Not through bribes or political action committees or anything like that. We buy it by paying taxes and complying with the laws. But when shopping in one government's mall gets too expensive or inconvenient, we shop in another's. So the old political carnival, filled as it is with freaks and geeks, may soon be over. The old game of big promises on election day, soon forgotten in the enjoyment of power, is diminishing.
Citizens now vote continually, with London, Bonn and Tokyo on the ballot, too.
Typically tech stock prices decline substantially during the summer months. Six of the seven last years, technology stocks have been weak around that time period. Chip stocks are starting their summer swoon. Looking at technology stocks in the Montgomery Securities growth-stock index, June 1995 emerges as the only recent summer month that didn't follow the trend. That was when Microsoft was getting ready to unveil Windows 95, and Intel was readying its Pentium chip.