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...didn't warn you. For months, Federal Reserve Chairman Alan Greenspan has hinted that he would lift interest rates to head off inflation. Yields on Treasury bonds have been rising in anticipation that he'll pull the trigger on March 25 when the Fed Board meets. Higher rates are bad for the stock market but even worse for consumers. Even a quarter-point hike will hurt. Some 60 million households have "revolving" credit-card debt averaging more than $6,000, at an interest rate of about 17%. An uptick would add nearly a billion dollars in interest expenses. And those...

Author: /time Magazine | Title: BIZWATCH: Mar 17, 1997 | 3/17/1997 | See Source »

...July 23, 1995, Alan Hale, who has a Ph.D. in astronomy and makes his living running a research and educational company, was scanning the skies above his home in Cloudcroft, New Mexico. He was waiting for an already discovered comet to rise over his house when he trained his telescope on M70, a well-known cluster of stars in the constellation Sagittarius. "As soon as I looked," he says, "I saw a fuzzy object nearby. It was strange, because I'd looked at M70 a couple of weeks earlier and the object hadn't been there...

Author: /time Magazine | Title: COMET OF THE DECADE, PART II | 3/17/1997 | See Source »

...Alan Hale calls these waves of fear and mysticism "comet madness," and as co-discoverer of Comet Hale-Bopp, he's seen more than his share. Ever since his find was announced, he has been inundated with inquiries, pronouncements and accusations from the cometary fringe...

Author: /time Magazine | Title: CRAZY ABOUT COMETS | 3/17/1997 | See Source »

...Alan M. Dershowitz, Frankfurter professor of law, warned of the dangers of assimilation and integration to Jewish identity in a speech at the Graduate School of Education last night...

Author: By Carlos A. Monje jr., | Title: Dershowitz Speaks at Ed School | 3/14/1997 | See Source »

...money will fund the construction of an addition linking the Mallinckrodt and Converse Laboratories. According to Alan K. Long, director of labs for the departments of chemistry and Earth and planetary sciences, planning will begin immediately for the new building, which will contain labs, offices, common rooms and instrument facilities...

Author: By Ariel R. Frank, | Title: Japanese CEO's $8 Million Gift Funds Building | 3/8/1997 | See Source »

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