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Glassman and Hassett are a different breed. They predict that the Dow will go to 36,000 in short order, gaining something like 35% a year for the next four years. Now there's a thin bough. They believe investors are revaluing stocks to a permanently higher plateau. It's a fun argument but boils down to familiar ground: diversified portfolios are superior and safe if held for long periods. A growing awareness of that idea is bringing more investors into the market at ever higher prices, inflating the average stock's price-to-earnings multiple from...

Author: /time Magazine | Title: Dow 1,000,000 | 10/11/1999 | See Source »

...This new breed of auditor must be ready to tackle a wide range of topics. Are oil companies on schedule for cutting emissions of greenhouse gases, for example, or eliminating the disposal of natural gas by flaring? Do companies operating in countries where the ancient practice of baksheesh remains an accepted business method adhere to a zero-tolerance of bribery? Do manufacturers or retailers that receive supplies and goods from developing countries guard against child and slave labor? Are companies achieving goals aimed at employing more women and minorities...

Author: /time Magazine | Title: Called To Account | 10/4/1999 | See Source »

...These, at least, are sincere men (with judgment pending on the apolitical Trump), and they all fill what for Ventura is a necessary bill for the party: They're a breed apart. Buchanan, for all his posturing, is a political animal, a politician's politician. He happens to be a grassroots rabble-rouser because it keeps him on TV and sells books, and because no one else much wants to be one. He has the give-'em-hell attitude to excite the Reform party's lunatic fringe, and comes with his own built-in constituency ? a rabid band of anti...

Author: /time Magazine | Title: Why the Reform Party Shouldn't Confuse Reform with Radicalism | 9/21/1999 | See Source »

...first two books, but this time Harry may be overmatched. The Azkaban prison guards, horrid hooded apparitions called dementors, have been summoned to Hogwarts to protect Harry, but he keeps fainting whenever a dementor comes near him. A sympathetic professor tells Harry why dementors merit fear: "They breed in the darkest, filthiest places, they create decay and despair, they drain peace, hope and happiness out of any human who comes too close to them... Even Muggles feel their presence, though they can't see them. Get too near a dementor and every good feeling, every happy memory will be sucked...

Author: /time Magazine | Title: Books: Wild About Harry Potter | 9/20/1999 | See Source »

CmdrTaco loves the fast-chip story. Someone submitted the tip anonymously in the form of a link to a story about a new breed of microprocessors at a gaming site called FiringSquad. "An engineering sample of a 600-Mhz processor," says the Commander, reading. "Cool...

Author: /time Magazine | Title: Nerds for News | 9/2/1999 | See Source »

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