Word: teche
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...pioneering craft go, the Breitling Orbiter 3 outclasses the Nina, the Pinta and the Santa Maria--and the Spirit of St. Louis, for that matter. It is a high-tech combination of hot air and gas, equipped not only with simple necessities like a bunk, toilet and desks but also with a fax machine and satellite telephones. The journey began on March 1, Piccard's birthday, in the snowcapped mountains of Chateau-d'Oex, Switzerland. Piccard and Jones cruised toward Italy at an altitude of 21,000 ft., crossed over the Mediterranean at night and enjoyed a meal...
...Morgan Stanley reports that just 15 stocks (3% of the total) accounted for 52% of the index's gain last year. "The market" may be going up, but it's almost entirely on the backs of a favored few: GE, IBM, Wal-Mart, Merck--all Dow components--along with tech wonders Microsoft, Dell (which I own) and Cisco...
SMOOTH SAILING Fidelity's Magellan fund was supposed to have become too big to manage. But after stumbling for a couple of years, the nation's largest mutual fund is reasserting itself. Last year the tech-heavy fund, run by Robert Stansky, beat the soaring S&P 500 with a 33% return. In February, Magellan pulled in nearly $500 million from investors, its highest monthly net in more than three years, according to Alpha Equity Research. So is bigger better again? No, says a study by Financial Research: in any given fund category, smaller funds generally beat bigger ones...
...they weren't in enough trouble for letting the Chinese steal nuclear secrets, the national labs are about to get blasted for some high-tech appropriation of their own. In the past six years, Lawrence Livermore National Laboratory has raked in $3.5 million in commercial license fees--and many millions more in government contracts--for a new ultra-wide-band "pulse" radar that can peer through walls and spot Stealth planes. Former Livermore researcher THOMAS MCEWAN filed his first patent for "micropower impulse radar" in 1993, for which he was named "Distinguished Inventor...
...senior House assignments might be a good idea, ensuring that all Houses have a diverse population. After all, some seniors have already begun the blocking process, and many are choosing to block with people similar to themselves--like the investment banking blocking group, for example, or the high-tech blocking group, or the Harvard Law School blocking group. Of course, if housing were randomized, seniors would be taking their chances. Those landing in one of the (Hudson) River Houses needn't worry, naturally, since many blocking groups will be assigned there. If your group gets stuck in Minneapolis House, though...