Word: record
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Dates: during 2000-2000
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...more to the list of myths exploded by the record U.S. boom. Remember when any unemployment rate lower than 6%, or any rise in national output of more than 2.5%, was supposed to light a bonfire of inflation? Come on, it wasn't that long ago--those beliefs died even harder than the '80s idea that the U.S. was becoming a corporate colony of Japan. And as late as the end of 1998, some economists feared that a ballooning U.S. trade deficit and the launch of a rival international currency, the euro, would send the American dollar into a headlong...
Newman has already raised some $8 million. Until recently it wasn't too hard, even for an undergraduate, to line up donations. As long as tech stocks were pushing the NASDAQ index to record highs, VCs could take scores of seedling companies public before they had time to fail, and walk away with triple-digit gains. The recent market downturn doesn't seem to faze Newman. "We're taking a long-term view," he says, like a Silicon Valley...
...operating-system market. And it continues to claim that well-established antitrust laws do not apply to an industry dealing in 21st century technology. The company's almost religious zeal on these points won't help its image in the appeals court. "If you indiscriminately attack the record on too many fronts, your good arguments get lost," warns Kovacic, "and Microsoft is in a position where it can't afford any more missteps...
...Jackson's injunction ordering Microsoft to quit tying its Web browser to Windows. That decision has since been glorified by Microsoft attorneys, who see it as their salvation. But as Assistant Attorney General Joel Klein points out, "The court said it was writing without the benefit of a factual record." Now they've got 78 days' worth of testimony, much of it arguing that Microsoft's motivation was more to hurt competitors than to help consumers...
Since Microsoft can't enter new evidence on appeal, the company must argue that the government and the judge put the wrong spin on the stuff that's already in the record. This is familiar territory for Microsoft, which has long insisted that all those venomous e-mails and extracts from Gates' videotaped deposition were taken out of context. For example, Microsoft will claim that its brutal campaign against Netscape during the browser wars was ultimately benign, not anticompetitive; both sides issued rapid-fire improvements to their Web browsers, millions of programs were distributed for free, and the Internet revolution...