Word: multibillions
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While we expand, we also contract. America Inc. has become a term for describing the unending mergers of vast companies--multibillion-dollar mergers, real money today. Oil companies, car companies, food companies, banks; everything comes together. Media companies become telephone companies. Telephone companies become software companies. Book-publishing companies are swallowed whole by companies that make music, movies and magazines. Nothing is wrong with these adhesions in principle, but some "products," like books, suffer. Not long ago, the large book publishers would take on a number of excellent but unprofitable manuscripts as a kind of intellectual duty, pro bono work...
...never a pretty sight when medical ethics collide head-on with the multibillion-dollar business of disease research. Cover your eyes, because that's exactly what's happening this week in Washington, D.C., where the National Institutes of Health is holding a three-day hearing on the white-hot topic of gene therapy research. In the wake of the September death of 18-year-old gene therapy recipient Jesse Gelsinger, the NIH has a clear request for public safety: Open human clinical trials to public scrutiny and report any medical problems or setbacks immediately...
...defeat of the Test-Ban Treaty affects our nation's economy as well as our national security. Without strong international controls on proliferation, to which the treaty can contribute, there will be limited trade in the peaceful uses of nuclear technology. This multibillion-dollar industry has become important to the U.S. in many areas, including energy, medical uses and industrial applications. We need to have the maximum number of U.S. government-supported controls on weapons development. This will increase our security and our level of comfort with the continuing trade in and information exchange on the peaceful uses of nuclear...
...last hit toy the $4.8 billion company incubated without a movie licensing tie-in or an idea purchased from a smaller company. The days when the firm, based in El Segundo, Calif., was capable of organically growing a brand from the roots up, building Barbie or Hot Wheels into multibillion-dollar annual businesses, seem long gone...
Clark went on to found Silicon Graphics, Netscape and Healtheon, creating three multibillion-dollar companies. (So far.) I learned about Veblen--and loads about Clark--in Michael Lewis' new book, The New New Thing: A Silicon Valley Story (Norton; $25.95). It's a superb book and explains how engineers are the greatest creators of wealth in history and why Silicon Valley is the center of the universe (and how Clark came to be the center of the Valley). I tend to dislike most nonfiction, since so many writers approach their work as if they were doing the reader a favor...