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...starts, explains Baumohl, are among the most interest-sensitive components of the economy, and tend to be a particularly prescient overall financial indicator. "When interest rates go up, as they have been," says Baumohl, "the first sectors to register a slowdown are car and housing purchases." In other words, Fed chairman Alan Greenspan's penchant for quarter-point hikes may have finally eased the American public's seemingly insatiable taste for big-ticket items like new real estate. And this, despite its overtones of recession, says Baumohl, can be seen as very good news: The Federal Reserve may be able...

Author: /time Magazine | Title: Greenspan's Medicine May Finally Be Working | 4/18/2000 | See Source »

...months no one could know for certain whether Juan Miguel was reading from a script, speaking from the heart--or both. But anyone who heard his passionate demand to be reunited with Elian, and his denunciation of the Miami relatives who had paraded his son in the streets and fed him to Diane Sawyer, had to believe he might be entirely sincere in his desire simply to retrieve his child and go home to Cuba for good. As Democratic Congressman Jose Serrano quoted Juan Miguel asking, "What do I have to do to prove that I love my child...

Author: /time Magazine | Title: I Love My Child | 4/17/2000 | See Source »

Miami moderates are fed up with that bellicose symbiosis between Castro and the hard-line exiles--a desperate craving for geopolitical attention in this post-cold war world. Few dispute the genuine grievances of the exiles, especially those who have suffered human-rights abuses under Castro, like imprisonment for "counterrevolutionary activities." But the older hard-liners, despite their protestations of U.S. patriotism, are still steeped in the authoritarian political culture that existed in Cuba long before Castro took power in 1959. Since then, the U.S.'s Cuba policy has indulged the notion that Miami, because of its special anti-Castro...

Author: /time Magazine | Title: Out With The Old? | 4/17/2000 | See Source »

...that didn't really matter. From the very first appearance of a soulful Brian McKnight ballad, it was apparent that the size of the audience did not matter too much to its individual members. While he fed upon the joyous ecstasy of the group, Brian McKnight communicated solely with each member, speaking directly to your heart, making love to you if you will. From classics such as "Cherish" to "Anytime," he gave the audience what it wanted-the unhindered use of an amazing voice...

Author: By Jimmy Zha, CONTRIBUTING WRITER | Title: Concert Review: He's So Dreamy | 4/14/2000 | See Source »

...which means marketing scented body lotions, perfumed hair gels and other bath-line products as well as perfumes. At LVMH, such products now account for about 15% of all fragrance-line sales. But a more discriminating customer may also demand more unusual products. "We're attracting people who are fed up with buying just because they've been told to buy," says Anne Schneider, managing director in Britain of French niche house L'Artisan Parfumeur, whose scents include Mure et Musc and Mimosa pour...

Author: /time Magazine | Title: Scents Of Change | 4/10/2000 | See Source »

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