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...think back to this time last year - in January 2001, the economy was clearly catching at least a vicious winter cold. Manufacturing was contracting. Stocks were sluggish. On Jan. 3 Alan Greenspan picked up the phone and called in an emergency 50-basis-point rate cut to try and nip the gathering contraction in the bud. Economists, analysts and business journalists were agreed that we were in for a sharp slowdown, maybe even a recession. But it would be the briefest of downturns; maybe a quarter or two, tops, with recovery setting in by August...

Author: /time Magazine | Title: The Economy: Just Like Last Year? | 1/2/2002 | See Source »

...allowed to return to their thrones?provided they can spawn and install heirs as frequently as Rome produces Prime Ministers Thailand: No male may surgically transform himself into a female if it makes him taller than the sovereign, with or without platform heels Michael Jackson: With one, final, mandated nip-and-tuck, the King of Pop will finally be elevated to Queen...

Author: /time Magazine | Title: Starting Time | 5/21/2001 | See Source »

VIRTUAL PUB CRAWLS Just Logging On for a Quick Drink Londoners beware! the next time you nip down to the pub for a quick screen break you might well find that you're actually broadcast live on the Web as you sip your illicit pint. Now suspicious spouses have an easy way to verify the age-old "working late" excuse: just log on to www.viewpub.com. British leisure giant Whitbread has teamed up with Web design firm Viewpub to install webcams in six of its London establishments. They show live pictures on the Web from 6 p.m. until closing time every...

Author: /time Magazine | Title: Tech Watch | 4/16/2001 | See Source »

...NIP AND TUCK Oscar hasn't changed much in 70 years, so here are some designers' ideas for possible face-lifts. Alessandro Mendini and Alessi offer a female Oscar, far left, that looks more like a transsexual corkscrew. Paula Scher designed a giant letter O, left, which also works nicely as a paperweight. Industrial Light + Magic whipped up Floating Oscar, far right, which suggests movie magic but could prove too ethereal for any teary actress wanting to clasp it to her bosom. Peter Arnell imagines Oscar as a constellation, above, and would carve out an actual constellation in the shape...

Author: /time Magazine | Title: Remodeling | 3/26/2001 | See Source »

...honest: When it comes to carousing and suckling at the teat of demon rum, I always imagined myself to be, well, a bit of a lightweight. Did I enjoy a nip of Jack Daniels, a snifter of sherry or a tall glass of Spaten from time to time? Sure. But did I binge drink? Surely not. Surely that was reserved for the hardier types, the Spee-men and Sigma Chi brothers, the strapping rowers and the bosomy Grille girls...

Author: By Ross G. Douthat, | Title: A Toast to Binge Drinking | 2/26/2001 | See Source »

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