Word: households
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...every American home had a car in 1920, a phone in 1930, and a TV in 1960, the PC is the household appliance of the last 20 years. Most households have one PC. Some have two or three depending on how many children are in the house. The cycle of upgrading PCs has been fairly steady. It has been driven by more powerful processors from companies like Intel (INTC), new operating systems from Microsoft (MSFT), and broadband which gives the PC owner access to a universe that did not exist a decade...
What happened to the PC? It has turned out to be too much like a car. Once a household has two or three of something, no matter how useful it is, sales of that item are going to slow down. The PC is no exception. IBM (IBM) brought its PC to market in 1981 and launched the age of personal computing. The first machine went for $1,565, so for all the processing power that new machines have, pricing has not changed much...
Online citizens may be more plentiful in East Asia, but even there paper rules. In Japan, the average household still subscribes to more than one newspaper. In fact, the Japanese are the world's most avid newspaper readers, despite a dip in circulation over the past couple of years. "One would be hard-pressed to find another country in the world where newspaper companies are publishing several million issues a day," says Yoichi Funabashi, editor in chief of the Asahi Shimbun, the world's second largest daily (after its rival the Yomiuri Shimbun) with more than 8 million subscribers. Nonetheless...
...likely that shifts in household and corporate investment patterns will produce even greater demand - which is why U.S. 10-year notes remain attractive, not for their paltry yield but for their capital-gain potential. The next bull market will be concentrated in government paper - even as confidence in government itself erodes...
...Born in 1943 in the Yazd province of central Iran. As the son of a revered Ayatollah, Khatami grew up in a strictly religious household. He has achieved the third-highest level of Islamic clerical rank...