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To: IceShark who wrote (54993)	1/6/2001 2:16:43 PM
From: KyrosL	Read Replies (3) \| Respond to of 436258

I agree with marginmike. The productivity increase of the last few years is very real and will probably accelerate. The point of the computer revolution in the last few years is not the increase in compute power of individual machines and the fact you can recalculate the same old spreadsheets faster. It is universal cheap communications (the Internet) which ties together businesses, their suppliers and their customers and enables an enormous simplification and acceleration of business processes. At the individual level, the Internet simplifies and cuts costs of numerous services like banking, brokerage, news & entertainment, shopping, travel, etc., etc. There is no question that the tech bubble created overcapacity and overinvestment, which will have to be painfully deflated. But it is a mistake to dismiss the Internet revolution. It is very real and has generated and will continue to generate enormous productivity increases, especially in services, which are almost three quarters of our economy.

To: IceShark who wrote (54993)	1/8/2001 12:11:32 AM
From: Ilaine	Read Replies (1) \| Respond to of 436258

You Minnesota guys think you are tough - it's minus 95 Farenheit (minus 70 Celsius) in Siberia now. >>Russians freeze in -70C Moscow: Much of Russia spent Orthodox Christmas yesterday in the grip of an Arctic cold snap that has brought the lowest temperatures in 30 years to parts of Siberia and left power services close to failure (Giles Whittell writes). A temperature of -70C, exceptional even by polar standards, was recorded last week in the Kemerovo region, 1,000 miles east of the Urals, while the industrial city of Krasnoyarsk endured its fifth consecutive day in which temperatures fell to -50C. Residents in towns along the Trans-Siberian Railway and in the Altai region to the south were urged not to go out unless absolutely necessary. In Moscow, 100 people have died, despite relatively mild weather. Such deaths are often linked to excessive drinking followed by hypothermia after a night in the snow.<< thetimes.co.uk