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...bond market has taken his hints and moved accordingly. A couple of years ago I ran into Greenspan's predecessor, the aggressive inflation fighter Paul Volcker, and asked him what he thought of Greenspan's performance. Volcker, a financial heavyweight, wouldn't grade Greenspan, but he voiced a mock complaint that Greenspan was getting a lot of credit for prosperous times without having to break a sweat. The vigilantes were doing it for him. When traders whiffed inflation, they chased long-term rates higher to curb borrowing power and cool the economy...

Author: /time Magazine | Title: Quit Now, Al | 1/24/2000 | See Source »

Missed. Again. The $12.5 billion U.S. National Missile Defense (NMD) program suffered another setback Tuesday night when it failed its most elaborate test to date. An interceptor missile fired from a Pacific atoll failed to hit a mock warhead deployed by a missile fired in California. Although the system managed to destroy a mock warhead last October, it was later reported to have been a lucky accident after the interceptor missile had locked on to a decoy balloon that drifted close to the target. "I call the Pentagon all the time and sometimes they can?t transfer my calls...

Author: /time Magazine | Title: U.S. Missile Misses, but That Won't Stop Funding | 1/19/2000 | See Source »

...markets crash or my husband loses his job, we're ready," she says. In Ontario, Bruce Beach, who began constructing a bunker of 42 buried school buses 18 years ago, watched astounded as city after city passed into modernity with nary a scratch. And MTV Online, as if to mock it all, was showing Internet film of the six kids it set up in a campy Y2K bunker under a building in Manhattan...

Author: /time Magazine | Title: Hey, You In That Bunker, You Can Come Out Now! | 1/1/2000 | See Source »

...rosters) have had big moves since their inception a month ago. But I know we would have sat out most of the real action in the likes of CMGI and Internet Capital Group--two league phenoms--had my associate not taken them in the top rounds of our mock draft...

Author: /time Magazine | Title: Market Rotisserie | 12/27/1999 | See Source »

...buying bottled water, storing money in a secret place, and stocking up on flint and lighter fluid," he says, earnest despite his mock-serious tone. He advises others to be ready for the worst as well, despite his doubts that serious problems will occur...

Author: By M. ARI Behar and Sasha A. Haines-stiles, CRIMSON STAFF WRITERSS | Title: Y2K Fails to Frustrate Faculty | 12/21/1999 | See Source »

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