Word: techs
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Dates: during 2000-2009
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...matter of choice. We've got two possible futures: a really horrible one and a really good one. We're going to run out of oil. It's not a renewable resource. So that will happen. Meanwhile, we are very busy in creating all kinds of new tech that might save us. What will win the race? What will save us? Will it be the wonderful new tech, or will it be the collapse of oil, or will it be the bad environmental conditions that we cause? That's anybody's guess. There is some great new tech, but will...
...Laughs) Greenspan has also said that the tech industry was the main driver of productivity in the United States in the 1990s, so he can't have it both ways. Or maybe as an economist...
During his long career with Intel, the world's largest semiconductor company, Paul Otellini has had a catbird-seat view of the remarkable social and business changes wrought by the information technology revolution. Now Intel's CEO, he has also witnessed some of the tech industry's biggest setbacks, such as the implosion of the dotcom bubble in 2000 that plunged the U.S. into recession. In an recent interview with TIME senior editor Jim Erickson, Otellini discussed some of the differences between the dotcom bust and the current global financial crisis - and whether technology's Next Big Thing can help...
...going into economic prognostication. But I do think that, in essence, the computer is a tool of productivity, and in typical, traditional downturns in the past, tech has done better than other industries for that reason. The other thing that has happened since the last downturn is, the PC has become indispensable. This is the first time in our lives when, if you go home tonight and your computer breaks, are you going to say "Oh well, we're in an economic downturn, I'm not going...
Still, with one network set after another looking like the sales floor of a Circuit City, it seemed as though the networks were trying to buy gravitas with high-tech gadgets. The screens dripped data--a list of states running down the side, graphics spanning the bottom, a "virtual Senate" materializing on CNN. Even the pundits metastasized: the networks had banks upon banks of them, lined up like operators at a telethon. Look at all this information! the screens screamed. Look at all this analysis! Never mind that we're sitting on the news...