Word: marketization
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Dates: during 1990-1999
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Across from the farmers' market in St. Louis, it has been a slow day. A couple of dozen signatures, maybe a mind or two opened. Or closed. The Greenpeacers take down their banners saying STOP FACTORY FARMS! and BAN FACTORY TRAWLERS! The bus eases away from the curb and rumbles toward Lexington...
...that uses one format or another. Back in the days when VCRs were new, you could buy a VHS or a Beta-format machine; neither could read or record on the other's tapes. Those who chose Beta generally regretted it, as vhs took over the market, video companies stopped releasing Beta-format movies, and Beta sets became essentially useless...
HDTV signals come in different types as well--different levels of resolution and different techniques of electronically "painting" images on the screen (the most common are known, for reasons most consumers needn't worry about, as "interlaced" and "progressive"). But all the sets that will be hitting the market in the next few months can decode all the available signals...
...Three--GameDay '99 ($40 from Sony 989 Studios), Madden NFL '99 ($50; EA Sports) and NFL Quarterback Club '99 (due out next month; Acclaim)--are locked in a play-off for market share among gamers who want realistic simulations and fat playbooks. Each game claims that its players are governed by state-of-the-art artificial intelligence that changes according to the play. Each allows you to select camera angles and slow-motion replays. Each features play-by-play analysis. So which of the three should...
...trading can be intoxicating. The commissions are so low and the action so fast-paced that hundreds of thousands of new people each month find themselves hooked into the Internet, trading for $8 a pop, loving the excitement and potentially the rewards. But has online trading turned the stock market into a giant casino that threatens the financial lives of Americans? That's what John Steffens, a Merrill Lynch vice chairman in charge of stock brokerage, contends. He has gone to war against Internet trading in a series of public speeches, chronicled last week in the Wall Street Journal, urging...