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...past 12 months, which is the greatest gain in 20 years when adjusted for inflation. The Dow is at 7756, more than doubling in three years, and corporate profits are at their highest level ever. Yet inflation is a negligible 2%, and even the dour Fed Chairman Alan Greenspan seems confident enough in the new economy to keep interest rates...

Author: /time Magazine | Title: ANDREW GROVE: MAN OF THE YEAR | 12/29/1997 | See Source »

...newlywed at the age of 71, some 44 years after his first marriage was annulled, an admirer of high tech who nonetheless drafts speeches in longhand, a Republican who gets along better with the Clinton Administration than he ever did with its G.O.P. predecessors, Alan Greenspan has long been a man of surprises. But none is more startling than his recent transformation in the public mind. Back in 1994, when he was engineering a series of interest-rate increases, the Federal Reserve chairman was regularly assailed as a zealot willing to strangle economic growth in pursuit of a chimerical goal...

Author: /time Magazine | Title: OTHERS WHO SHAPED 1997: ALAN GREENSPAN | 12/29/1997 | See Source »

...perfect. Elves, keep the presses running on those Goldilocks reprints, because I want to stuff one in every stocking as a memento of the "not-too-hot, not-too-cold" economy that has brought us rising stocks, full employment and low inflation. Incidentally, I've asked Fed chief Alan Greenspan to leave his board and join ours next year. He's a miracle worker worthy of our magical tradition. I'm studying his reply now. He says the odds are "not negligible" but that any "irrational exuberance" would be premature. I'll let you know whether that means...

Author: /time Magazine | Title: SANTA MEETS GOLDILOCKS | 12/29/1997 | See Source »

This year's list of nominees was typically eclectic. Should we honor the Scottish embryologist Ian Wilmut and his immortal cloned sheep Dolly? What about Tiger Woods' thrilling 350-yd. drives into history? Or Alan Greenspan's steady-on-the-tiller stewardship of America's ongoing economic boom? Or--of course--the life and death of Diana, Princess of Wales...

Author: /time Magazine | Title: THE MAN AND THE MAGIC | 12/29/1997 | See Source »

...April 19, 1995, at Oklahoma City, McVeigh and Nichols did, with premeditation and malice aforethought, cause the killing of the following persons engaged in the performance of official duties as law enforcement officers: Mickey Bryant Maroney, special agent, U.S. Secret Service; Donald R. Leonard, special agent, U.S. Secret Service; Alan Gerald Whicher, assistant special agent in charge, U.S. Secret Service; Cynthia Lynn Campbell-Brown Special, special agent, U.S. Secret Service; Kenneth Glenn McCullough, special agent, U.S. Drug Enforcement Administration; Paul Douglas Ice, special agent, U.S. Customs Service; Claude Arthur Medearis, special agent, U.S. Customs Service; and Paul G. Broxterman, special...

Author: /time Magazine | Title: Charges Against Terry Nichols | 12/23/1997 | See Source »

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