Word: teche
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...hardest-hit countries, the public health systems have utterly failed. In the first survey of how widely anti-HIV treatments are used, researchers found that less than 4% of those infected have access to appropriate medications. Drug therapies are not the only answer, however. Another report suggests that low-tech measures such as distributing condoms and improving the status of women could prevent 48 million infections...
...recession--if indeed we had one--appears to have ended in the first quarter, yet unemployment remains stalled at 6%, close to its eight-year high. The economy is growing, but the stock market isn't. The bubble in tech stocks has popped, but some are worried another is swelling in the housing market. It's been that kind of economy, where each hopeful portent comes wrapped in anxiety...
SOHN: We don't need as many people to produce widgets, cars, whatever, because of productivity gains. Initially in the 1990s and early 2000, we had productivity gains from manufacturing high-tech equipment or even low-tech equipment. Now we are getting gains coming from the application of that equipment. Employers are also very cautious--look at overtime, which is going up. They don't want to hire people. They would rather employ technology and work people harder...
...hasn't had a scandal like Enron or WorldCom," says Sorbonne economist Christian de Boissieu, "the situation confronting our telecom operators, who are all deep in debt, means that we're facing similar problems." To the well-known troubles of France Telecom and Deutsche Telekom, add the pains at tech giant Alcatel. Or the fiasco at media and utilities conglomerate Vivendi, which soon after booting Jean-Marie Messier was seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just a few short years...
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