Word: columnists
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...YORK: Markets soared on a lower-than-expected rise in labor costs. The Labor Department report of a modest 0.6 percent rise in wages and benefits convinced investors that the Fed won't tighten interest rates at its next meeting three weeks from now, says TIME's Wall Street columnist Daniel Kadlec. "It's hard to remember the last time the markets reacted so eagerly to this report." Indeed, now that the Dow has almost completely erased the sobering slide that began March 11, the rest of the market seemed today to have to caught a euphoria that Kadlec called...
DIED. CAROL BOTWIN, 68, sexologist author and columnist; of cancer; in New York City. An infidelity expert, Botwin bared eye-popping findings that 60% to 75% of married men cheat at least once and 40% of wed women seek an extramarital relationship...
Daniel Kadlec is TIME's Wall Street columnist. Reach him at kadlec@time.com
...cover such afflictions. Conservative Republican Senator Al D'Amato, whose top political strategist is homosexual, supports gays in the military. Antiregulation Senator Mike DeWine of Ohio, whose daughter was tragically killed in an auto accident in 1993, opposed repeal of the federal 55-m.p.h. speed limit last year. And columnist George Will, who derides mushy liberal programs, has written movingly in support of government programs that help his son, who has Down syndrome...
...disclosing the hundreds of chemical additives in cigarettes, and banning outdoor advertising and the use of people in ads. Why, after nearly four decades of successfully fighting off lawsuits, would big tobacco rather settle than fight? A deal makes sound business sense, notes TIME Wall Street Columnist Daniel Kadlec: "The tobacco industry knows it could pay for this entire settlement by just increasing prices. It wouldn't affect their current operations at all. It would finally give them immunity to lawsuits, and stocks will soar." In fact, the news received a warm reception on Wall Street, with Philip Morris...