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...will need all the gamblers it can get. Investors betting on companies means companies having more purchasing power for capital investments; it means consumers feeling good about their portfolios and retirements and thus spending more; it means the economic recovery can proceed apace. Enron, meanwhile, means a second guess - is this company truly good, or is it too good to be true? - and second-guessing is not the kind of attitude of which sustained bull markets are made. The Dow and NASDAQ's January chart lines are jagged, but the trend is clearly downward since Probe Day, January...

Author: /time Magazine | Title: The Enron Effect | 1/24/2002 | See Source »

...cruising along the New Jersey Turnpike with the music cranked up loud. We're in the middle of nowhere, but you'd never guess it from the crystal-clear reception on the radio. With a friend at the wheel, I'm flipping from Latin jazz to African pop to '80s hits, intent on finding the perfect station for our New Year's road trip to Washington, D.C. I'm not wild about working vacations, but since this one involves testing out a high-tech radio system in a brand new Cadillac DeVille--complete with built-in seat warmers and back...

Author: /time Magazine | Title: Reinventing The Radio | 1/21/2002 | See Source »

...were, to put it gently, excessive. The closing paragraph is but one example: "Everything he did was big, when he was right, when he was wrong, when he embarrassed us, when he inspired us. That finally is why he remains a king of the world." Gracious! My guess is that Ali would get a chuckle when reading such nonsense. RICHARD HARLESS Lorton...

Author: /time Magazine | Title: Letters: Jan. 21, 2002 | 1/21/2002 | See Source »

...political counselor, he was in plain sight in Washington, living at the Vice President's mansion with his wife, even working out of his office in the West Wing of the White House. "It's just silly," she says of the calls for her boss to emerge. "I guess he'll have to run a marathon or something to prove he's not hiding out." So why the widespread impression that he is? One reason is that since Sept. 11, his whereabouts are not announced to the press, for security reasons. And when President Bush is in town, Cheney leaves...

Author: /time Magazine | Title: Inside The White House: Where's Cheney? | 1/21/2002 | See Source »

...terror attack in the northern Israeli town of Hadera. Haaretz commentator Amos Harel could be forgiven for his eerily prescient prediction of the aftermath of last weekend's assassination of Fatah militant Raed Karmi: "There was no need for a degree in political strategy to make an educated guess yesterday about how this week would go," Harel wrote a day before the Hadera attack. "Revenge by Karmi's Fatah colleagues in the West Bank, and a sharp rise in the number of shooting incidents in the West Bank, particularly in the northern sector. A harsh military response by Israel...

Author: /time Magazine | Title: World Media Review: Guantanamo Leaves Europeans Queasy | 1/18/2002 | See Source »

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