), all countries with significantly smaller populations, and much fewer than the U.S. (109). But that is likely to change as Japan increases its government investment in science. It is already a world leader in such high-tech fields as microelectronics, robotics and communications. Less well known...