Word: teche
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Indonesia's problems are so difficult to solve that not even an extraordinarily clever politician bolstered by overwhelming public support would find it easy to take over. And Habibie, a man who enjoys Beethoven, motorcycles and tomes on high-tech industrial policy, seems the least likely candidate. He has no political base, nor can he necessarily count on the long-term backing of the powerful military. Economists and stock analysts around Asia question Habibie's ability to bring sensible change to Indonesia's choking economy--his big-spending statist policies are anathema to the International Monetary Fund--and politicians forecast...
...these days, not everyone is on the Vice President's bandwidth. His biggest high-tech achievement to date is a program to wire every classroom and library in the country. He has heralded it as "a turning point that [will] transform the shape of America." But right now, the program is under assault from Congress as an out-of-control entitlement engineered by an out-of-control bureaucracy. Which does not do much for Gore's reputation as the architect of reinventing government. Even more ominous is another threat: starting this summer, phone companies that were ordered...
Nuclear crises don't usually come as complete surprises. Nations hungry to acquire the power of mass death will steal and cheat and lie to achieve their ambition, but millions are spent on high-tech spying to divine the telltale signs well before any nuclear adventurism occurs. Not this time. Before firing off five nuclear explosions last week, India deliberately concealed its specific test plans and misled the rest of the world. But no one was paying attention anyway, even when the signs of India's intentions were there to be read. The shock runs up our spine because...
Parse the language and it means many banks have a new sideline: gambling. "Derivatives have turned the financial markets into a hi-tech, international, 24-hour casino," notes Richard Thomson, a former merchant banker and author of a book published in London, Apocalypse Roulette: The Lethal World of Derivatives. "Right now you have a small number of banks sharing a very large risk. But this could turn out to be a serious problem if these banks are in the wrong place at the wrong time...
Freshman James Blake will once again play in the No. 1 singles spot in place of his older brother, regardless of the match time decision. In last weekend's Regional Tournament in Princeton, Blake easily disposed of Virginia Tech's Aaron Marchetti--the No. 17 player in the country--6-0, 6-2 in the championship match. Blake, along with his doubles partner, captain Kunj Majmudar, added a straight-set doubles win en route to the Crimson's 4-3 victory...