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...historic lows reached after the Internet bubble burst in 2000. If so, Bernanke would take the helm with the benchmark fed funds rate at about 4.5%, considered neutral in terms of growth, leaving him with plenty of immediate operating room-and just possibly a stock market finally getting some lift...

Author: /time Magazine | Title: Bernanke Nomination Sparks Wall Street Rally | 10/24/2005 | See Source »

...then it was Arafat's turn to foot-drag. He withheld instructions to close, fearing that a Hebron agreement would lift international pressure on Israel and free Netanyahu to accelerate building in Jewish settlements in the West Bank as well as slow action to fulfill Israel's commitment to expand Palestinian autonomy further. Netanyahu fanned Palestinian concern about the settlements when his government on Dec. 13 restored to those communities large public subsidies that had been revoked by the previous government...

Author: /time Magazine | Title: WITH PEACE IN THE CROSS FIRE | 10/20/2005 | See Source »

...Things don't look so desperate when you strip out volatile fuel prices. The core consumer rate has risen just 2% the past 12 months, even though overall consumer prices have jumped a more troublesome 4.7% in that period. The big fear is that the core rate will lift as companies raise prices to offset the higher prices they pay for energy. "Inevitably, we'll get some pass-through," says James O'Sullivan, economist at the brokerage UBS. Indeed, Clorox, Marriott, Carnival, Deere and FedEx have already raised or said they would raise prices because of the high cost...

Author: /time Magazine | Title: What to Make of the Latest Inflation Numbers | 10/18/2005 | See Source »

...mats, members of the wrestling team use their strength, smarts and passion to pin down those less talented in wrestling. Off the mats, they use the same skills to lift those less fortunate in life. For the past two years, the Harvard wrestling team has been spending its Saturday mornings helping local people in need by volunteering at the food pantry located in St. Paul Church in Harvard Square. It is there that they spend three to four hours, beginning at around 9:30 a.m., working with other volunteers to supply the needy citizens of the area with food...

Author: By Ted Kirby, CONTRIBUTING WRITER | Title: Wrestlers Lend Helping Hands | 10/13/2005 | See Source »

...well below internationally acceptable levels. (China has lost eight rockets in 80 launches.) The most recent humiliation for Japan was an aborted launch of two spy satellites in 2003, when one of the flagship H-2A rockets' two boosters failed to separate from the main rocket shortly after lift-off. JAXA president Tachikawa admits this mixed record is a large stumbling block. "There are people who think that a manned Japanese rocket is not worth the risk," he says. "The only way to make them change their minds is to increase the trust in our rockets. We have to show...

Author: /time Magazine | Title: Asia's Space Race | 10/10/2005 | See Source »

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