Word: teche
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...host of Politically Incorrect, also drives a hybrid car. So does Seinfeld creator Larry David. Leonardo DiCaprio likes his hybrid so much that he bought three more, for his mom, dad and stepmom--and took time out from a Steven Spielberg set to boast to TIME about his high-tech wheels. "People are always impressed," he notes, "with the way it drives, the gas mileage and how quiet...
Mozilla isn't perfect. It's not yet as user friendly as it could be, and don't even ask about tech support: there isn't any. It's also not bug free: in fact, as I write, the logs on Mozilla.org show that Mozilla's thousands of developers have found 113 bugs today alone, and as Jack Palance would say, the day ain't over yet. But even if Mozilla were a terrible browser, it would be important just for being different. Right now 90% of the Web surfers in the world use Internet Explorer. Do you trust Microsoft...
...that the metalworking industry shed 300,000 jobs in the two years after the 1995 strike - a result, he believes, of the 4% wage hike that was agreed on. He estimates that for every 1% of increased wages, the economy will lose 1% employment as companies invest in high-tech machinery or transfer jobs to Eastern Europe. "The rank-and-file not only are not concerned about unemployment," he says, "but also it seems they are not worried about their own jobs." To maintain employment, he notes, wage settlements would have to be less than the growth in GDP, which...
...stocks? There's telecom, still mired in overcapacity, and tech, still waiting for broadband (and something to use it for), and Merrill Lynch, now apologizing for telling everybody to buy stocks. Investors - not much cheered by the first two weeks of earnings season - are waiting on manufacturers, who are waiting on businesses, who are waiting on customers. Everybody's wondering when the Internet is going to start getting where it's going, and starting to think that it may be a little while until it all gets humming again. One more quarter? Two? Maybe more...
...Investors generally ignore the bad news, either because they'd seen it coming - AOL Time Warner telegraphed its loss weeks ago - and because nearly every survivor of the tech bust has a few embarrassing purchases to own up to. Besides, AOL Time Warner's shares are down 41 percent this year alone, thanks to investors doing their own writing-down of AOL's value (with most analysts pegging it at about $1 a share on top of Time Warner's assets). So the $54 billion loss - and the total $1 trillion in goodwill-impairment writedowns that some analysts expect...