INTERNET TRAFFIC, BUSINESS SOARING.Byline: Ted Bridis Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Traffic on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the is doubling every 100 days, the government said Wednesday Wednesday: see week. in the latest snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated. of the exploding information technology industry. Business use is growing fastest, but as many as 62 million Americans are now using the worldwide network and are even getting comfortable making credit card purchases. The Commerce Department said 10 million people across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada made purchases - from airline tickets to books to automobiles - on the World Wide Web by the end of 1997, up from 7.4 million people six months earlier. It said business-to-business purchases, such as the wholesale purchase of supplies, could reach $300 billion by 2002 and routinely save some of America's largest companies hundreds of millions of dollars by lowering their costs and reducing inventories. ``What is the report telling us? That the digital economy is alive and well and growing,'' Commerce Secretary William M. Daley said. But the department cautioned that consumers ``must be more comfortable that credit card and personal information given online will not be tampered with, stolen or misused'' before the potential of digital commerce is realized. Some customers who already have made purchases say they aren't particularly worried about the chance for credit theft. Edith Sorenson of Houston said she often buys books and makes travel arrangements, but generally only from established Web sites she's familiar with. ``I usually feel pretty comfortable with it,'' Sorenson said. ``I'm a terrible shopper, anyway. I hate to leave my house. And with books - it takes like three or four days to get here. (Brick-and-mortar) book stores are badly stocked.'' ``I bought a cigar humidor hu·mi·dor n. A container designed for storing cigars or other tobacco products at a constant level of humidity. [From humid (on the model of cuspidor).] on the Internet and a print of a picture I saw at a museum, and in both cases I used my credit card,'' said Peter Lucht of Washington, D.C. ``I felt as comfortable doing that as I do giving it over the phone, maybe even more because of the encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. technology (retailers) say they're using.'' Other key findings of the report: The Internet is growing faster than all other technologies that have preceded it. Radio existed for 38 years before it had 50 million listeners, and television took 13 years to reach that mark. The Internet crossed the line in just four years. In 1994, a mere 3 million people were connected to the Internet. By the end of last year, more than 100 million worldwide were using it, including 62 million Americans. Other estimates have put that number slightly lower, at 49 million Americans. The information technology industry is growing twice as fast as the overall economy. Without information technology, inflation in 1997 would have been 3.1 percent, more than a full percentage point higher than the 2 percent it was. Workers in the information technology industry earn an average of almost $46,000 annually, compared to an average of $28,000 in the private sector. Workers in the software and service industries are the highest wage earners, at almost $56,000 annually. ``Information technology is truly driving the U.S. economy - more than previous estimates had revealed,'' said Rhett Dawson, president of the Information Technology Industry Council, a Washington-based trade group of U.S. information technology companies. The report recommended that governments stay out of the growing industry, saying electronic commerce shouldn't be ``burdened with extensive regulation, taxation or censorship censorship, official prohibition or restriction of any type of expression believed to threaten the political, social, or moral order. It may be imposed by governmental authority, local or national, by a religious body, or occasionally by a powerful private group. .'' Government instead should help provide legal frameworks for business on the Internet, and rules should result from ``private collective action, not government regulation'' whenever possible, the report said. Last month, the National Governors Association and local officials endorsed legislation by Rep (programming) REP - A directive used in IBM object code card decks (and later PTF Tapes) to REPlace fragments of already assembled or compiled object code prior to link edit. . Christopher Cox, R-Newport Beach, to impose a three-year moratorium A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. on new Internet See Web 2.0 and Internet2. taxes. President Clinton also support the bill, which is pending in Congress. |
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