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...rate that commercial banks charge one another for overnight loans at 5.5 percent. A rate hike would have meant higher borrowing costs for millions of credit card-wielding Americans, but would also have slowed the economy and dampened inflation. Characteristically refusing to comment on the decision, Fed chairman Alan Greenspan and his colleagues left Wall Street economists to speculate over their reasoning. Analysts had expected at least a slight increase because the economy expanded at a rapid 5.6 percent annual rate in the first quarter, the best in 10 years. But several other reports released in recent weeks indicated that...

Author: /time Magazine | Title: Fed Checks | 5/20/1997 | See Source »

Although police inspector Javert (Todd Alan Johnson) is hot on his trail, Valjean stays with the dying Fantine in the hospital and decides to adopt her child as his own, rescuing the young Cosette (Danielle Raniere) from the clutches of the evil, greedy Thenardiers (J.P. Dougherty and Tregoeny Sheperd). Ten years later in Paris, a grown Cosette (Kate Fisher) falls in love with the student Marius (Rich Affannato), whom the Thenardiers' daughter eponine (Rona Figueroa) also secretly loves. Meanwhile, all Paris is one the brink of revolution, which breaks out with appropriate passion in Act II, bringing all the characters...

Author: By Sarah A. Rodriguez, | Title: 'Les Miserables': Still Amazing After All These Years | 5/16/1997 | See Source »

...YORK CITY: Industry analysts and journalists alike came up with very different interpretations of Alan Greenspan's Thursday speech on the state of the economy. "Greenspan Hints Fed Will Let Rates Stand" was the headline in Friday's Washington Post, while USA Today preferred "Greenspan Hints at New Rate Increase." The New York Times went with a literal "Greenspan Defends Fed's Rate Policy." Meanwhile, bond traders hit the phones with sell orders, betting that a May 20th rise in interest rates was in the cards. Friday, by the time stock markets opened, investors were following the Post's view...

Author: /time Magazine | Title: Firmly Unsure | 5/9/1997 | See Source »

...brainwashing to which we refer is the clannish, us-against-them mentality Hepps embraces. Witness her view of gentiles who would marry Jews: "How can [Alan] Dershowitz dare ask Jews to welcome those who are contributing...to their destruction?" If Hepps is so opposed to welcoming non-Jews, one can only imagine (and cringe at) the approach she would favor. At worst, Jews would teach their children that only other Jews are worthy of their love, respect, and admiration--that people who are different are unacceptable and must be excluded. Hepps's views could easily incite the kind of ignorant...

Author: By John Bronsteen and Scott A. Chesin | Title: Hepps Shares Ideals With Racists | 5/7/1997 | See Source »

Cabot Profesor of American literature Alan E. Heimert, Senior Preceptor in Visual and Enivormnental Studies (VES) Robb Moss, and Cabot House resident tutor Matt Lieberman were all honored by their students at the banquet, which was held in the Eliot House dining hall...

Author: By Nicholas K. Mitrokostas, | Title: Three Awarded 15th Annual Levenson Prize | 5/7/1997 | See Source »

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