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...percent drop (to 1,738.74). As Alan Greenspan has all too famously noted, the market has a little air in it. Watch for Friday s Labor Department report to see just how skittish investors have become. A stronger-than-expected showing could set off another Wall Street jolt fearing further interest rate increases by the Fed. For investors, the skinny remains: don't panic. Good news is still good news, and the economy, after all, is strong. But as snow fell Monday on downtown New York, the traders in Wall Street s vaulted warrens continued to usher March out like...

Author: /time Magazine | Title: Wall Street: There They Go Again | 4/1/1997 | See Source »

...British government's weekly Question Time has always been a 19th century affair: charming, wooden and occasionally raucous. But last week the hallowed institution got a jolt from the Labour Party's modern arsenal of database and communications weaponry. As Conservative Prime Minister John Major fielded a softball question about the insurance business, a member of Labour's "rebuttal unit" dived into the party's database and identified the questioner as a paid consultant for the insurance industry. The researcher zapped the news via pager to a Labour M.P. sitting in the House of Commons, producing an awkward moment...

Author: /time Magazine | Title: TECH WATCH: Mar. 24, 1997 | 3/24/1997 | See Source »

...look now, but after shocking the airline and telecommunications industries, competition is about to jolt your sleepy electric company. Just ask Malcolm Buck, a software-support rep whose apartment in suburban Atlanta is wired for phone service, cable TV, high-speed Internet access, and security- and energy-management systems--all flowing through a single cable installed by the Southern Co., his local utility. Buck calls the electric-bill savings alone "pretty amazing...

Author: /time Magazine | Title: POWER TO THE PEOPLE | 3/10/1997 | See Source »

...novelist. The subject matter, however, sparked his creativity, and he produced his satirical tale well ahead of schedule. "Massive scientific ruptures like this one are so rare and powerful and alluring," says Coupland, whose previous books, including Generation X and Microserfs, often explored science issues. "A good jolt is good for the brain, and the news is so jolting--it's a good match." As for the technology, Coupland says, since it's new, "I'm willing to give it a chance--but it has such a profound capacity for abuse." He's quick to add that that has never...

Author: /time Magazine | Title: Contributors: Mar. 10, 1997 | 3/10/1997 | See Source »

...light-starved days of winter encroach on Boston, people yearn for a few glimmers of hope and brightness to illuminate the bleak season looming ahead. They seek an infusion of optimism and beauty to hearten themselves for the icy, dreary months approaching. Such an aesthetic jolt can be found at the invigorating weekly series of Bach cantatas performed at Emmanuel Church in Boston...

Author: NO WRITER ATTRIBUTED | Title: Emmanuel Church Offers Sacred Music in Sacred Setting | 12/12/1996 | See Source »

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