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...right time," says Hughes. "It is going to show this year and then again next year." This Friday retail sales figures for August will be released, providing the first sign of whether the $27.8 billion that has been distributed in tax rebates has given the economy a jolt. Aides also hope that a lift will come in January, when tax rates will each be reduced 1% and the child tax credit will be raised to $600. The cumulative effect, the Administration promises, is that the economy will turn around by December or early...

Author: /time Magazine | Title: Is This Your Father's Recession? | 9/17/2001 | See Source »

...partner Jerry Wexler needed three things: a performer to summarize and transcend the blues form; a white singer the kids could call their own; and a writer-producer team to synthesize black music for the mass market that didn?t even know it needed a seismic sonic jolt. With these elements, Ertegun and Wexler knew, they could revolutionize musicmaking and, more important, music listening. Just their luck, and their smarts, they got all three...

Author: /time Magazine | Title: Ahmet?s Atlantic: Baby, That Is Rock and Roll | 8/3/2001 | See Source »

...times are hard when PeopleSoft is a market-moving bellwether) and the rest of the week selling it off. (In the end, the Dow lost 150 points for the week; the NASDAQ broke about even.) The equities slingers are bouncing along the bottom and crying "summer rally" with every jolt, and hey - if they will it, it will come. But if it does, it won?t stay long, not without anything resembling profits or even incipient demand pushing up on the charts. Look for some bumps - as the last of the earnings trickle out, Wall Street?s 9-to-5ers...

Author: /time Magazine | Title: The Street This Week: On the Jobs | 7/30/2001 | See Source »

...everything is irresponsible. For those of us with a faith in a higher power, the story's final paragraph was the ultimate atheistic tweak of the nose: "a disembodied digital intelligence" may survive to note "an unimaginably vast, cold, dark and profoundly lonely place." Did the writer experience a jolt of perverse, sadistic joy in writing these depressing words? Shame on all of you for your pseudoscientific Chicken Littleism. LYNNE PERILLI Southbury, Conn...

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

...Melbourne, Australia, medical researchers have fertilized a female mouse's egg without benefit of male sperm; you can do this, it seems, by introducing the egg to genetic material from any cell in the body and giving it a jolt of electricity...

Author: /time Magazine | Title: The Faustian Bargain of Stem Cell Research | 7/12/2001 | See Source »

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