Word: network
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Dates: during 1990-1999
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...Calif., last February seemed familiar enough. Inside, two pro-business think tanks, the Brookings Institution and the World Affairs Council of Northern California, treated the Silicon Valley elite to chicken with mango sauce and a speech by a distinguished guest. Outside, environmental activists from the Sierra Club, Rainforest Action Network and the Green Party chanted their disapproval...
...prayer clubs bloomed spontaneously on a thousand high school campuses. Fast on their heels came adult organizations dedicated to encouraging more. Proffitt's Tennessee-based organization, First Priority, founded in 1995, coordinates interchurch groups in 162 cities working with clubs in 3,000 schools. The San Diego-based National Network of Youth Ministries has launched "Challenge 2000," which pledges to bring the Christian gospel "to every kid on every secondary campus in every community in our nation by the year 2000." It also promotes a phenomenon called "See You at the Pole," encouraging Christian students countrywide to gather around their...
...some moment-of-silence policies, civil libertarians say they have struck down laws featuring pro-prayer supporting language of the sort they discern in Alabama's bill. In the eyes of many church-club planters, such fracases amount to wasted effort. Says Doug Clark, field director of the National Network of Youth Ministries: "Our energy is being poured into what kids can do voluntarily and on their own. That seems to us to be where God is working...
...idea was to take all investments--from insurance policies to vacation loans--and break them into tiny packages of risk that could be put into a computer and auctioned on a global network. Different investors, looking to buy different kinds of returns for their money at different times, would step up and buy the various chunks of risk. Because these risk bundles were derived from the underlying investments, they were called derivatives. To explain this new world, Sanford embraced what has come to be known as the theory of particle finance. Just like quantum physics, which involves looking deep inside...
...fact, the China Syndrome aspect of all this interconnected finance is among its most worrisome features. What if the whole nterconnected computer network crashes? (Hell, what if just your part does?) What if a hacker breaks in at the wrong place? What if the bank "blows up," as Barings PLC did in 1995 after 28-year-old Nicholas Leeson bet the house and lost? Industry insiders--the folks who have designed the systems--argue that the infrastructure they have built is secure enough to survive any tampering and that the markets themselves will factor in the risks of rogue...