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...Consumers have been keeping this economy out of the depths all year - their virtual disappearance in the week or two after Sept. 11 has sent the whole thing tumbling toward the abyss. And Greenspan knows that while his cuts so far haven?t helped discernibly, they haven?t hurt either - if only because after 14 years at the helm, the sight of a fighting Fed has considerable power to comfort businesses and consumers alike...

Author: /time Magazine | Title: Once More Into the Breach | 10/2/2001 | See Source »

...under its own inertia. Nash, a sci-fi comedy featuring Murphy as a lunar-nightclub owner, wrapped a year ago, and was originally scheduled for an April 6 release by Warner Bros.' Castle Rock division. Then it was bumped to the fall. Now it's consigned to the wintry abyss of Jan. 18. Maybe. Producer Martin Bregman (The Bone Collector), who's had Nash in development for 20 years, blames the delay on getting the special effects right, but an early screening in January made it clear that reshoots wouldn't be a bad idea. Spoiler website Ain'tItCoolNews slammed...

Author: /time Magazine | Title: In Space, No One Can Hear You Yawn | 9/3/2001 | See Source »

Hong kong film people have a well-earned rep as the hardest workers in show biz. In the mid-'80s Chow Yun-fat made a dozen pictures a year. But now that the local industry is crawling out of a post-'97 abyss, in which Hollywood films ruled while the home team slumped, it's almost unfair that one man should be hogging the box-office receipts and the critical laurels...

Author: /time Magazine | Title: Fulltime Filmmaker | 9/3/2001 | See Source »

...economy already teetering on the edge of the recessionary abyss, that?s like handing it an anvil. If consumer spending finally collapses, you can bet the sound will be heard by the business side of the economy - and neither manufacturing nor capital investment (they?re closely related) will start up again in a consumer-demand vacuum...

Author: /time Magazine | Title: Is the Slowdown About to Hit Home? | 8/15/2001 | See Source »

Each incremental raising of the ante may not look like much in itself, but taken cumulatively the pattern is unmistakable: No longer bound by a peace process, Israel and the Palestinians have jumped into the abyss. Israeli tanks and troops were poised to move into Palestinian-controlled villages near Bethlehem late Tuesday, following the incursion earlier in the day into the West Bank town of Jenin, where some 70 Israeli tanks destroyed a Palestinian police station. Israeli forces also seized three houses in the PA-controlled village of Beit Jallah to counter gunfire on an adjacent Israeli neighborhood. And last...

Author: /time Magazine | Title: Middle East: Into the Abyss? | 8/14/2001 | See Source »

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