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Only a slip back into recession--the dreaded double dip--could take stocks much lower, says Straszheim. For that reason, he and others worry about the latest tea-leaf readings. Gross domestic product grew at an annual rate of just 1% in the second quarter, down from a 5% clip in the first quarter. And the recovery in manufacturing appears to be slowing. Such worries helped erase part of the market's recent gains, as the Dow fell 230 points on Thursday and an additional 193 points on Friday...

Author: /time Magazine | Title: Sunken Treasure? | 8/12/2002 | See Source »

...yield fatter profits for grocers and producers. And a parade of food scares--mad-cow disease, hormones and antibiotics in meat and milk, pesticides in produce, genetically altered "Frankenfoods"--is propelling more shoppers to go organic. Result: sales of natural and organic foods are growing at an 18% annual clip and are projected to surpass $17 billion this year...

Author: /time Magazine | Title: Organic Growth | 8/12/2002 | See Source »

...true that home values have been rising faster than family income for years, a trend that can't last. Since 1990, family income has grown 3.8% a year while home prices have risen at a 4.5% clip. The median home now sells for 2.8 times the median family income--up from 2.6 in 1990. But this ratio has historically ranged from 2.5 to 3, so the current reading puts housing squarely in the fair-value zone...

Author: /time Magazine | Title: What Bubble? | 8/5/2002 | See Source »

...like many a smart, superficial journalist, News gets its details right while muffing the intangibles that add up to larger truth. The show's ethical dilemmas are genuine but predictable. (Should we report politicians' affairs? Hound grieving widows? Cover African news?) And the show is a clip reel of white-collar-drama cliches: the tracking shots of newsies speed walking down hallways to show how goldarned busy they are, the family man torn between home and office, the single woman married to her career whose eggs you can all but hear expiring one by one. The most intriguing character...

Author: /time Magazine | Title: Television: They Report, You Decide | 7/29/2002 | See Source »

...Bollywood has eyes to conquer the firangis--Hindi for "foreigners." U.S. viewers know Bollywood secondhand from Moulin Rouge (the production number with the elephant), Ghost World (that goofy disco clip, from the 1965 film Gumnaam) and the art-house hit Monsoon Wedding (the dance that brings a fractious family together). Bombay Dreams, the Bollywood-themed West End musical with an irresistible crossover score by top Indian composer A R Rahman, is headed to Broadway. But can the real thing make it here? Can Americans open up to the baroque beatitudes of Bollywood cinema...

Author: /time Magazine | Title: Going Bollywood | 7/22/2002 | See Source »

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