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...rapidly changing business outlook. For the first time in at least two years, members concurred, not all economic systems are go. Imbalances are showing up, notably a worsening labor shortage and excessive consumer spending; signs of renewed inflation are real; stock markets have turned turbulent, to say the least. Allen Sinai, chief global economist of Primark Decision Economics, long contended that rising productivity in the new economy enables the U.S. to enjoy noninflationary increases in production much greater than once imagined. He now concedes that this picture has been temporarily pushed aside. "For the first time in over a decade...

Author: /time Magazine | Title: And The Beat Slows Down | 6/19/2000 | See Source »

Though the odds are against it, a dollar implosion cannot be ruled out. Allen Sinai, president and chief global economist for Primark Decision Economics, a global forecasting firm, assigns it about a 30% chance. One reason is that money traders, once moved in any direction, have rarely been noted for moderation; they often push the price of any currency up or down far beyond what might be justified by economic fundamentals...

Author: /time Magazine | Title: Heavyweight Champ | 6/19/2000 | See Source »

...planes are just cars on a highway of clouds) and Armageddon (grease monkeys in outer space), all celebrate speed, combat and heavy machinery--three things that make every ride a macho adventure. A Bruckheimer movie without a car chase would be like a Woody Allen movie without whining...

Author: /time Magazine | Title: Cinema: Honk If You Love Jerry | 6/19/2000 | See Source »

...these markets were a person, they'd be Woody Allen. Upon receipt of more good news about the soft landing Tuesday from the Commerce Department - retail sales dropped 0.3 percent in May and were revised down again for April, the first consecutive drop since the summer of 1998 - investors' neuroses kicked in. Suddenly, the worry wasn't that Alan Greenspan would raise rates again at month's end. It was that he'd already gone too far. Tech selling slid the NASDAQ down on the news, and financials did the same to the Dow. Consumers, the heroes of the expansion...

Author: /time Magazine | Title: Why the NASDAQ and Dow Are Doing a Woody Allen | 6/13/2000 | See Source »

...many of whom have done little Shakespeare and less musical theater. So the Clueless Alicia Silverstone is the princess; Scream's Matthew Lillard and Face/Off's Alessandro Nivola join Branagh and the gifted Adrian Lester to complete a quartet of severely dimpled swains. The assumption--here as in Woody Allen's Everyone Says I Love You--is that singing and dancing are not so much skills as attitudes. Anyone can do it. Just open your mouth, and pick up your feet. Well, no, it ain't so. To stumble through Cheek to Cheek and Let's Face the Music...

Author: /time Magazine | Title: Cinema: Branagh Faces the Music | 6/12/2000 | See Source »

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