Word: manhattanization
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Dates: during 1990-1999
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...energy is released. In 1939, with World War II looming, a group of scientists who realized the implications of this persuaded Einstein to overcome his pacifist scruples and write a letter to President Roosevelt urging the U.S. to start a program of nuclear research. This led to the Manhattan Project and the atom bomb that exploded over Hiroshima in 1945. Some people blame the atom bomb on Einstein because he discovered the relation between mass and energy. But that's like blaming Newton for the gravity that causes airplanes to crash. Einstein took no part in the Manhattan Project...
...they make this device illuminate the world? For this they would need a host of devices, including generators, motors, junction boxes, safety fuses and underground conductors, many of which did not exist. Amazingly, only three years later Edison opened the first commercial electric station on Pearl Street in lower Manhattan; it served roughly 85 customers with 400 lamps and pioneered the inexorable process of turning night into...
...assured the price isn't too high because they get to choose the lowest one being offered by any seller in the world. Location becomes unimportant. You're not penalized for being a seller stuck in low-traffic, low-price Bismarck or a buyer shopping in high-cost Manhattan. Auctions also minimize transaction costs ("friction" in e-commerce-speak) and eliminate the need to operate bricks-and-mortar stores. Online auctions "wring out the inefficiencies in the supply-chain process," says FairMarket CEO Scott Randall. They also benefit from Metcalfe's Law (named after Robert Metcalfe, the founder of 3Com...
...every webhead is working against the established grocers. Priceline.com the site that lets you name your price for airline tickets, is doing the same for groceries in Manhattan and Philadelphia; it expects to go national by next May. The catch: you still have to push a squeaky wheel around terrazzo flooring and pick up the items yourself. Savings kick in only at the register...
...bleak afternoon last week, in a dim little TV studio in lower Manhattan, Firing Line finally ran out of ammunition. Hosted for 33 years by the conservative intellectual William F. Buckley Jr., the show taped its final installment, which will air on PBS stations the week of Dec. 26. Blue and white balloons had been set out to leaven the gloom, as had a panel of younger pundits, including Michael Kinsley and William Kristol. Their conversation was unhurried and intelligent, as it always is on Firing Line. Watching it all, you couldn't help thinking that something more than...