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...companies across the globe to shop, work and play at Internet speed. In New York City, for example, travel agencies routinely farm out chores like updating frequent-flyer miles to online boutiques as far away as India. "All our activities from consumption to production are unalterably changed," says Allen Sinai, chief global economist for Primark Decision Economics. "In that sense, the New Economy is for real, and it's here forever...

Author: /time Magazine | Title: Is The New Economy Dead? | 10/23/2000 | See Source »

WARREN BUFFETT The Berkshire Hathaway guru prefers companies like Wrigley's because the Internet won't "change how people chew gum." Currently down only $4 billion. WAS WORTH: $32 billion in 1999 NOW WORTH: $27.6 billion PAUL ALLEN Microsoft co-founder quits board of directors last month to focus on Web ventures, some of which Pop.com WebHouse) have been real duds. WAS WORTH: $22.4 billion in December in Microsoft stock NOW WORTH: $12.4 billion...

Author: /time Magazine | Title: How Much Did They Lose? | 10/23/2000 | See Source »

...political center. Now, at 61, he's one of the Senate's most endangered incumbents, running a campaign in which he seems to have the bearing of a Senator but not the substance. Polls have him running anywhere from 3 to 10 points behind his Republican challenger, George Allen, son of a former Washington Redskins coach and, like Robb, a former Virginia Governor. Eager not to abandon one of the party's better-known names, the Democratic Senatorial Campaign Committee has been spending freely in recent months to keep Robb afloat. As Senate minority leader Tom Daschle...

Author: /time Magazine | Title: Virginia: A Noted Name Under Assault | 10/23/2000 | See Source »

...question is, Just what does Robb want to do? In two recent debates, he was quick to debunk his opponent's policy ideas but suggested few of his own. And Allen has relentlessly exploited Robb's somewhat aimless campaign. The 48-year-old challenger says Robb is out of touch with "Virginia values," meaning the antitax, socially conservative beliefs Allen happily epitomizes. Allen has also promised that as Senator, he would introduce a $1,000-to-$2,000 "education tax credit" bill to help parents buy computers and school supplies, even if their kids attend private schools, which would make...

Author: /time Magazine | Title: Virginia: A Noted Name Under Assault | 10/23/2000 | See Source »

...When mainstream Hollywood films explore hot topics they tend to do so in capital letters: INTERRACIAL SEX, THE DEATH PENALTY, LESBIANS. The characters become symbols, the plot grinds along, and, at some point, Joan Allen gets to deliver a speech - with swelling strings in the background - that can be neatly clipped and shown again on Oscar night. "Chutney Popcorn," an independent, low-budget affair, presents real people experiencing hot-button issues and not speechifying about them...

Author: /time Magazine | Title: Sweet and Salty | 10/20/2000 | See Source »

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