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...last line of defense for the U.S. economy is the Federal Reserve, which has the power to cut interest rates if the expansion falters. But Fed Chairman Alan Greenspan, who warned of "irrational exuberance" in stock prices as far back as December 1996, remains more concerned about the threat of inflation than about the danger of a recession or a market collapse. Just last month Greenspan warned that plunging exports to Asia had done little to ease a growing U.S. labor shortage...

Author: /time Magazine | Title: Can We Bear To Keep Buying? | 8/17/1998 | See Source »

...Glenn is manifestly unfit for space travel of any kind. Flying into orbit more than a third of a century after he last made the trip, more than a dozen years after most people his age have begun retiring, and only months after the death of fellow Mercury astronaut Alan Shepard illustrated the frailties of even the most resilient flesh, is, they argue, at best showboating and at worst reckless...

Author: /time Magazine | Title: John Glenn: Back To The Future | 8/17/1998 | See Source »

...revived some of the keen attention people gave the space effort in the early 1960s. However entertaining it was to watch the cute little robot strut its stuff, it would always be the person in space who enthralled the public heart. All the old images that came back with Alan Shepard's death a few weeks ago--the splashdown, the A-O.K.s, the Michelin tire man's space suits--connected to our favorite machines: ourselves...

Author: /time Magazine | Title: John Glenn: A Realm Where Age Doesn't Count | 8/17/1998 | See Source »

Last year, Alan Cowey and his colleagues atOxford identified an area in the macaque justbehind V4 that seemed to be responsible for colorvision...

Author: NO WRITER ATTRIBUTED | Title: Researchers Identify New Region of Brain | 8/14/1998 | See Source »

...news of the death of astronaut Alan Shepard, the first American in space, arrived at the same time last week as a report that scientists in Hawaii have cloned 50 mice...

Author: /time Magazine | Title: The Moon and the Clones | 8/3/1998 | See Source »

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