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...Before the productivity miracle of the mid-nineties, Greenspan himself was used to catching hell from politicians who always felt that the economy could grow faster - and employ more voters - without fostering inflation. Behind supposedly arid terms like "sustainable growth" is the assumption that for the economy to work at peak efficiency, a certain amount of people must be out of work...

Author: /time Magazine | Title: The Unemployment Report: Smiling on the Inside | 9/7/2001 | See Source »

...really believe that when we get in that situation, we will succeed,” Murphy said. “But my goal is to try like hell not to let it come down to that...

Author: By Martin S. Bell, CRIMSON STAFF WRITER | Title: Murphy Must Overcome Hurdles | 9/4/2001 | See Source »

Signs of a global recession inevitably conjure up thoughts of the last time the whole world went to hell in a handbasket: the Great Depression of the 1930s. In truth, we're a long way from breadlines, and policymakers understand the forces that move the economy today much better than they did then. But one lesson of the 1930s is worth remembering. In an interconnected world, points out Jeffrey Garten, dean of the Yale school of management, a small spark can start a huge conflagration. In 1930 it looked as if the consequences of the 1929 market crash might...

Author: /time Magazine | Title: Are You Worried Yet? | 9/3/2001 | See Source »

...sports in the last 20 years," says McEnroe, who believes she'll do very well at Flushing Meadows. "This court is good for her; she's going to have a lot of support from the fans. I think she'll meet Venus in the semis. It will be a hell of a match...

Author: /time Magazine | Title: The Power Game | 9/3/2001 | See Source »

Then they asked him to explain the following: "One swallow does not make a summer." The man's face reddened; his hands flew up and down as if he were trying to dry them. Angrily, he asked what the hell the doctors were talking about, and finally he had to be told that the problem centered on two meanings of swallow. But he was too agitated to be appeased. The depth of his trouble lay not only in the inability to make connections but also in the madness that came with recognizing that fact...

Author: /time Magazine | Title: A World Of Lost Connections | 9/3/2001 | See Source »

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