Word: optically
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...globalization. U.S. capability was built to listen in on the Soviets, a lumbering nation-state that had to rely on its own communication technology. Bin Laden, on the other hand, is able to take advantage of the best the global communications industry can offer. "Cell phones, encryption, fiber optic communications, digital communication. Those are all available to people who would do harm to the United States of America," Hayden told "60 Minutes." He urged Congress to spend a lot more money on upgrading the U.S. electronic intelligence capability...
...about 12:30 p.m., a heavily armed SWAT team clad in bulletproof gear and helmets entered the building with shields, special entry gear, a battering ram and fiber-optic equipment, which the police used to peak under doors in the hotel. The Boston Police Bomb Squad arrived shortly after 1 p.m., and four Boston ambulances waited outside with lights flashing, including a special tactical response unit with EMTs in bulletproof vests and helmets...
This year is different. After a brief burst of optimism in May, when stocks rallied for a short time and the Dow reached heights not seen since last fall, the U.S. has heard little but bad news. Last month telecom and fiber-optic giant Nortel (O.K., we know, it's really a Canadian company) announced an eye-popping loss of $19.2 billion for the quarter. Since then, profit warnings have come thick and fast, and commentators have started worrying that the Fed's six rate cuts this year (continued when the Open Market Committee lowered short-term rates...
...would be easy to give up on technology stocks. They're stumbling again, as the likes of Lucent and Nortel pile on bad news. Everyone knows about the glut of cell phones, PCs, chips and fiber-optic line gathering dust. Earnings stink across the board, and stock-market gurus predict we're headed for a demoralizing test of the April lows. In short, gloom is as plentiful as the routers and switches Cisco can't sell. So a lot of investors are hedging their allegiance to technology--and rightfully so. If you want easy odds, take the Lakers to threepeat...
...family, which bought it in 1933, has in the past 20 years spent about $50 million on renovations. Last year the family completed the largest addition since the hotel opened, including a Millennium Wing with 42 new rooms and an expanded dining room, more elevators and first-time fiber-optic phone lines. This season the hotel will also offer more packages than it ever has--15 in all, including Somewhere in Time, named for the romantic movie filmed in 1979 at the Grand, which attracts more than 650 guests each summer...