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...Greenspan credited the piper's relatively modest demands this year to an economy fundamentally changed in the middle of the last decade to one with "an improved degree of resiliency, flexibility and adaptability" driven by information technology and unbound by globalization and deregulation. "To be sure, a great deal of real economic pain has been felt over the past year and a half," he said. But for the economy to have weathered the NASDAQ crash of 2000 and the terrorist attacks of Sept. 11 "as well as it has is truly impressive...

Author: /time Magazine | Title: Greenspan Talks | 1/11/2002 | See Source »

...future still looks bright. Globalization and competition continue to keep prices (and profit margins) low, and while that means layoffs now, as soon as demand picks up and companies stabilize their cash flow, they will be driven to make another (if more modest) round of those productivity-enhancing investments in high technology that made the '90s so wonderful. And new, better technology "will present ample opportunities...

Author: /time Magazine | Title: Greenspan Talks | 1/11/2002 | See Source »

Perhaps that dark day will never come. But in case it does, let us pause for a moment and consider the greatness of the man who Lawrence Summers, in a moment that will haunt his presidency for years to come, may have driven from our ivory tower...

Author: By Ross G. Douthat, ROSS G. DOUTHAT | Title: Let Us Now Praise Cornel West | 1/11/2002 | See Source »

...abridged season, however, is also an HBO trick, allowing more time to work on stories. But whereas HBO, which is subscription driven, can afford that strategy, it's much harder for network shows. The real money for sitcoms is in syndication, and no one wants to air an old show every night unless there are at least 100 episodes; Ellie would need seven seasons to get there. Even worse, one-camera shows, which require more days of shooting, are expensive. Add to that the creative risks of the real-time premise and the fact that producers Carsey-Werner-Mandabach...

Author: /time Magazine | Title: Julia's New Domain | 1/7/2002 | See Source »

...copy-protected) plastic disks are the only acceptable way to own music, and continue to swim against the evolutionary tide with stingy, grudging alternatives to Internet file-swapping - until the listening public finally gives up, gives in and returns the music industry to its beginnings as one big singles-driven Internet jukebox. And then we'll all just start over...

Author: /time Magazine | Title: Resolutions For the New Economic Year | 12/28/2001 | See Source »

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