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...tell, however, whether investors, deluged all morning with lousy earnings reports, looked at the bright side of Greenspan's comments or the dark: Inventory corrections are still going on, businesses are still blanching at the thought of capital investments, and the next six months are going to be very grim indeed. In any case, stocks slid on frenzied volume all morning - the Dow was off 100 and the NASDAQ 50 by noon. In times like these, when we're still waiting for those first six cuts to show up on the economic radar, bearishness from the Fed is not exactly...

Author: /time Magazine | Title: The Long Dark Night of Alan Greenspan | 7/18/2001 | See Source »

...celebrate Hope's short life, Nancy and David threw her monthly birthday parties. But in between, the details were grim. In month three, Hope developed seizures. In month four, doctors inserted a gastric tube to make feeding easier. They said she lacked the brain capacity to suffer, but Nancy is not so sure. Some nights her daughter whimpered for hours. One night in the seventh month, David went to check on her. "I just touched the back of her leg. Her body was really cool. Even though you prepare yourself..." He woke his wife and said, "She's gone." Nancy...

Author: /time Magazine | Title: When God Hides His Face | 7/16/2001 | See Source »

...salvaged. A review panel convened by the National Heart Lung and Blood Institute in 1999 estimated that between 5,000 and 10,000 patients a year might be helped by the development of total artificial hearts. But as with many medical advances, the early going will probably be grim. Doctors in Louisville will consider their experiment an astounding success if their patient manages to live an extra two months. And if he dies before then? That might answer a few questions...

Author: /time Magazine | Title: The Artificial Heart, Revisited | 7/16/2001 | See Source »

TILL DEATH DO US PART It is what every senior couple dreads--one of the two becomes terminally ill, and the other strains under the grim burden of caring for a dying mate. The stress often takes a physical toll, but these caregivers suffer less depression, lose less weight and take better care of themselves after the death of their spouse than someone whose husband or wife dies suddenly, according to a study in the Journal of the American Medical Association. Why? The foreknowledge of the death allows the caregiver to grieve as well as prepare for the death. Also...

Author: /time Magazine | Title: In Brief: Jul. 16, 2001 | 7/16/2001 | See Source »

...discussion of trade policy is, of course, tinged by the grim knowledge that the 2002 House elections get closer by the day. That fact that tends to weigh down members who might otherwise take a leap in favor of free trade. According to people like James Morgan, chairman of Applied Materials, who is scheduled to meet with the President Wednesday, the public needs to be told that trade is nearly surefire a way to buck up the economy...

Author: /time Magazine | Title: Free Trade Comes to the White House, Again | 7/11/2001 | See Source »

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