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...gloom-and-doom scenario, the Federal Reserve Board will not be satisfied with such modest rate hikes. In order to nip in the bud any renewal of inflation, the Fed will begin an aggressive tightening of credit and deliberately push interest rates much higher still. That will cause a chain reaction. It will knock stock and bond prices much lower, make consumer buying and business investment more difficult to finance, and maybe put a stop to what is about to become the longest economic expansion in U.S. history...

Author: /time Magazine | Title: TIME Board Of Economists: Wall Street's Ghostbusters | 6/28/1999 | See Source »

...then it's back to Maryland, where Lecter rents a lavish house not terribly far from the modest duplex of FBI special agent Starling, his antagonist/confidant during the period seven years earlier, covered in Silence. Verger's people know that Lecter, for complex reasons buried in his own psychoses, wants either to kill Starling or to protect her or, possibly, madman that he is, to protect her by killing her, and they hit upon a way to use her as bait to draw him to his presumed doom...

Author: /time Magazine | Title: Books: Dessert, Anyone? | 6/21/1999 | See Source »

...morning after the Dow and NASDAQ each threw triple-digit shindigs over May?s sleeping-dog inflation number, the Fed chairman told Congress ?- and, of course, the intently listening markets ?- to keep the music down just a little bit. "When we can be preemptive, we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will raise interest rates one quarter point at its meeting...

Author: /time Magazine | Title: Greenspan Fiddles With the Volume Control | 6/17/1999 | See Source »

BOBBY JONES He was the embodiment of the true sportsman, a modest fellow whose noble consideration for his opponents was equaled only by the cruel ease with which he vanquished them. Jones won an unprecedented (and still unmatched) 13 major golf championships in a brief seven years, culminating in his 1930 sweep of all four majors, the only Grand Slam in the game's history. And then, still an amateur and determined to remain one, he retired, at 28. From that day forward, Jones played competitively only once a year--at the tournament he invented on the course...

Author: /time Magazine | Title: The 10 Most Influential Athletes Of The Century | 6/14/1999 | See Source »

...child of two professors--her mother in computer science, her father in mathematics--Lan is modest, even self-deprecating, about her academic abilities. She insists that she "flunked" an IQ test she took as a child and claims that her elementary school teachers "would be surprised" to find out she was graduating from Harvard. To hear Lan tell her story, her life has merely been a series of interesting, and fortuitous, accidents...

Author: By Aby. Fung, CRIMSON STAFF WRITER | Title: Renaissance Woman Keeps on Runnin' | 6/10/1999 | See Source »

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