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NASA may have the "vomit comet" to brace astronauts for space flight. But if you're looking for a real stomach-turning ride, try Wall Street. In a seven-week trip, the Dow Jones industrial average plunged nearly 700 points from mid-March to mid-April, only to suddenly turn full-throttle upward. In one of the dizziest weeks of the year, the Dow closed up 332.22 points to a near record...

Author: /time Magazine | Title: BIZ WATCH: May 12, 1997 | 5/12/1997 | See Source »

...decline of the prophet cartoon also seems to coincide with my sense that, the infectious enthusiasm of crazy comet cults notwithstanding, the new millennium is itself well on the way to becoming played out. For those of us who are neither waiting around for aliens nor gearing up for a fire fight with the new world order, the big rollover is shaping up as the Super Bowl of infrequent calendrical events: overblown and unsatisfying in equal proportion, the last in a long line of 20th century hot-air generators. Newspapers and magazines have already struck up regular millennium sections; special...

Author: /time Magazine | Title: SPECTATOR: TURN-OFF OF THE CENTURY | 5/5/1997 | See Source »

...astronaut and new-paradigm scientist, I was a guest on Art Bell's radio talk show [NATION, April 14] on Feb. 16. To Bell's credit, I had the opportunity to make very clear that I saw absolutely no scientific evidence for any spaceship companion to the Hale-Bopp comet. But I also cited positive evidence for the presence of extraterrestrial intelligence through the UFO phenomenon. It is easy to use the Heaven's Gate tragedy to debunk the entire range of phenomena associated with possible visitations, ignoring government cover-ups of reverse engineering and of radical new concepts...

Author: /time Magazine | Title: Letters: May 5, 1997 | 5/5/1997 | See Source »

...power to persuade 38 followers to abandon their lives and families and commit suicide in the hope of leaving the earth aboard a spaceship, then maybe it is time for all of us to find our own comet and get as far away from this planet as possible. ALEX HOEFINGER Amherst, Massachusetts...

Author: /time Magazine | Title: Letters: Apr. 28, 1997 | 4/28/1997 | See Source »

...earth is to be "recycled"? A UFO is hiding in the tail of the Hale-Bopp comet? Human bodies are nothing but "containers"? In Julius Caesar, Shakespeare showed he understood this thinking: "But men may construe things, after their fashion, clean from the purpose of the things themselves." GARY GARSHFIELD Irvine, California...

Author: /time Magazine | Title: Letters: Apr. 28, 1997 | 4/28/1997 | See Source »

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