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...that at risk. Meanwhile, in America, the drumbeat grows louder for a shift in U.S. monetary policy, presaging higher borrowing costs. With the American economy surging at a 5.5% average annual rate since mid-2003 and employment finally on the rise, a 1% federal funds rate is a joke. A year ago, the Federal Reserve implemented an "emergency" policy stance in response to a full-blown deflation scare. That was the right thing to do at the time. But now the emergency is over, suggesting it's high time for the Fed to return interest rates to more normal settings...

Author: /time Magazine | Title: The Recovery Is at Risk | 5/24/2004 | See Source »

Golfer Fuzzy Zoeller was forced to apologize to Tiger Woods after cracking a racial joke. Denver Nuggets Coach Dan Issel was suspended for a racial slur against a Hispanic; Hispanic activists then campaigned to have him fired. Former Senate majority leader Trent Lott, R-Miss., was forced to resign after his highly controversial accolades regarding the late Strom Thurmond. These are just some of the instances in which other minority groups have defied acts of racism. One writer of AsianWeek surmised, “If a white [basketball] player had, for instance, made monkey sounds to taunt a black player...

Author: By Rena Xu, | Title: The Perils of Tolerating Discrimination | 5/24/2004 | See Source »

...dressing secret; Joan Rivers does inane fashion commentary on the red carpet leading to a palace shindig; a dash to rescue the Princess is interrupted by corrupt cops who plant an illegal drug--Yikes! It's catnip--on Puss while tabloid TV covers the bust. The most basic Shrek joke--satirized modernity intruding on fairy-tale romance--is played in 100 variants, some of which will sail over the heads of the littlest kids in the audience (there's plenty else to keep them giggling) but will be very gratefully received by those on parental-guidance duty. This wonderfully animated...

Author: /time Magazine | Title: Movies: The Honeymoon Is Ogre | 5/24/2004 | See Source »

BACK IN THE DAY, YOU KNEW LENNY BRUCE. AND TODAY YOU OCCASIONALLY APPEAR ON HOWARD STERN'S SHOW. DO YOU THINK THERE'S SUCH A THING AS CROSSING THE LINE IN COMEDY? I guess you can do that if you do an insulting ethnic joke or something like that. I work blue, very blue, you know. But I'm also working in Vegas for an all-adult audience. Sometimes I see parents walking out of the show with their kids who are, like, 10 years...

Author: /time Magazine | Title: 10 Questions for Rodney Dangerfield | 5/17/2004 | See Source »

...long time, I had little or no interest in Superman for years," Austen says. "He was perfect--his powers left him with no vulnerability. So I requested DC allow some cosmetic changes--make him a bit less powerful, a lot more vulnerable physically." Austen's Superman can take a joke as well as a punch. He rags on his sparring partners for their lame trash talk: "What's next? 'Mindless cretin!' Or 'Had enough?' Or my personal favorite--'No one can stand before the might of--(your name here)." The tone is light and fresh and surprisingly funny. "Much...

Author: /time Magazine | Title: Comics: Comics: The Problem with Superman | 5/17/2004 | See Source »

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