Historically, Americans have taken their time getting comfortable with new technology before forking over serious cash for it. When color TVs came out in the 1950s, consumers were entranced. But it took another 20 years for half of US households to ditch their B&W sets; two decades later, DVD players hit that benchmark in just six years. If you think those flatscreen HDTVs are pricey, consider this: They cost about the same, adjusted for inflation, as the first color TVs. Here’s a look back at what we’ve paid for gadget lust.
The major players in the U.S. social media world can be counted on one hand: Facebook, MySpace, Twitter, LinkedIn. Not so in China, where the country’s 300 million online users have a panoply of popular social networks to choose from–and Facebook doesn’t even crack the top 10.
Don’t get all worked up by the headline, Sinophiles. We’re talking about the 60th birthday of the founding of the People’s Republic, which Mao Zedong declared on October 1, 1949. Here’s a look at China then and now.