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Michael Krantz is a TIME staff writer. Our regular columnist, Josh Quittner, returns in two weeks. Read more about Jini and distributed networks at time.com/personal
...Yahoo's earnings prove it's the strongest company in the group, says TIME Wall Street columnist Daniel Kadlec. Will it turn out to be the next Microsoft? "That's a crazy bet to make and yet everybody's making it," Kadlec says. "Yahoo is riding a mania for Internet stocks, just like the mania for biotech in 1991. These stocks have so much room to collapse." Indeed, in announcing only a 2-for-1 split Wednesday (effective in August), Yahoo might be signaling that it knows some bearish days are coming. Notes Kadlec: "A $200 stock price means Yahoo...
...ravaged banking system, the Japanese Prime Minister said he favored permanent tax cuts as the other half of a strategy to revive the moribund Japanese economy. "This was the other major step that the U.S. has been seeking on behalf of the entire region," says TIME Wall Street columnist Daniel Kadlec. "Cleaning up the bad debt allows banks to start lending to businesses again; tax cuts give Japanese people more money to start spending again...
...stop at the President:/ she'd take the Pentagon by storm/ in halter dress and rhinestone extras," Garrison writes in "An Idle Thought." (It could be retitled "Oh, How I Would Have Put You to Shame, Monica Lewinsky.") Garrison's efforts won her a book blurb from feminist columnist Katha Pollitt, who described the poems as "brave, elegant, edgy...
...Presidential Medal of Freedom and saw his name adorn an airport terminal, a high school and numerous other landmarks around Arizona. He was also credited with planting the seeds of a conservative movement that would eventually produce the Reagan Revolution and the Republican take-over of Congress. Conservative columnist George Will was quoted as saying that "we--27,178,188 of us--who voted for him in 1964 believe he won, it just took 16 years to count the votes...