Word: overnighting
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...Obviously, people who have dissented feel intimidated because they haven't been able to get the job done over the years," Beys said after the meeting. "Here's someone who overnight got this band to play. My only hope is that they show...
...will the economic dislocation that has made life miserable for generations be altered overnight. The Center for Economic and Social Investigations, a private liberal think tank in San Salvador, estimates that one-fifth of the population controls two-thirds of the nation's wealth; the poor face meager prospects for finding jobs or improving their share. The government has earmarked $100 million to retrain ex-combatants, and foreign donors have pledged up to $1 billion in aid. But with unemployment at 50%, widespread illiteracy and a legacy of violence, El Salvador is unlikely to attract the kind of foreign investors...
That was just the sort of medicine Sachs has recommended to a dozen governments. His best-known patient is Poland, which two years ago adopted the so-called Sachs Plan, which decontrolled the economy overnight after nearly half a century of communism. The result has been both progress and pain. Stores have plenty of goods on the shelves, and inflation, which had been running at an annual rate of 2,000% in 1989, was down to 60% last year. But industrial output has plunged, and 2.1 million workers (12% of the work force) are unemployed. Not surprisingly, political backlash...
...government began one of the most daring economic reforms ever undertaken anywhere. Boris Yeltsin had freed prices, and was setting the country on a crash course toward a market system. The prices of a few basic commodities, such as bread and gasoline, remained controlled -- though they tripled or quadrupled overnight. But those of all other products were simply set free for the first time in more than seven decades...
Such marvels, of course, will not materialize overnight. Cautions IBM physicist Donald Eigler: "The single-atom switch looks small until you realize it took a whole roomful of equipment to make it work." Still, computer chips the size of bacteria and motors as small as molecules of myosin are rapidly moving out of the world of fantasy and into the realm of possibility. "For years, scientists have been taking atoms and molecules apart in order to understand them," says futurist K. Eric Drexler, president of the Foresight Institute in Palo Alto, Calif. "Now it's time to start figuring...