Word: pocketed
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...nice to learn that exercising our mental muscles may help stave off Alzheimer's. After we have created a generation of folks who need pocket calculators to balance their checkbooks, computers with spell-check to write letters and cash registers that tell how much change to give back to customers, now you tell us that using our brains is good for us? Duh! TIMOTHY TAYLOR WEBB Redding, Conn...
Still, so many of the technologies that promote interactivity don't fulfill that promise. When I attended the World Economic Forum in Davos, Switzerland, this January, Compaq gave each delegate a free iPaq pocket computer. I sat with a friend and marveled at the gizmo. Then we sent each other e-mails. Hey! Of course, we were sitting side by side (at an indescribably dull panel on Asian economies). Pointless communication, yes, but isn't that what we do nowadays? Think how commonly we send e-mails to colleagues at work who might be as near...
...built into the central processor. Suspended in front of my left eye is a full-color vga screen scarcely larger than a postage stamp but so close it could just as easily be a 15-inch monitor. And did I mention the miniature video camera clipped to my shirt pocket...
Most people understand the concept of margin--the money they pocket after all expenses have been paid. But velocity--the speed at which things move through the company to the customer--is often missed. I cannot think of any company whose performance would not improve by increasing the rate of inventory turn. And, by the way, the concept of velocity applies as well to services as it does to products...
...lump-sum rebate of $600 or so appeals to many economists. The thinking is that with a relatively large sum people will spend a portion on big-ticket items, like a washing machine, and stimulate the deeply depressed manufacturing sector. Reduced withholding, on the other hand, would produce pocket money in dribs and drabs and probably benefit service industries most...