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...biggest winners in all this could be the U.S. investor who bets on the euro's boost to European growth. "For the American investor," says J. Paul Horne, equity-market economist with Salomon Smith Barney in London, "the euro zone will be one of the few places in the world with risk comparable to that in the U.S. and with the kinds of structural changes that we saw in the U.S. over the past five years: balanced budgets, increased competitiveness, productivity gains...

Author: /time Magazine | Title: Betting on The New Euro | 11/9/1998 | See Source »

Three days after Shepard died, a crowd of around 5,000 gathered in the night on the steps of the Capitol in Washington, in a candlelight vigil that struggled to make another argument and extract another message from his death. Ellen DeGeneres, Ted Kennedy and Barney Frank, the openly gay Massachusetts Congressman--all the expected speakers took the microphone. What was less expected was the sheer turnout of lawmakers at a moment when Congress was embroiled in the crazy closing hours of the budget deal. So many members showed up to voice their grief and anger that House minority leader...

Author: /time Magazine | Title: The New Gay Struggle | 10/26/1998 | See Source »

...rise and fall about twice as fast as regular T-bonds. Zeros, up 9.3% in the third quarter, aren't as exotic as they sound. You may know them as TIGERS (Treasury income growth receipts) from Merrill Lynch or CATS (certificates of accrual on Treasury securities) from Salomon Smith Barney. Basically, a zero is a bond that pays no current interest and is sold at a deep discount to its face value. The interest payments are built into the price at which the holder redeems the bond when it matures in five to 30 years. Zeros are easily obtained through...

Author: /time Magazine | Title: Psst...Buy Bonds | 10/19/1998 | See Source »

Democrats and the White House want to haul Kenneth Starr in for some grilling about his ties to conservative organizations and to lawyers who worked for Paula Jones--what committee member Barney Frank calls "the whole three-cornered relationship." Republicans, for their part, want Bruce Lindsey, the elusive keeper of the President's secrets, to appear. But there's no consensus on whether Clinton the witness would benefit one side or the other. And that issue is probably moot since the chance is slim he'll raise his hand and swear an oath before a committee of mostly junior Congressmen...

Author: /time Magazine | Title: Next Up: The Touchy Subjects | 10/19/1998 | See Source »

Representative Barney Frank '61 (D-Mass.) spoke about impeachment, the influence of the right wing, the importance of voting, and gay rights to a crowd of about 150 students at Harvard Law School's Austin Hall yesterday afternoon...

Author: By Robert K. Silverman, CONTRIBUTING WRITER | Title: Barney Frank Speaks at HLS | 10/16/1998 | See Source »

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