Word: high-tech
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...begun talking up corn ethanol and clean diesel and has endorsed a $4,000 tax credit for purchases of hybrid cars. That has not gone unnoticed by energy's new coalition of convenience, even if the President hasn't yet mentioned plug-in hybrids or bioethanol. "We drive to high-tech jobs today in cars built with 100-year-old technology, using 100 million-year-old fuel," says Podesta. "We can do better than that." Maybe 500 m.p.g. isn't so crazy after all. --With reporting by Marc Hequet/ St. Paul, Kristin Kloberdanz/Hopkinsville and Jeffrey Ressner/ Los Angeles
...state pension fund is worried enough to have begun unloading some of its real estate holdings. Phyllis Rockower, who started the Real Estate Investor's Club of Los Angeles in 1996, is worried too. Membership in her club has soared. "Most people who come to my meetings sold their high-tech stocks after 2000," she says. "We had to move to a bigger room. It's either a sign of the times or a market top." What's her bet? Rockower has six houses on the market--nearly every investment property she owns...
...Australians inserted a patrol undetected to monitor the escape route. From more than 1200 meters away, high on a mountain, the patrol spotted a group of al-Qaeda figures dressed in Russian camouflage and wearing black balaclavas. They carried high-tech weapons, and appeared to be guarding a white-robed older man with a cane as they fled the battlefield...
...million cell phones in six months in markets including China, India and Turkey. "You've got nearly 2 billion people who will be buying a phone - need a phone - over the next five to 10 years," says Allen Burnes, Motorola vice president of high-growth markets. "This is the huge growth opportunity." High-tech companies are pushing into previously unexplored markets because most people who can easily afford computers and cell phones already own them. "The biggest problem facing global companies is the capacity for organic growth," he says. "At the same time, there are 4 billion people...
Satellite radio never fades, which is why I subscribed to the service in the first place and why I'll maintain my subscription despite the fact that it often makes me feel as though America were a high-tech hologram and I were a futuristic ghost. This feeling struck me acutely during a yawn-inducing 10-hour drive from Montana to Colorado via Wyoming. Except in feeble, quivering bursts, normal radio signals can't conquer that barrenness, but thanks to some wonderful gizmo in outer space, I was able to stay in touch with the most minute developments...