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...economic data released Thursday showed that the rising cost of oil had driven up the price of U.S. imports by a full percentage point in February, the largest increase in a decade. Imported inflation underscores the Fed's inclination to raise interest rates next Tuesday in an effort to slow the economy's growth. "When the rising oil price begins to jeopardize the U.S. economic expansion," says Baumohl, "we may have reached the point where the question becomes: Are we saving the Saudi royal family at the expense of the U.S. economy? That's prompting calls for some arm-twisting...

Author: /time Magazine | Title: Leaning on the Oil Cartel Isn't As Easy As It Seems | 3/16/2000 | See Source »

...diary format, complete with alcohol and cigarette logs, and the same wacky circle of friends, Bridget seems to be living her own private Groundhog Day, unable to learn from her mistakes, move forward or pull herself together the tiniest bit. The plot--and is there ever a plot--is driven by her on-again, off-again romance with Mark Darcy. The fact that the reader is so much smarter and more observant than Bridget is, this time round, irritating rather than suspenseful...

Author: /time Magazine | Title: Books: Meander Miss Jones | 3/13/2000 | See Source »

...ascendant, America was in disarray, emerging markets were wallowing in the Decade of Debt. Asia's Century was said to have begun. Then came the collapse of Japan's bubble, followed by the currency crunch along the entire Pacific Rim. While Asia, stunned, watched from a distance, the Internet-driven New Economy mushroomed in the West. For a while, it seemed as if the long-predicted Pacific Century might be stillborn--or stolen altogether...

Author: /time Magazine | Title: Asia Catches .Com Fever | 3/13/2000 | See Source »

...something this reviewer heartily advises, because there is little redemption in any aspect of the film. While the space imagery is enough to convince even the most staunch believer that the original 1969 moon landings were faked on a soundstage in Arizona, having a special effects driven movie just doesn't cut it any more. The budget has gone to securing high profile talent and the gorgeous special effects, but amid all the self congratulations going on at Disney, someone forgot that a movie must be founded on a script. It has been said that an infinite number of monkeys...

Author: By James Crawford, CONTRIBUTING WRITER | Title: Mission Aborted: A Space Travesty | 3/10/2000 | See Source »

...diversification and expansion of the notes businesses creates the frightening vision of a huge commercial giant intruding into every aspect of our education. We are witnessing, in other words, the appearance of a rapidly expanding education-commercial complex, guided by monetary concerns and technologically driven to intrude upon education and interfere in the commitment, dedication and respect we enjoy in our work. With such developments in mind, it becomes clear that the essential question is not just one of rights (copyright versus free speech) but whether as teachers and students, we still wish to be involved in a public service...

Author: By Mathieu Deflem, | Title: Dot-Coms in Our Lecture Halls | 3/9/2000 | See Source »

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