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...President George W. Bush was telling reporters, there is absolutely no doubt that Vice President Dick Cheney will beat the allegation that Halliburton Corp. cooked the books while he was CEO. And as for that slide in the stock market, chalk it up to a "hangover" from the Roaring Nineties (when Someone Else was in charge). According to a Bush adviser, the President is focused on the big picture and is "relatively uninterested in the daily economic ups and downs." Would that include the 390-point implosion in the Dow last Friday, which sent stocks hurtling through post...

Author: /time Magazine | Title: Wall Street's Verdict | 7/29/2002 | See Source »

That said, the White House knows it must do something, because the Democrats are getting saucer-eyed over November's congressional elections. According to Roll Call, House minority leader Dick Gephardt recently spoke with senior Dems about the corporate crookery, saying that "if this thing plays out right, we could pick up 30 to 40 seats." Bush is desperate to show voters that he is not deaf to their concerns, but he has not found the message. "He wrapped his arms around this market," laments a senior Administration official. "Now he owns...

Author: /time Magazine | Title: Wall Street's Verdict | 7/29/2002 | See Source »

Amid that kind of background noise, neither Wall Street nor Main Street is tuning in to Bush right now. For investors big and small, "it's a matter of reconnecting the metric--company to industry to economy--that's missing today," says New York Stock Exchange (N.Y.S.E.) chairman Dick Grasso. And that may be beyond Bush's capabilities, as well as the public's expectations. The N.Y.S.E. is hurrying up new regulations to give independent directors more control of the companies in their care. And Grasso is looking past Labor Day for investors to reconnect with fundamentals, especially as third...

Author: /time Magazine | Title: Wall Street's Verdict | 7/29/2002 | See Source »

...Dubyaman is a commentary of Indian political affairs, but more than anything else, takes delightful digs at Bush’s not-so-in-depth knowledge of international affairs. As Dubyaman tries to save the world, he is continually saved from embarrassment by his trusted sidekicks Colin Powell and Dick Cheney...

Author: By Ravi Agrawal, | Title: Dubyaman and the N-Bomb | 7/26/2002 | See Source »

...think corporate America needs a pile of new regulations. Someone just needs to tell business leaders to cut out the shenanigans. Bush did exactly that last week with some tough words. But his words were far more ambiguous when he had to explain alleged shenanigans of his own. Dick Cheney offered no answers to similar questions. That undercut Bush's moral authority, and the stock market just kept dropping. --By Mitch Frank...

Author: /time Magazine | Title: Do As I Say, Not As I Did | 7/22/2002 | See Source »

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