Word: wrecks
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...tech wreck may be over, but it has left a legacy of low prices. Tech companies had to dump on the market everything from fiberoptic networks to computer chips, as desperate investors struggled to raise cash. That slashed telecommunication costs at the very moment that emerging markets were producing a skilled and hungry generation of information workers. Result? The offshore outsourcing revolution and downward pressure on global production costs that keeps inflation under control. Equally powerful are the ultra-low-cost emerging-market manufacturing bases, led by China. With more than 1 billion people set to enter the urban labor...
Looking at the looming train wreck in Palestinian politics - and in the Palestinians' relations with Israel - it's hard to imagine that any of the protagonists has gamed out the implications of their positions...
...science have been a major focus of these projects, including a report he helped produce called Fair Weather, describing the policy issues raised by the tensions between private weather services. He also advised the government to build a new version of the deep-sea submarine, Alvin, that discovered the wreck of the Titanic, and has helped formulate the direction of America’s future in space...
...Argentina; Brazil teetered on the brink. Meanwhile, Silicon Valley, the pride of the U.S. economy, was crashing, while entire sectors of the so-called new economy disintegrated. And Japan, the world's second largest economy, was locked in a financial crisis redolent of the 1930s. After the tech wreck, everything from state-of-the-art fiber-optic networks to computer chips were dumped on the market, as desperate investors struggled to raise cash at almost any price. The main reason that it has become so easy for the advanced economies to source back-office support in Asia is because communications...
DIED. Lillian Gertrud Asplund, 99, last American survivor of the Titanic and the only one in the world old enough to recall the wreck; in Shrewsbury, Mass. The intensely private Asplund was 5 when the ship sank in the North Atlantic. She spoke publicly about the ordeal only once, saying she was forever haunted by the memory of her father and three of her brothers, who died, standing at the ship's railings as she, another brother and their mother were taken away in a lifeboat...