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...this year and 5% next. But he notes that his figures are below the lowest estimates being made by Wall Street analysts. He expects--"by the end of the summer"--a correction of 10% to 15% in today's stratospheric stock-market prices that will interrupt a long-term bull trend. Varvares is both more and less optimistic. He foresees only an 8% drop in the Dow Jones industrial average but one that will fall "on a sustained basis" through year...

Author: /time Magazine | Title: Quarterly Business Report: As Good as It Gets | 6/22/1998 | See Source »

Through maturity and Jackson's required Zen meditation sessions, Jordan has bottled his frenzy, turned it into intensity and shared it with his teammates. Ex-Bull B.J. Armstrong, whom Jordan never fully embraced, said Jordan showed him how to win. "He has passion. And you have to have that same passion, that same will, to beat him," he says. "He prepares himself in a way that no one will understand because I don't think too many people are willing to pay that price...

Author: /time Magazine | Title: Basketball: The One And Only | 6/22/1998 | See Source »

Some people love dinner-party brawls. They hope, under the influence of several glasses of wine, to score a Churchillian bull's-eye along the lines of "Yes, madam, but tomorrow I shall be sober!" It never happens...

Author: /time Magazine | Title: Monica Who? | 6/22/1998 | See Source »

...young, aspiring fund manager's dream. Early this month, mutual-fund giant Fidelity reached into obscurity and fingered Matthew Grech, 28, a semiconductor analyst, to run its faltering, $2 billion Select Electronics mutual fund. Bull-market madness? Perhaps. But if it is, Fidelity is not alone. With record amounts of capital flowing in ($30 billion just last month), mutual-fund firms are hunting for fresh talent in novel places--not quite kindergarten, but not very far removed from school...

Author: /time Magazine | Title: The Wage of Innocence | 6/22/1998 | See Source »

...Badlands (1973). Terence Malick's teenagers-in-love-turn-killers-on-the-road movie, which inspired a thousand imitators. The unheralded gem of American cinema. Raging Bull (1980). The finest sports movie ever made, with grit courtesy of Marty. Citizen Kane (1941). Orson Welles' masterwork remains the ur-text of film schools worldwide because it blew wide open the envelope of cinematic possiblity. Mean Streets (1973). The gritty realism of Scorsese's breakthrough movie began the stylish exploration of the low-rent wiseguy that he completed in "Goodfellas." The Manchurian Candidate (1962). The finest American political film ever goes deep...

Author: /time Magazine | Title: A Gathering of Potatoes | 6/19/1998 | See Source »

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