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...economy is slowing down. Consumer confidence is fading fast, along with PC sales, auto sales, manufacturing output, factory orders, orders for durable goods, incomes, retail sales - and portfolios. Wealth effect? With a week of sessions left in the trading year, NASDAQ is down 35 percent for the year, the Dow maybe 7 percent. This, remember, was the year the bubble burst for a nation of insta-millionaire dreamers...

Author: /time Magazine | Title: For Now, Fed Stays the Course | 12/19/2000 | See Source »

Historians may look back on this year as the thin edge of the e-publishing wedge, the moment when books made of paper and ink began sliding into digital obsolescence. But those not yet ready for the brave new reading world can mark 2000 by the extraordinary output of new fiction from big-name veteran authors, all producing energetic work at age 60 or older: Margaret Atwood, Saul Bellow, Doris Lessing, Joyce Carol Oates, Edna O'Brien, Philip Roth, Susan Sontag, John Updike. The year also brought posthumous books by Joseph Heller and Mario Puzo. The millennium...

Author: /time Magazine | Title: Books | 12/18/2000 | See Source »

Historians may look back on this year as the thin edge of the e-publishing wedge, the moment when books made of paper and ink began sliding into digital obsolescence. But those not yet ready for the brave new reading world can mark 2000 by the extraordinary output of new fiction from big-name veteran authors, all producing energetic work at age 60 or older: Margaret Atwood, Saul Bellow, Doris Lessing, Joyce Carol Oates, Edna O'Brien, Philip Roth, Susan Sontag, John Updike. The year also brought posthumous books by Joseph Heller and Mario Puzo. The millennium...

Author: /time Magazine | Title: Best Books 2000 | 12/7/2000 | See Source »

...most surprising output came from sophomore point-guard Elliot Prasse-Freeman. Known more as a distributor than a shooter, Prasse-Freeman scored 15 points in the first half to give the Crimson an 18-point halftime lead. After Clemente converted two three-pointers early but then cooled, Prasse-Freeman looked to shoot rather than pass, converting five-of-six from behind the arc in the first half...

Author: By Andy C. Poon, CONTRIBUTING WRITER | Title: Basketball Notebook: Shooting the Lights Out | 12/6/2000 | See Source »

Saudi Arabia doesn't like Saddam Hussein. And besides, there's money to be made pumping more oil at current prices. That meant good news Monday for Western consumers, as Iraq was forced to back off from its threat to cut its oil output and reopen the taps it closed last Friday. Baghdad was left little choice after the Saudis undertook to fill the shortfall left on world markets by the withdrawal of Iraq's daily output of 2.5 million barrels, thereby nullifying the impact of Saddam's latest gambit. Iraq had hoped that by raising pressure on the world...

Author: /time Magazine | Title: Israel Caught in Oil Squeeze Play | 12/4/2000 | See Source »

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