Word: either
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Dates: during 1990-1999
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...digital snapshots of my recent online travels: what websites I visited; what pages I viewed and for how long; what I bought, downloaded or printed. What's more, every site I visit can send programs called "cookies" down the phone line into my machine to snag this data and either use it to try to sell me something ("He spends time at E! Online? Let's spam him with that Titanic-for-$5 offer!") or sell my "profile" to some other marketer. Yikes...
What about the chances of a genuine recession? None of the economists on TIME's board would flatly predict one, but none would rule it out either. If the "Asian financial flu" infects Latin America and Canada, if a renewed plunge in U.S. stock prices scares consumers into slashing their spending, and if the Federal Reserve Board fails to make deep enough cuts in interest rates--why, then, a growth recession could turn into the real thing...
...even harder, though he offers no numbers. His explanation: labor shortages caused by the past boom are still severe and likely to remain so even with a slowdown in the growth of output. That condition will push up wages faster than companies will be able to raise either prices or productivity--that is, output per hour. Productivity is in fact already sliding, as it usually does at this late stage of a business expansion, the increasing computerization of the economy notwithstanding. Even such computer enthusiasts as board members Erik Brynjolfsson, professor of management at M.I.T., and Timothy Bresnahan, a Stanford...
Caroline L. Kung '00 of Quincy House said she had not heard anything about either...
NATO's launchpad for air strikes on Kosovo just got a little shakier: Italy's 55th government in 53 years collapsed Friday, after the country's parliament unexpectedly voted out Prime Minister Romano Prodi. But no matter who replaces Prodi, Italy is unlikely to deviate from its commitments to either NATO or the European Union. It was Prodi's economic austerity program that brought down his government, but his successor will be forced to adopt the same policies to comply with European Monetary Union membership requirements. "The government was brought down by a single member of a 625-seat parliament...