Letter From the Editor

DEPARTMENTS

The New Economy: Less Is More

By David Rivers

Sun Microsystems CEO Scott McNealy refers to current market conditions as the perfect storm. That reference, which underlines the convergence of several negative factors, probably isn’t a bad analogy for our current state of affairs.

After all, the dramatic market devaluation, volatility and sharp decline in trading volume have resulted in something of a financial tsunami. That in turn has resulted in the very response a perfect storm would inspire

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