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...chief global economist at Morgan Stanley Dean Witter, suspects that e-commerce is being oversold, though he admits it's growing rapidly. "I question if it'll ever be big." He is right when he notes that e-commerce is no more than 1% of the U.S.'s $8.5 trillion economy; in fact, consumer online sales now account for only .2% of total retail. And e-commerce, Roach argues, is hardly on a par with the Industrial Revolution. "This is an intangible cerebral revolution, which is a lot harder to pull...
Chilled by a possible blizzard of year 2000?bug lawsuits -- one estimate sees $1 trillion in damages -- corporations are asking the feds for help. "Because of fear of litigation, many companies are afraid of sharing information" about their readiness, says Harris Miller, president of the Information Technology Association of America. President Clinton agrees, and plans to send a bill to Congress this week designed to get companies to reveal how Y2K-OK. their computers are, in exchange for partial protection from lawsuits. "The maker of any such statement shall not be liable" for it if the company made an effort...
...least in part to managed care, vaccination rates are up, premature births are down, more women are getting mammograms than ever before and costs have fallen dramatically. Managed care saved between $150 billion and $250 billion last year alone out of total U.S. health-care spending of $1 trillion. If things are really as bad as Hollywood and Washington say, the plan administrators wonder, why do more than three-quarters of their members say they are satisfied with their health care...
...mass of Jupiter. Newly discovered by San Francisco State researchers at the Lick Observatory in California, and further researched at the Keck I telescope in Hawaii, it's also the closest planet to our solar system ever found. There isn't another until you look 35 light-years -- 5.9 trillion miles -- away. It's also only the twelfth planet discovered in the universe. Since it formed around a red dwarf such as Gliese 876, the most common type of star in the universe, astronomers suspect there could be many more planets floating in solar neighborhoods near ours...
...politics? His sense of humor? His likes or dislikes? Bitter sitcom writers, accustomed to having edgy material rejected, use this analogy: Bugs Bunny is funnier, smarter and more interesting than Mickey Mouse, who has no known personality except for being vaguely likable and harmless. Mickey is worth a trillion dollars. Be like Mickey...