Word: tapped
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Dates: during 2000-2000
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...safe investments more akin to bonds--have heated up this year, gaining around 5% in a choppy market. Warren Buffett and Bill Gates have made bets on the sector, investing in MidAmerican Energy and Avista, respectively. Stodgy, flat-footed utilities aren't going bankrupt, as predicted, but restructuring to tap the competitive markets. Given their background, though, it's not an easy switch. "These companies didn't consider themselves to have customers--they were called ratepayers," says Michael Egan, CFO of Peco Energy, the $5 billion Philadelphia-based giant that just merged with Unicom...
...took tap-dancing lessons four towns away. Was four towns enough...
There's a hitch, of course. If you need to tap your tax-deferred savings early, you'll pay a penalty. And at some point, you must begin taking minimum amounts out or pay another penalty. Worse, with a tax-deferred account, you or your estate will eventually get socked with income tax on withdrawals at federal rates up to 39.6%--not the relatively friendly capital-gains rate of 20% that applies to other long-held investments. Still, tax-free growth far outweighs any of the negatives that come with it--for most of your life...
...Purim b) the summer Solstice c) the DVD release of This Is Spinal Tap d) Macy's semi-annual white sale...
More important, however, is the software of intelligence. The most compelling scenario for mastering that software is to tap into the blueprint of the best example we can get our hands on: the brain. There is no reason why we cannot reverse-engineer the human brain and copy its design. We can peer inside someone's brain today with noninvasive scanners, which are increasing their resolution with each new generation. To capture the salient neural details of the human brain, the most practical approach would be to scan it from inside. By 2030, "nanobot" technology should be available for brain...