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The Fifth Wave of th |
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| The global availability of capital is converging with a number of other trends to pave the way for the final and most important phase of the information revolution. Every technological revolution goes through a series of waves or stages of creative destruction. This is as true for today��셲 computer-based revolution as it was for those based on the steam engine, or the automobile. |
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Global Cash Surplus |
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| As we��셶e forecasted previously in Trends, the prices of higher-end homes, which cost $1 million and up, have softened in recent months. But overall, U.S. housing prices have continued to rise, climbing 14.5 percent in the year ending June 30, 2005. That��셲 the fastest annual pace in 25 years. |
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China Is Going on a |
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| Earlier this summer, the China National Offshore Oil Corporation, known as CNOOC, made a cash offer of $18.5 billion to buy Unocal. It was a friendly offer, and since 70 percent of Unocal��셲 reserves are near Asian markets where CNOOC operates, it seemed to make sense to the company, which is owned by the Chinese government. |
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The Balance of Adver |
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| The advent of pay TV, on-demand TV, IPTV, TiVo, and all the other technologies that are changing the entertainment and informational landscape has led to many dire predictions about the impending demise of television advertising. However, the reality so far is much less traumatic: |
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Oil Speculators Fina |
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| In March 2005, Goldman Sachs warned that the oil market was in the early stages of a ��쐓uper spike,��� and predicted that oil prices could soon rise to $105 a barrel.1 At the time, the price of a barrel of oil stood at $57. |
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