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...federal government can run deficits, but that doesn't mean it's a good idea. When the national debt is rising, the long-term financial outlook seems more uncertain and banks keep interest rates high, no matter how much Alan Greenspan cuts the prime rate. During the 1991-92 recession, the Federal Reserve cut the prime rate and bank rates barely budged. That kept the economy in low gear. Now the economy is in a recession again, and in one year the federal government has gone from endless surpluses to a return to deficits. There...

Author: /time Magazine | Title: What Jeb Envies About George | 1/25/2002 | See Source »

...Alan Greenspan gave stocks a nice little boost Thursday morning, telling the Senate Budget Committee in prepared remarks that recessionary forces are "starting to diminish" and "activity is beginning to firm," and thus giving the recovery, however nascent it may be, the imprimatur of the Federal Reserve. Techs like chips and cell phones are percolating again. And with Amazon.com, one of the first (and one of the last) of the great dot-coms, finally notching a quarterly profit Tuesday the old-fashioned way - dollar by hardscrabble dollar - and the New Economy may have a second spiritual wind and a resurrected...

Author: /time Magazine | Title: The Enron Effect | 1/24/2002 | See Source »

Answer: Great Britain. Small wonder something this eccentric would come from the land of William Blake, the mystic poet and proto-comix artist, and Alan Moore, the mystic contempo-comix writer. Appearing mostly in the British small press (i.e. photocopied) scene, "Abe" gathers together almost fifty short pieces that have appeared over the last fifteen years. They all star Abe Rat, an ironically cruel name for a nebbishy character who mostly just wants to figure out what makes him happy...

Author: /time Magazine | Title: Keeping it Quiet | 1/15/2002 | See Source »

...when Enron needed rescuing as it began to collapse under its own debt and mismanagement? Again, if the Bush Administration is telling the truth, all those phone numbers - Paul O'Neill's, Don Evans', Alan Greenspan's - turned up absolutely nothing in the way of help. As Evans reportedly told Bush a few weeks ago: "I got a call from Ken too. He was asking me to help, but I didn't." Sunday, Evans told "Meet the Press": If I had stepped in, I think it would have been an egregious abuse of the office of secretary of commerce...

Author: /time Magazine | Title: For Enron, Washington May Have Been a Bad Investment | 1/15/2002 | See Source »

...Alan J. Stone, the University’s vice president for government, community and public affairs, said professors are free to support whichever political candidates they like...

Author: By Robert M. Annis, CRIMSON STAFF WRITER | Title: Ogletree Defends West’s Political Involvement | 1/11/2002 | See Source »

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