Word: program
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Dates: during 1990-1999
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...many admirers at home and overseas, he was the enlightened mandarin who single-handedly could break through the red tape and propel China's economy into the next century. Even Asia's debilitating economic crisis didn't seem to faze Zhu. In March he laid out a program for China to make its state-owned firms profitable, restructure its debt-ridden banking system, halve the bureaucracy and privatize the housing market--all by the year...
Asia's rocky economics remains a problem. With China's exports down 6.7% last month and foreign investment predicted to shrink 30% for the year, the government has embarked on a huge program of domestic spending to stimulate demand. "It is the old pattern in China--three steps forward and two steps back," says Joe Zhang, head of China research for HSBC Securities in Hong Kong. "At the moment we are backtracking." Says Andy Xie, chief China economist for Morgan Stanley Dean Witter in Hong Kong: "If they continue, they will end up renationalizing the economy. And that...
...seven years since, Torvalds' little program has become the center of gravity of a large and somewhat fanatical movement. Programmers love Linux (rhymes with cynics) because it is small, fast and free--and because it lets them participate in building a library of underground software. Silicon Valley loves Linux because it offers an alternative to Sun, Apple and, especially, Microsoft; in the past month Intel, Netscape and some of the Valley's richest venture capitalists have invested in Linux operations. Journalists love Linux--and its Finnish eponym--because his is a story in the classic David and Goliath mold...
JOHN PAUL II is the most traveled Pope in history, but apparently he likes to kick back in the Vatican with the remote every now and then. During a live panel discussion on Italian television celebrating his 20th papal year, the Pope unexpectedly called in to the program, catching everyone by surprise, including his own spokesman, who was among the guests on the show. "I would like to thank all those taking part for everything that they have said and done," the Pope told the show's shocked host, Bruno Vespa. Visibly moved and more than a little flummoxed, Vespa...
...load up on stocks at today's lower prices. Alan Greenspan's surprise interest-rate cut, which sent the market rocketing higher on Thursday, is one. But even before that move, savvy corporate buyers had been turning up the volume. Last week marketing firm Cendant unveiled a $1 billion program to buy its own shares. This followed on the heels of buybacks by Pfizer ($5 billion), McDonald's ($3.5 billion) and American Express ($3.3 billion). In September $25 billion in share repurchases was announced--double the pace of earlier this year...