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...close at 5,464.18 in response to Greenspan's testimony. "Greenspan is very sensitive to what has happened the last few days on Wall Street and recent economic reports that led him to believe that the economy is not growing as fast as it had been," TIME's Bernard Baumohl reports. "It seems like the Fed now may not raise interest rates in August because inflation remains dormant. It doesn't mean he won't raise rates in the future, but he hasn't seen enough evidence of inflationary pressure building to raise interest rates." The Fed is predicting...

Author: /time Magazine | Title: Dow Bullish On Greenspan | 7/19/1996 | See Source »

...close at 5,464.18 in response to Greenspan's testimony. "Greenspan is very sensitive to what has happened the last few days on Wall Street and recent economic reports that led him to believe that the economy is not growing as fast as it had been," TIME's Bernard Baumohl reports. "It seems like the Fed now may not raise interest rates in August because inflation remains dormant. It doesn't mean he won't raise rates in the future, but he hasn't seen enough evidence of inflationary pressure building to raise interest rates." The Fed is predicting...

Author: /time Magazine | Title: Dow Bullish On Greenspan | 7/18/1996 | See Source »

...Trainspotting team has three scions of earlier film generations. Jonny Lee Miller, who as Sick Boy obsesses over the career of Sean Connery, is the son of actor Bernard Lee--"M" in 11 Bond films. Producer Andrew MacDonald is the grandson of auteur Emeric Pressburger (The Red Shoes). And McGregor is the nephew of Denis Lawson, a deliciously droll, comic actor in Scottish movies (Local Hero) and West End musicals (Mr. Cinders). Young Ewan, the son of teachers, got the itch to act from Lawson. "I was brought up in Crieff, a small, conservative town," McGregor says...

Author: /time Magazine | Title: CINEMA: THE NEXT BRIT BRIGHT STAR | 7/15/1996 | See Source »

...professional fights at Madison Square Garden. The bout turned ugly in the seventh round, when referee Wayne Kelly disqualified Golota, a heavy underdog who was clearly winning the fight, for repeated low blows. As Golota dejectedly walked back to his corner, handlers and hangers on overflowed the ring. Bernard Brooks Sr., a confidant of Bowe, shoved Golota from behind and then slapped him on the face. After Golota retaliated with a left, another unidentified Bowe camp member repeatedly slammed Golota in the back of the head with a walkie-talkie, opening a bloody gash. The brawl then spilled into...

Author: /time Magazine | Title: Bout Turns Into Riot | 7/12/1996 | See Source »

...Reported by Bernard Baumohl/New York and James L. Graff/Chicago

Author: /time Magazine | Title: DEADBEAT AND UPBEAT | 7/8/1996 | See Source »

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