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...panelists agreed that gridlock would consign such bold but risky plans as Bush's proposed $1.3 trillion tax cut to the campaign-promise trash heap. "There won't be any huge tax cuts or entitlement programs, whoever becomes President," says Bruce Steinberg, chief economist for Merrill Lynch. "That means the budget surpluses should remain extremely large, and the national debt will continue to be paid down--all of which is friendly to financial markets...

Author: /time Magazine | Title: TIME Board of Economists: Gridlock (And Greenspan) | 12/18/2000 | See Source »

...this wave of German companies isn't buying just studios, as Sony did. These companies are buying production teams and burrowing into the production process. "Each company is pursuing a different strategy involving a complex mix of production and distribution elements," says Stephan Seip, media analyst at Merrill Lynch. Some of those strategies have a fantasy feel--for $65 million, you too can be a movie mogul and rub shoulders with the stars. But others are based on long-term plans and objectives backed by years of experience at home. How well are the newcomers likely to do? The inevitable...

Author: /time Magazine | Title: The Movie World's German Angels | 12/18/2000 | See Source »

...TAIL INVESTING Right when economists are sounding alarms against running up holiday consumer debt, one firm is tempting shoppers by offering a rebate that lets them save while they spend. Stockback.com sells a Merrill Lynch-managed mutual fund that allows merchants to provide Stockback owners with rebates that are funneled into their individual fund accounts. The minimum investment is $10, and there are no transaction costs to customers. But that's not carte blanche to click up all the PlayStation 2 games your kids' hearts desire. The typical $100 spent would siphon less than $5 back into the fund...

Author: /time Magazine | Title: In Brief: Dec. 18, 2000 | 12/18/2000 | See Source »

...Several of today's most prominent filmmakers betray the influence of Buñuel. David Lynch's radically bizarre first feature, "Eraserhead," couldn't have existed without the example of Buñuel's rulebreaking Surrealist masterwork "Un Chien Andalou" (1929), directed with Salvador Dali. Pedro Almodovar's deliciously ripe melodramas contain numerous elements first found in Buñuel's Mexican work from the 1950s; in fact, key sequences from Buñuel's giddily psychotic "The Criminal Life of Archibaldo de la Cruz" (1955) are incorporated into Almodovar's "Live Flesh" (1997). And former Monty Python member Terry...

Author: /time Magazine | Title: The Not-So-Discreet Charm of Luis Buñuel | 11/30/2000 | See Source »

...evil "elder elite white men and women." Paul Begala, late of the Clinton White House, did an MSNBC online column in which he invited his readers to look at the electoral map on which the Bush states appeared in red: "You see the state where James Byrd was lynch-dragged behind a pickup truck until his body came apart. It's red. You see the state where Mathew Shepard was crucified on a split-rail fence for the crime of being gay. It's red. You see the state where right-wing extremists blew up a federal building and murdered...

Author: /time Magazine | Title: A Joust for the White House? | 11/29/2000 | See Source »

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