Word: teche
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...full 30% of this year's Harvard Business School graduates are joining venture-capital or high-tech firms, up from 12% just four years ago. "The extended period of prosperity has encouraged people to behave in ways they didn't behave in other times--the way people spend money, change jobs, the quit rate, day trading, and people really thinking they know more about the market than anyone else," says Peter Bernstein, an economic consultant and author of the best-selling Against the Gods: The Remarkable Story of Risk. "It takes a particular kind of environment for all these things...
...that seems to be the smartest play. Inflation worries have driven growth stocks, including Merck and Philip Morris, 20% lower. Some tech stocks (AT&T) are way cheaper too. Internet stocks, if you're so inclined (I'm not), have fallen even more. Yet the Fed has had the right answer for every new-age inflation scare. Why bet against Alan Greenspan now? It could be that the new era deserves a new truism. Forget stumble. Call it three steps and a start...
...world today. But the setup is just too complex for the average person. A few weeks after my column ran, I had to swap the PC I was using for another one that didn't have Linux, and I still couldn't install the version from Red Hat without tech support...
Technology has entered the picture. In the past, the quality of print reproductions was so poor that it preserved, by default, both the economic and the artistic value of the original work. Today artists such as Kinkade operate high-tech facilities that bond lithographs to an acrylic that can be rolled or even sprayed onto canvas with the details so fine that even the brush strokes are replicated. Kinkade's studio employs a team of 30 touch-up artists whose sole task is to hand-paint highlights onto the prints, enabling the sales team to market each...
...origin, athletic and artistic achievement--they would turn back the clock to an era when minorities "were isolated and penalized for the color of their skin...or national ancestry." He recounted a revolting incident in 1934 when his black teammate, Willis Ward, voluntarily benched himself because the visiting Georgia Tech football team objected to competing against an African American. Ward's sacrifice, Ford wrote, "led me to question how educational administrators could capitulate to raw prejudice...