Word: columnists
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...fooled by the rally. The market came nowhere near to rectifying Tuesday's losses, and the overall trend is down. "People haven't made money in the market for four or five months," says TIME's Wall Street columnist Daniel Kadlec. "The average stock is down 25 percent since the year's high. Smaller stocks are down 40 percent. This is a real correction, whether the Dow trips 10 percent...
...staggering slide of almost 300 points. But this time, take notice: It's Wall Street's way of saying that a recession may be on the way. "Recessions are hard to spot -- you don't know you're in one until it's half over," says TIME Wall Street columnist Daniel Kadlec. "But the market usually sees it first and declines ahead...
...important to understand one another's feelings," says Rosen, 54, director of public affairs for Teachers College, Columbia University, in New York City. "I don't have to forgive and forget. But we are trying to restart this relationship, and this is an important beginning." Agrees Abdi, 42, a columnist for Salam, a Tehran newspaper: "The aim is to contribute to a better understanding and promote a normalization of relations...
HARCOURT BRACE would seem to have a major p.r. headache on its hands. The co-author of one of its lead fall titles, Africans in America: America's Journey through Slavery, is PATRICIA SMITH, the Boston Globe columnist who was asked to resign in June after she was found to have fabricated four columns. Harcourt executive editor Jane Isay says the firm still plans to publish the book, which was co-authored with novelist Charles Johnson and is the companion to a PBS series. "She is a wonderful writer. Her prose is riveting," says Isay, who nonetheless concedes that Harcourt...
...Microsoft scrambled to cover up the code hole by posting a software patch on its web site Monday; trouble is, it didn't fix the problem. A working patch is expected from both Microsoft and Netscape soon. Advises TIME tech columnist Joshua Quittner, "If you use one of the affected mail programs, you have two choices: Stop using email, or get another program." Qualcomm, makers of Eudora, claim their software is unaffected. Word to the terrified: No such e-mail attack has been confirmed...