This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Internet Sparks Accelerated Change for Good

Stocks in this article: GOOG UNH

NEW YORK ( TheStreet) -- I have been covering the Internet for almost 30 years now, and I am constantly amazed at how people underestimate its impact.

They look at the social changes created by the Internet, at the business churn, at the legal challenges and the threats they perceive to come from human connections, and they forget the essence of what this medium is about.

It's about accelerating the pace of discovery.

Back when I started as a tech reporter, the science fiction author Jerry Pournelle predicted, in some wonderment, that by the year 2000 you would be able to find the answer to just about any question instantly.

In an age of Google (GOOG) and Wikipedia that doesn't sound far-fetched, does it? Yet, in 1985 there was an audible gasp when Pournelle said this.


The rise of cloud computing has caused yet another acceleration. Researchers can now get their calculations done within minutes, and at low cost. They can collaborate with other researchers around the world as though they were across the hall. The great research labs of the world are slowly becoming one big research lab, and the pace of discovery is accelerating yet again.

That's imortant, because we need that to happen. An aging population, a warming planet, and the greatest mass extinction since the dinosaurs are today's day-to-day reality. Because of these new resources, answers are coming thick and fast.

Consider the problem of health. A unit of UnitedHealth (UNH) recently worked on a report for the Society of Actuaries predicting health reform is going to bankrupt the country, raising the cost of individual health policies by a third.

It's as though they had never heard of prevention. Prevention does lower costs and the rate of medical inflation has been declining in the last few years as more preventive work is done and more data are collected -- just as the cost of car repair goes down when you do the recommended maintenance.

Plus, we're getting breakthroughs like this, a simple blood testing lab that can be implanted under the skin, detecting changes in chemicals like troponin that are released hours before a heart attack, and that can also make chemotherapy more personalized. It can be made for less than a dollar.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs