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During his long career with Intel, the world's largest semiconductor company, Paul Otellini has had a catbird-seat view of the remarkable social and business changes wrought by the information technology revolution. Now Intel's CEO, he has also witnessed some of the tech industry's biggest setbacks, such as the implosion of the dotcom bubble in 2000 that plunged the U.S. into recession. In an recent interview with TIME senior editor Jim Erickson, Otellini discussed some of the differences between the dotcom bust and the current global financial crisis - and whether technology's Next Big Thing can help...
...Well, not so much China. China is already the second-largest computer market in the world, it hardly needs an accelerator. China actually buys a richer mix of products than the U.S. now. When you go to Beijing or Shanghai, it's not very different from Hong Kong or New York. People have the same aspirations and levels of disposable income - and you might have a higher degree of interest in computers in general because of the age of the population...
...fundamentals of the economy are strong.' JOHN MCCAIN, speaking on Sept. 15, just hours before Lehman Brothers filed for the largest bankruptcy in U.S. history...
...Latinos who are changing Little Havana's politics. A half-century after Fidel Castro took power in Cuba, younger and more moderate Cuban-Americans are coming to the fore in Miami - and their votes could be critical to whether or not Obama upsets McCain in Florida, the nation's largest swing state. One of the young volunteers waiting to transport elderly Obama voters is Hector Martinez, 21, a film major at Miami-Dade College who feels an uncanny bond with Obama...
...with a bent back made his way down the sidewalk with the help of a walnut cane. He was carrying a heavy metal folding chair, which had helped him through his two-hour wait to vote at St. James United Methodist Church, one of the city's largest "Freedom Ward" polling places. He wore a kufi of African mudcloth design and a watch chain dangled from his trouser pocket. He had a hike of a mile and a half still ahead of him. "People walk further than that to vote in other countries - Americans are too soft," said Harry...