ad info




TIME Asia
TIME Asia Home
Current Issue
Magazine Archive
Asia Buzz
Travel Watch
Web Features
  Entertainment
  Photo Essays

Subscribe to TIME
Customer Services
About Us
Write to TIME Asia

TIME.com
TIME Canada
TIME Europe
TIME Pacific
TIME Digital
Asiaweek
Latest CNN News

Young China
Olympics 2000
On The Road

 ASIAWEEK.COM
 CNN.COM
  east asia
  southeast asia
  south asia
  central asia
  australasia
 BUSINESS
 SPORTS
 SHOWBIZ
 ASIA WEATHER
 ASIA TRAVEL


Other News
From TIME Asia

Culture on Demand: Black is Beautiful
The American Express black card is the ultimate status symbol

Asia Buzz: Should the Net Be Free?
Web heads want it all -- for nothing

JAPAN: Failed Revolution
Prime Minister Yoshiro Mori clings to power as dissidents in his party finally decide not to back a no-confidence motion

Cover: Endgame?
After Florida's controversial ballot recount, Bush holds a 537-vote lead in the state, which could give him the election

TIME Digest
FORTUNE.com
FORTUNE China
MONEY.com

TIME Asia Services
Subscribe
Subscribe to TIME! Get up to 3 MONTHS FREE!

Bookmark TIME
TIME Media Kit
Recent awards

TIME Asia Asiaweek Asia Now TIME Asia story

OCTOBER 30, 2000 VOL. 156 NO. 17


Visit TIME.com/innovators
Innovators: Money and Finance
Wheels of fortune
By CHARLES P. ALEXANDER

For more than a century the heart of the financial world was a physical place called Wall Street, where slips of paper littered the floors and shouted bids to buy and sell filled the overheated air. And the most famous repository of wealth was Fort Knox, where soldiers guarded mounds of gold bars deep inside Kentucky's rolling hill country.

Wall Street and Fort Knox are still there, of course, but their mystique is fading fast. Not even James Bond's nemesis Auric Goldfinger would try to rob the fort anymore; bullion is in a two-decade-long slump. Nowadays, real money doesn't glitter or clink. It blinks across the world's computer screens. More wealth is created—or destroyed—in an instant than J.P. Morgan could have comprehended. Net-savvy investors are reaping the rewards and assuming the risks of controlling their financial destiny.

In this month's installment of our series on Innovators, you'll meet out-of-the-box thinkers building a new financial order that empowers individuals. They include a former medical student who's bringing venture capital to the masses, a maverick who's creating an automated stock exchange and a tech maven who thinks you should carry smart cards instead of currency. The society these folks are fashioning may be cashless, but it will be rich beyond Goldfinger's fantasies.

Go to TIME.com's Innovators site

Write to TIME at mail@web.timeasia.com

This edition's table of contents
TIME Asia home


AsiaNow


Quick Scroll: More stories from TIME, Asiaweek and CNN

   LATEST HEADLINES:

WASHINGTON
U.S. secretary of state says China should be 'tolerant'

MANILA
Philippine government denies Estrada's claim to presidency

ALLAHABAD
Faith, madness, magic mix at sacred Hindu festival

COLOMBO
Land mine explosion kills 11 Sri Lankan soldiers

TOKYO
Japan claims StarLink found in U.S. corn sample

BANGKOK
Thai party announces first coalition partner



TIME:

COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state



ASIAWEEK:

COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness


Launch CNN's Desktop Ticker and get the latest news, delivered right on your desktop!

Today on CNN
 Search

Back to the top   © 2000 Time Inc. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.