Word: opticals
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...acre Dhirubhai Ambani Knowledge City on the outskirts of Bombay is a showcase for India's high-tech sector. There, some 8,000 employees of Reliance Group, the country's largest private conglomerate, operate call centers, monitor the company's fiber-optic network and update data services provided to cell-phone subscribers. Many would not associate the gleaming campus with Reliance, which blossomed under legendary founder Dhirubhai Ambani in traditional industries such as textiles and petrochemicals. But Knowledge City is evidence that a new generation of Ambanis is reinventing India's most powerful business enterprise...
...operate a call center if what you really do, your core competence, is run a credit-card business? So credit-card companies hired independent call centers to take over the phones, and that industry put down roots in places like Omaha, Neb., which early on had a fiber-optic hub. But as the price of information technology fell and the Internet exploded, capacity began popping up around the world. Which meant that all you needed to run a call center, or a customer-service center, was information technology (IT) and employees who spoke English. Hello, India...
...their crop to the heatwave. A 1.8-m Norway spruce, the most popular variety, will cost at least $25. But if those garden-centre specimens are a little too spindly for your taste, there's always the fake fir option. A 1.8-m "decorated silver and gold fibre optic tree" will set you back $85 at U.K. retailer Argos...
Money-losing firms in the S&P are once again outperforming their moneymaking peers, up 65% vs. 26% so far this year. Fiber-optic-components maker JDS Uniphase, for instance has not turned a profit since 1996, although it did help devastate many a retirement account. Yet shares of JDS have climbed 54% this year...
...some Western countries might be struggling, but Schwartz argues that technological advances and management innovations point to rising productivity levels and a "Long Boom" ahead. Thanks to further trade integration through globalization, quantum computers up to 100 million times as powerful as today's PCs, and widespread fiber-optic broadband by 2015, he estimates that "we will probably come close to a doubling of the overall standard of living throughout the world in a generation." The globe's second-most-powerful economy in 2020? China. Prediction No. 2: The U.S. doctrine of preemptive strikes and increasing unilateralism will pump...