Another year, and January dawns foggy, gray and drizzly. The rebound we enjoyed (did we really enjoy it?) was about as fast as that blackbird that zips by and disappears into the mists.
Our page 14 headline reads, "Next slump milder." (A colleague saw it and remarked, "You're not doing anything for my confidence.") The Semiconductor Industry Association sees a flat '05. The dollar continues to weaken, the Fed's nudging rates higher, and Social Security and Medicare are ticking time bombs.
Chaos continues on the eve of the Iraqi elections. More than 150,000 people have been killed in one of the worst natural disasters in recorded history.
2005 shaping up to be a good year? Well, yes.
Venture capital has stiffened its spine, and that's helping startups here and abroad bring great new technologies to market. The gains being made on the materials and process fronts are astonishing. The regional dispatches in our Outlook2005 report show that 90 nm is now considered the baseline technology in most corners of the world. That was inconceivable as recently as two years ago.
Doctors once removed a tumor from the back of my father's brain. Hours later, he was shuffling along outside his hospital room, trying to get going again.
That's what innovators do every day: No matter what the papers scream or CNN blares, they put one foot in front of the other, their face to the wind, and head out into the world.
It's the reason 2005 is shaping up to be a good year.
Brian Fuller is EE Times' editor in chief. He can be reached at email@example.com.