Word: teche
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Courtis was concerned that overall Japanese corporate investment in high tech is falling sharply behind that in the U.S. The country's consumer spending is still trending sharply down, and demographic forces are already starting to bite. In 1998, Courtis pointed out, more Japanese retirees withdrew funds from the pension system than there were workers contributing to it. "It would be really unwise to underestimate the level of political turmoil possible as Japan reforms," he warned...
Thanks to high-tech baby-making techniques, women and men will increasingly no longer need to mate in the traditional ways, and Barbara Ehrenreich explores the implications with Swiftian wit. Peter Beinart, editor of the New Republic, says goodbye to politics, predicting that instead religion will become the primary force in shaping society. Nicholas Lemann, author of The Big Test: The Secret History of the American Meritocracy, takes a different tack in answering the question, "Who Will Be the Next Elite?" The answer: not yesterday's Wasp or today's SAT high scorer, but the young entrepreneur...
...white sand, yellow boulders, coral reefs and gently slapping waves. You can rent a bungalow for $5 a day. The boys and girls seem to be young, thin and beautiful. They convene from all over the globe: club kids from London, bar hostesses from Tokyo, English teachers from Taipei, tech refugees from Silicon Valley--all looking to partake of this new civilization on the island that has become synonymous with hedonistic decadence...
...danger of an economic downturn caused by a stock market reversal. "If there's a correction," says Baumohl, "all of a sudden these consumers would abruptly stop spending, and that could send us into a recession." While the Dow Jones dropped slightly on news of Greenspan's report, the tech-heavy NASDAQ saw steady gains throughout the morning and early afternoon - a trend at the heart of a problem for the Fed chairman. "These days the high-tech companies seem immune to interest rate hikes," notes Baumohl. "It makes it more difficult for the Fed to rein in consumer spending...
...that caused the disruptions. Yet it wasn't so much the work of NIPC that led law-enforcement to Mixter as the efforts of a band of private cyber-detectives. The California-based Network Associates, hired by the disrupted sites, was the entity able to secure the cooperation of tech firms across the world to trace part of the attack to a PC in Germany...