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...secrecy, he's setting up a new search company in Palo Alto, Calif., called A9.com "All I can tell you is that we're working on some interesting things that we simply cannot talk about at this point," says Bezos. The scuttlebutt is that A9 will be focused on product search, so it will compete less with Google than with Froogle--a relatively small slice of the search market but potentially the richest. Amazon--which is still glowing from its first profitable nonholiday quarter ever--has been working with a shadowy start-up called Groxis, a company that dabbles...
...Thereafter, as Boomers retire and cash in their entitlement claims, the deficit will explode to 6 percent of GDP by 2020, 12 percent by 2030, and an economy-shattering 21 percent by 2040.” According to the projections, the total national debt will equal total gross domestic product by the late 2020s and quadruple it by 2040. While some will argue that the group’s numbers are political hyperbole, the groups warn their projections “may understate the gravity of the deficit problem—and the damage that current budget policy is inflicting...
...applications for these sleuthing technologies range from deciphering buying trends in retail outlets to identifying dangerous chemicals. Want to know how many razor blades are selling in Prague or Pittsburgh? Slap a radio tag--a computer chip that allows a product to be tracked on its journey from manufacturer to consumer--on every pack of Gillette blades, and you will get your answer in a hurry. That's the specialty of Alien Technology, an eight-year-old company based in Morgan Hill, Calif. The same tags can help track weapons too, and the U.S. Department of Defense just commanded...
...putting all its efforts behind radio-frequency-identification (RFID) tags. The key to both flexible screens and RFID tags is Alien's patented manufacturing process, which allows chips to be generously sprinkled onto thin plastic sheets that can be easily attached to almost any type of product. Once fastened to a pack of razor blades, for example, a RFID chip emits a radio signal that allows the manufacturer or retailer to track if and when the product has been sold. Alien is the market leader in these chips and expects to make between 50 million and 100 million tags next...
Mind you, Japan's problems are still awful: relent-less deflation that drives down real estate values and prevents companies from raising prices; government debt that amounts to 158% of the gross domestic product (vs. 59% in the u.s.); banks that stifle entrepreneurship through their reluctance to lend money; and a government too paralyzed to mandate real reform. But as Canadian money manager Peter Cundill says, such a grim time "is exactly when you should consider investing, since buying a stock or a market at a low point nearly always works in the long...