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...Afghanistan offers a blueprint for fighting future wars--through a mix of agility and lethality, with small groups of special forces on the ground wielding high-tech targeting devices linked to precision-guided munitions in the sky--but the military seems slow to embrace these lessons. And Congress is unlikely to challenge the Pentagon's $379 billion request for 2003. With Bush riding high and wartime patriotism still ruling Capitol Hill, few legislators want to be seen second-guessing the Pentagon, even as it proposes a $48 billion boost for next year that is larger than any other nation...
Merrill Lynch tech analyst Steven Milunovich recently suggested that cash-rich firms like Microsoft should begin paying dividends to shareholders. Then consumer advocate Ralph Nader wrote an open letter badgering Microsoft chairman Gates to do just that...
When Ralph Nader sees eye-to-eye with Merrill Lynch, something mighty weird is going on. For centuries, investors demanded cash dividends as current compensation for the risk of a future loss. But then, in the heat of the 1990s bull market, many managements, especially at tech firms, tried a new line: Don't ask us to pay cash dividends, because we can maximize your returns by reinvesting every penny in our growing businesses. And if you wait to take your profits as long-term capital gains, argued these managements, you'll pay less in taxes than you would...
...Development is a sensitive topic in Penang these days. In recent years the island once described by British colonials as the Pearl of the Orient has staked its fortunes on high tech at the expense of its unique natural and cultural assets. With the computer-chip industry in a slump, Penang's residents are now wondering if their enthusiasm was misguided, and whether they can lure tourists back to their beaches and historical treasures. Malaysia's Prime Minister Mahathir Mohamad, whose penchant for progress inspired much of the high-tech push, did not help their cause when he called Penang...
SPECIAL REPORTS Tech TIME: What You Got 21 Days to Baghdad Election...