Word: superhighway
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Four years ago, Bill Clinton got a big boost when a group of Silicon Valley's captains announced their support for him over George Bush. Now, however, cyberexecutives are considering any campaign drive for Clinton to be, well, a virtual goner. Dismissing Clinton's info-superhighway pep talks as showboating, the industry is focusing on a menu of grievances, including increased corporate taxes, burdensome accounting-reform proposals and, most of all, Clinton's failed veto of a law making it easier for companies to prevail in securities-fraud lawsuits. Silicon Valley successfully pressed for a congressional override, maintaining that...
President Clinton, with the whole federal bureaucracy at his disposal, has the most opportunities to trade favors for cash. You might remember how, just after the 1992 campaign, Al Gore was enthusiastically promoting an "information superhighway," to be built by the government like the interstate highway system in the 1950s. But on December 21, 1993, Gore gave a speech announcing that "unlike the interstates, the information highways wil be built, paid for, and funded by the private sector...." Coincidentally, on December 21, 1993, the Democratic National Committee received a $50,000 check from MCI, $15,000 from NYNEX...
...which case the $245 billion tax cut in the G.O.P. budget plan is a potential superhighway. The challenge for Clinton and the Democrats is to convince people that it is not only too much of a good thing, meaning too large for a time of budget deficits, but also too much of a bad thing, meaning heavily skewed in favor of the well favored. The Administration's response was summed up by Clinton last month when he vetoed the Republican budget: "While making such devastating cuts in Medicare, Medicaid and other vital programs, this bill would provide huge tax cuts...
BILL GATES A billionaire genius, he strove to turn the info superhighway into a virtual marketplace...
...Gates' vision, the information superhighway leads not to a global village but to a virtual marketplace where, by a process he calls friction-free capitalism, buyers and sellers can exchange goods and services without paper money, malls or middlemen. Except, of course, for the ultimate middleman, Microsoft--which, in return for making those electronic transactions secure and reliable, plans to collect a small toll off each and every...