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...down from a blistering 5% last year - but they expect European Union economies to expand by roughly 2.6%, off only slightly from last year's 3.2%. But try telling that to investors: last week Europe's bourses fell right alongside the Dow and the NASDAQ. London's FTSE 100 index lost 6%, while the Paris cac 40 fell 5% and Frankfurt's dax closed down 7%. And that's to say nothing of all those faltering American-style "new markets...

Author: /time Magazine | Title: Sympathy Pains | 3/26/2001 | See Source »

...using the call letters of a specific station to pull in the BBC, for example, or New Jersey's WFMU, which Rolling Stone magazine labeled the best radio outlet in the U.S. Once on the BBC website, which links to five radio channels, I looked through the A-Z Index for a program I've longed to hear: Beatles-vintage D.J. John Peel, whose legendary Peel Sessions, featuring live rock, airs on Tuesdays, Wednesdays and Thursdays at 10 p.m. U.K. time...

Author: /time Magazine | Title: Tune In to Tomorrow | 3/26/2001 | See Source »

...since fallen 16%. That's nothing compared with the 25% decline since last March in the more tech-exposed S&P 500. The tech-laden NASDAQ has plunged 63% since its peak a year ago, the worst drubbing for a major stock index since the Depression...

Author: /time Magazine | Title: The Stock Market: Zap! | 3/26/2001 | See Source »

...results have been plunging profits, mass layoffs and imploding stock values for companies that had been NASDAQ supernovas and among the chief reasons for the stock market's rise. At BlueStone Capital Securities, an index of 13 fiber-optic heavyweights that includes Lucent, Cisco, Nortel and JDS Uniphase has fallen 78% since last July, a plunge that has cost investors more than $1.1 trillion in market value. The percentage decline exceeds the drop for NASDAQ as a whole, which fell 51% over the same stretch...

Author: /time Magazine | Title: Telecom Stocks: Busted By Broadband | 3/26/2001 | See Source »

GIVE THEM CREDIT Starting this week, consumers will have Internet access to their credit scores. That's your three-digit loan-risk index, once seen only by lenders. Equifax, the largest U.S. credit reporter, and Fair, Isaac, which devises scoring, will offer for $12.95 a credit report, the same credit score lenders use and explanations of how it works. Rivals Trans Union and Experian are developing scores for consumers as well. Consumer advocates still hope Congress will make credit-score disclosure mandatory...

Author: /time Magazine | Title: In Brief: Mar. 26, 2001 | 3/26/2001 | See Source »

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