Word: digital
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Dates: during 1980-1989
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Perhaps a nine-digit fine would convince Morton-Thiokol and other contractors to temper their worship of divine Profit with some common sense...
...first, for 26-year-old Joseph Schmuckler, program trader for Kidder Peabody. The blinking number on his computer screen, which will signal him when it is time to unleash his electronic firepower, is advising him to wait. But suddenly the stock market begins to move downward, and the telltale digit on Schmuckler's screen starts changing like a countdown at Cape Canaveral. The trader and his two assistants erupt in a frenzy of shouted telephone conversations as they advise colleagues in New York City and Chicago to get ready for a blast of trading orders. "Strap on your seat belts...
...Computer Literacy Handbook, a book-length version of the San Francisco course, computer programs are likened to cookbook recipes, data flows from a buffer like water from a bathtub, and bits and bytes are pictured as shoe boxes full of tiny babies who sit to represent the binary digit 0 and stand to represent the digit...
...Baby Boomers' great expectations have been diminished by a series of rude social and economic shocks, from the Viet Nam War to double-digit inflation. Although the sheer size of the generation provided a sense of solidarity and power, it ultimately proved to be the Baby Boomers' bane. There were simply too many of them to maintain in the style to which millions became accustomed as affluent children of the '50s and '60s. Egalitarianism might have been the avowed ethic of their youth, but competition was, and still is, the harsh reality. Many bravely refuse to admit...
...early 1980s, most IRA money poured into banks and savings and loan associations because interest rates were going into outer space. But one- year certificates of deposit, which earned a handsome 15% or more in 1981, now bring savers only 8% or so. Result: many consumers, suffering from single- digit shock, have started moving their IRA accounts to Wall Street in search of better yields. IRAs invested in stocks typically earned a 26% return last year. "We're clobbering the banks. It looks like the tables have turned," boasts Gary Strum, first vice president in charge of pension services...