Staying Aboard The Gravy Train
January 1, 1997When the stock market comes off a very strong year, investors naturally worry that the gravy train is about to be sidetracked. It was no surprise when The Wall Street Journal year-end review of mutual funds cautioned that “This year, many fund managers say, the pessimists could be right and the markets could take a dive.” That article was published last year, on January 5, 1996. The U.S. stock market …
Can Social Security Keep The Market Aloft?
January 1, 1997A federal advisory panel has concluded that the stock market is the deus ex machina that can rescue Social Security from the tribe of Baby Boomers who otherwise will consume it in the coming decades. The report of the Advisory Council on Social Security reached no consensus on exactly how the national retirement plan should be revamped to include stocks in its investment holdings. Expect to see the usual battle …
When Every Station Is A ‘Superstation’
January 1, 1997The emergence of “Webcasting” in 1996 is probably the most important advance in mass communications since cable television, or perhaps since television itself. Yet few people even in the industry seem to understand its implications. Webcasting is the act of “broadcasting” on the Internet’s World Wide Web. It presently takes three forms. It can be simply a stream of text-based news and information, like a stock ticker or news wire. …
Search Engines Help You Find The Right Needle
January 1, 1997Imagine the Library of Congress without a card catalog. Imagine your favorite restaurant without a menu. Each might offer a lot of attractive options, but what good are they if you do not know what they are? With upwards of 70 million pages already available on the World Wide Web and more data pouring in every day, the Internet would be equally frustrating were it not for search engines. Search …
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