Word: powers
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Dates: during 2000-2000
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This is not a new idea. As the historian Richard Hofstadter wrote, when Congress debated the Sherman Antitrust Act in 1890, its leaders shared "an awareness of the economic foundations of politics. In this respect, the Sherman Act was simply another manifestation of an enduring American suspicion of concentrated power." For Senator John Sherman the antitrust law was an important means of "maintaining freedom." The concentrated power of trusts amounted to "a kingly prerogative," and he argued, "If we will not endure a king as a political power, we should not endure a king over the production, transportation and sale...
...second to none--pace Senators Bradley and McCain--in my devotion to campaign-finance reform, but please. Candidates are beholden to big media because of the power big media hold over them. The remedy to this blight on our democracy is not bigger behemoths. In order to maximize consumer choice, it may make sense to ask how many widgets it takes to make a competitive widget market. But the same question doesn't really make sense for companies dealing in news and ideas. If anything, government should raise the bar before approving mergers among such mega-entities...
...million bits, each between 2,000 and 10,000 letters long. Each fragment is then fed into a high-speed decoding robot. The next step, for Venter, is the most difficult. His robots e-mail their results to Celera's giant central database (said to represent more concentrated computing power than anywhere outside the Pentagon). These computers are using a sophisticated program to reassemble the genome fragments into the familiar 23 human chromosomes. The whole process can be compared to making confetti out of a stack of encyclopedias and then painstakingly reconstructing each page...
...took a whole childhood for him to go from here to stardom, it took five years for him to finish Voodoo, it took half the day for him to get to the interview. But in a few seconds, with a few notes, he gives a glimpse of the power of his talent, its roots in the church, and all is forgiven. Some artists make music that makes them look cool; D'Angelo makes music that makes you feel cool just listening...
...financial heavyweight, wouldn't grade Greenspan, but he voiced a mock complaint that Greenspan was getting a lot of credit for prosperous times without having to break a sweat. The vigilantes were doing it for him. When traders whiffed inflation, they chased long-term rates higher to curb borrowing power and cool the economy...