Word: speedups
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Dates: during 1990-1999
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Obviously, the already marked speedup in the pace at which business operates will continue. Says Tapan Munroe, an economics professor at the University of San Francisco, who has his own consulting firm: "We're talking about product life cycles of two to three years or even less. We're talking about industry life cycles of less than a decade." Newman notes that this hectic pace poses "a massive challenge for people with existing successful businesses," whose "natural tendency is to focus on what has made the business successful." They are vulnerable to competition from "upstarts" who "have the advantage...
Paradoxically, perhaps, at least some board members think the accelerated pace of business can lead to more leisure for workers--in about 15 years, says Varian. The reasoning: more work can be done in less time. Romer is unsure about leisure, but predicts another, generally beneficial aspect of the speedup. Faster economic growth will lead to higher wages, he says, and as a result, "the cost of people's time will be going up. That's a trend you can count on into the far future...
...speedup appears to be psychological too. Retail sales rose 1.2% in December, largely because shoppers who had long been too wary to buy more than they could pay for in cash became willing to go into debt again. Consumer credit rose at a 4.1% annual rate in December to $725.9 billion, the fastest rate in nearly two years. It seems no coincidence that surveys showed consumer confidence rising sharply right after Clinton's victory...
Despite last week's firing, Strugnell retains scholarly rights to many important scrolls. The project is now under a three-man directorship led by Emanuel Tov of Jerusalem's Hebrew University, who says the new arrangement should "speed things up." But a speedup is not enough for Biblical Archaeology Review, which contends that only full access to photographs of unpublished texts will end the "scandal" of neglect...
...upgrade the 57 matte-painting backdrops that were used to help create a comic-book appearance. The improved matte work includes twinkling lights and moving boats and cars. Paramount had to frantically accelerate the editing of Days of Thunder to get the film ready for its summer release. The speedup meant that crews had to work around the clock, piling up mountains of overtime. Die Hard 2 had the same deadline problem. Says Birnbaum: "The prints will still be wet, but they'll be in the theaters on June 22 as promised...