Word: vacuuming
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Certainly tech stocks were no slam dunk in the '50s, when transistors replaced the vacuum tube, or in the '60s, when microchips supplanted simple transistors. Those developments gave rise to the upstart Intel, while the shares of companies like Transitron Electronics melted away...
...Because while nature abhors a vacuum, what the financial world hates at a time like this is a puzzlement...
Even so, the idea of a cosmological constant wasn't entirely dead. The equations of quantum physics independently suggested that the seemingly empty vacuum of space should be seething with a form of energy that would act just like Einstein's disowned antigravity. Problem was, this force would have been so powerful that it would have blown the universe apart before atoms could form, let alone galaxies--which it clearly did not. "The value particle physicists predict for the cosmological constant," admits Chicago's Turner, "is the most embarrassing number in physics...
...Israelis feel the present situation can't continue, but they have few strategic alternatives. Destroying the Palestinian Authority will not diminish the threat from Hamas or make Palestinians more pliant. If anything, it could create a power vacuum in which local warlords would assume power and there would be an upsurge in violence with fewer mechanisms of control...
...changes at HLS certainly weren’t made in a vacuum. Other law schools began to change in the past few years, and competition became stiffer as the number of applicants to law schools nationwide dropped. “There’s no question that it’s much more competitive for law schools now than it used to be,” says David W. Leebron ’77, Dean of Columbia University Law School and 1979 HLS graduate. “Harvard is in some sense responding to the competition, and that?...