Word: paces
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Dates: during 1990-1999
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...drive manufacturers, software houses and Web programmers whose businesses depend on escalating PC growth. Because Grove and his firm control the blueprints of the PC, he is in the unique position of being able to tell customers what to do. Intel sets release dates for new chips, dictating the pace of the computer industry with the confident aplomb of fashion designers raising or lowering hemlines. It's the sort of ironfisted market grip that rarely exists outside economics textbooks: one superefficient firm with monopoly-like returns gliding past competitors and, not incidentally, racking up huge profits. (Ten thousand dollars invested...
That's not to say the pace of technological change is slowing. In fact, you haven't seen anything yet. Companies like Intel, Microsoft, Compaq, Cisco Systems and Oracle have plenty more cyber stuff on their drawing boards. What's in question is how much of it they will sell, how soon and at what price. One obvious problem is Asia. Tech companies were doing a lot of business there before the region's economies imploded. Intel, for example, has been getting 28% of its annual revenue there and will surely feel a sting from the slowdown...
...system that is a kind of V chip for the Internet. But as participants in the summit's one contentious and genuinely thought-provoking panel pointed out, V-chipping the Net is no snap. Who would rate the Websites, and what criteria would be used? How do you keep pace with a medium that grows by 4,000 sites a day? How do you enforce U.S. standards and regulations on a global medium...
...quickly the world's energy systems are transformed will depend in part on whether fossil-fuel prices remain low and the entrenched opposition of many oil and electric-power companies can be overcome. The pace of change will be heavily influenced by the climate agreement that emerges in Kyoto and the national policies that follow. In the 1980s, California provided tax incentives and access to the power grid for new energy sources, which enabled the state to dominate renewable-energy markets worldwide. Similar incentives and access have been offered by European countries in the 1990s. Sometimes such measures are needed...
...coffers are emptying fast in South Korea, and the country has begun appealing to its economic saviors - the U.S., Japan and the International Monetary Fund - to step up the pace of getting money into the country, reports Money Daily. The only problem is that Seoul may not get the dough; Tokyo and Washington aren't convinced the country needs an immediate infusion...