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WHAT HAPPENED: Simply, the high-tech boom went bust. After five years of astonishing growth, fueled by an irrationally exuberant stock market that showered money on everything to do with the Internet, both businesses and consumers decided they had all the gizmos they needed. That left companies with massive amounts of inventory on their shelves. The downturn then began to spread to the rest of the manufacturing segment, such as autos. High levels of household debt--all those credit cards and home-equity loans--don't help...

Author: /time Magazine | Title: The Global Stall | 9/3/2001 | See Source »

...book, written with co-author Ted Dekker, is (like the "Left Behind" series) chock full of hi-tech and hollow-point bullets, but for Left Behind's apocalyptic backdrop, it substitutes more modest effects like the raising of the dead. This is a wonder that Bright is convinced that God ("He hasn't changed"), continues to bestow among communities of "people who trust and obey him." But not, Bright hopes, to him: since it would interrupt his final reunion with the Lord. He has no idea how much time he has left. He appears not to be concerned...

Author: /time Magazine | Title: Bill Bright: Twilight of the Evangelist | 8/29/2001 | See Source »

While Panasonic sold five times as many ruggeds as semi-ruggeds a few years ago, now it's selling about equal amounts of the two. There's no doubt a bit of tech machismo is at work: ruggedized laptops exude the same cool as a Land Rover in a suburban driveway or Timberland boots at a backyard barbecue...

Author: /time Magazine | Title: Here Come The Hard Cases | 8/27/2001 | See Source »

CHIP OFF THE OLD BLOCK The Jumbo Music Block ($60, for ages 1 and up) is designed to be Baby's first gadget. Made by Neurosmith, which specializes in tech for tykes, it's a plush cube 14 in. on a side--that's about waist high on a toddler--and covered with bright, colorful touch-sensitive shapes, each of which hides a secret pocket. It's designed to teach music and motor skills: touch a shape, and it plays a maddeningly perky tune...

Author: /time Magazine | Title: In Brief: Aug. 27, 2001 | 8/27/2001 | See Source »

...This "part inventor, part craftsman," as Pantelic describes himself, is typical of those who follow in this report, for which a score of correspondents and another dozen photographers fanned out across Europe to discover how the guildhall has met high-tech. At Waterford Crystal in Ireland, for example, each piece of glassware still passes through up to 40 pairs of hands, and master cutter Jim O'Shea still keeps about 400 designs in his head. But today, the chance of a flawed piece of glassware leaving Waterford is less likely than ever: a modern quality-control system flags any defect...

Author: /time Magazine | Title: In Praise Of Quality | 8/20/2001 | See Source »

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