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...fact, the growth of the Internet parallels another transformative mass medium: Television. Consider this: The web is ten years old and sixty-three percent of American homes have computers with Internet access. According to the Consumer Electronics association, television took eight years, from 1947 until 1955, to reach 63% of households. But then it took 30 or more years to reach 98% penetration...

Author: /time Magazine | Title: The Internet Didn't Fail. Wall Street Failed the Internet | 8/3/2001 | See Source »

...playing the stock market with this. The concept is to do exactly what is done for me in the federal employees' retirement plan. The only thing I have to do is check one of three boxes: whether I want to put my investments in a high-risk, medium-risk or low-risk account. That's the only decision I make...

Author: /time Magazine | Title: INTERVIEW: JOHN BREAUX, Point Man on Aging | 7/23/2001 | See Source »

...only love watching it; they love to chat about it: the Super Bowl. That insight enabled Internet marketer Rishad Tobaccowala, 42, to put some fizz back into the sales of struggling Miller beer and devise a new approach to online advertising--a sales medium that has otherwise proved spectacularly disappointing...

Author: /time Magazine | Title: Marketing: Converting Web Surfers To Buyers: ONLINE PROMOTION | 7/23/2001 | See Source »

...Thanks to the profiteering of the big investment banks, Asian governments are at once paying heavily to borrow medium- to long-term in dollars while getting poor short returns from their own dollar assets. Why not borrow in the local currency? New Zealand, whose 30-year currency track record is far worse than Thailand, has been doing it for years...

Author: /time Magazine | Title: This Time Around, Asia's Got to Help Itself | 7/23/2001 | See Source »

...managers, corporate raiders or acquisitive foreign companies to gain power within Italian firms. For decades, Mediobanca has been very much the senior partner in this arrangement. The bank was founded in 1946 as an offshoot of Banca Commerciale Italiana, one of the grandes dames of Italian finance, to provide medium-term credit to industry during postwar reconstruction. Mediobanca steadily built relation- ships and acquired shares, winning seats in the county's top boardrooms. By the 1980s, it was said that practically any deal in Italy needed the blessing of the bank's politically savvy chairman, Enrico Cuccia. A so-called...

Author: /time Magazine | Title: The End of The Affair | 7/23/2001 | See Source »

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