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...charitable. According to Fortune.com, Microsoft's megaboss just plunked down $3.3 billion for the benefit of two charitable foundations, whose names (if not functions) you may recognize: the William H. Gates Foundation and the Gates Learning Foundation. The former supports world health and human services programs, while the latter helps libraries in poor neighborhoods obtain software and computer services. TIME magazine Wall Street columnist Daniel Kadlec says that this is believed to be "the largest charitable donation by any individual. The donations are a testament not only to Microsoft's huge success, but also to the incredible wealth that...
Investors buy prospects, and the prospects are for a year of record earnings at Intel and another year of monster growth at Yahoo. But the volatility in tech and the Net in particular has increased dramatically, to the point where only thrill seekers can bank solely on the latter. At one point last week, with Yahoo up 90 points, to 443, I let go some stock, and was happy to buy it back some 100 points lower a day later, when, despite reporting blowout earnings, it had fallen with the rest of the Net stocks...
Wheeler calls the phenomenon an "embarrassment of riches." He also points out the difference between basketball and an industry with international competitors. In the latter case, market pressures would have forced the warring sides to patch things up sooner...
...premature prophets of doom. One of America's largest millennial movements was led by William Miller, a 19th century farmer. On Oct. 22, 1844, many of his 50,000 followers took to the hilltops, waiting in vain for the appearance of Christ and an army of angels. By the latter half of that century, two end-time views had become dominant among Protestant groups. "Pre-millennialism" imagined Christ appearing on earth during the reign of the Antichrist. "Post-millennialism" taught that Christ would return only after Christians had first established their own thousand-year reign of righteousness. And a more...
...says, taking time out from a hectic day spent filling Internet orders for dried blueberries and other chaos-resistant delicacies. "Civilizations rise to the level of their incompetence," he goes on, "but personally I really believe there will be a new Golden Age afterward." In the spirit of other latter-day Candides who see the Y2K bug as a liberator, smashing the shackles of bad credit histories, staggering MasterCard bills and decades-old criminal records (and putting these folks on an equal financial footing with newly impoverished corporate CEOs), Rudy looks forward to next January as a "declaration of independence...