Word: marketization
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Dates: during 1990-1999
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...home truth that's easily forgotten in the Y2K-inspired pessimism over the prospect of malfunctioning modems, randomly strobing traffic lights and zero-balance money-market accounts is that one person's darkest nightmare is quite often another's dream come true. In rural Montana, where, it seems fair to speculate, more people know how to gather firewood than download a video image from the Web, the prospect of a massive high-tech meltdown is not only nothing to panic over but also, for a lot of folks, something to be welcomed...
Amazon.com the money-losing online book-seller whose market value now greatly exceeds that of Sears, may be the most outrageous example of Internet speculation. But it has plenty of company inside the bubble. Online auctioneer eBay, trading publicly only since September, is up tenfold and is now six times as big as venerable bricks-and-mortar auction house Sotheby's. Without question, Internet stocks are the hottest things since biotechnology shares soared in 1991 (and crashed in 1992), and may be the hottest things since the Dutch tulip-bulb craze in the 1600s...
...best part of Clinton's plan may be the respite grants, which will help 250,000 families take a much needed break. The rest of the package is based on the wan hope that the market will somehow correct itself; the bill tries to nudge it that way. Over 60% of Medicare users believe their program covers long-term care, a fallacy that leaves them unprepared for protracted illness. Medicaid, the state and federal health program for the poor, does cover long-term care, and those without insurance often end up in its arms--after care costs have gutted their...
...what should Clinton have proposed? Even his critics have no concrete plans of their own. Some make vague suggestions about stock market-based fixes. A few states are offering tax breaks as incentives to purchase insurance. But no proposal looks like a national panacea. Other experts suggest raising the Medicaid income eligibility level but can't say how to pay the huge bill. The best chance for a fix may come as 76 million baby boomers retire over the next 30 years--what Clinton calls the "senior boom." That generation could change the face of America again, forcing reform...
Well, some of us do, anyway. Nearly two decades after the original Macintosh all but invented the home-computer market, Apple finally has another hit. The product is the new iMac, and the five refreshing "flavors" announced by Jobs at last week's MacWorld show in San Francisco are blueberry, grape, lime, strawberry and tangerine...