I discuss the motivations for, and the status of, precision calculations for
the Large Hadron Collider (LHC) and the planned International Linear Collider
(ILC).Comment: latex, uses ws-ijmpe.cls, 19 pages, 9 figures, 1 table, based on a
talk given at the symposium "50 Years of High Energy Physics at UB", to
appear in International Journal of Modern Physics