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...stocks are finally near the bottom, which is the emerging consensus, a lot of market truisms fall neatly into place. Sure enough, in the end bear markets leave no places to hide. "Safe" havens like Coca-Cola and Philip Morris crashed more than 20% as the Dow plunged in June and July. Sure enough too, the collective wisdom of the market understands recessions better than the economists. Last week's revised figures show the economy contracted in not just one but three quarters last year. That deep pullback helps explain why the market began tanking in 2000, when economists were...

Author: /time Magazine | Title: Sunken Treasure? | 8/12/2002 | See Source »

...Behind the camera, however, some of the performances are a letdown. Director Pau, who won an Oscar for cinematography in Crouching Tiger, can frame a gorgeous scene, but has trouble keeping his story moving. He is not helped by Philip Kwok's jerky and unimaginative fight scenes or The Touch's lackluster special effects, used extensively whenever Yeoh does her flying thing and in the film's climactic fight?which takes place inside a fiery Buddhist shrine, but was clearly filmed in front of a blue screen. Neither realistic nor awe-inspiring, the special effects make the The Touch look...

Author: /time Magazine | Title: A Touch Familiar | 8/11/2002 | See Source »

...devotion and love for the secular world, a tension he experienced as the son of Orthodox Polish immigrants who deemed his work frivolous. Inspired by the writing of Evelyn Waugh and James Joyce, whom he read on the sly as a teenager, Potok, unlike religious skeptics Saul Bellow and Philip Roth, lovingly depicted the tight-knit, insular yet culturally rich community of the Orthodox and Hasidim...

Author: /time Magazine | Title: Milestones Aug. 5, 2002 | 8/5/2002 | See Source »

Assistant Dean of Freshmen Philip A. Bean, who spent the last two years dealing with everything from late study cards to a string of thefts in Greenough Hall, will leave Prescott Street next week to become associate dean of Haverford College...

Author: By Stephanie M. Skier, CRIMSON STAFF WRITER | Title: Assistant Dean Leaves FDO | 7/26/2002 | See Source »

...Irish backpacker, Jonathan O'Shea, was charged with helping two boys flee the troubled Woomera detention center in South Australia. The boys - whose asylum bid was rejected by the British consulate in Melbourne - were handed over to police and then flown back to Woomera. Australia's Immigration Minister Philip Ruddock said 14-year-old Alamdar Bakhtiyari and his brother Muntazer, 12, were neither refugees nor from Afghanistan, but Pakistanis whose father lived in Sydney. THE U.S. Intelligence Failure The U.S. Congress released a report listing failings by the Central Intelligence Agency (CIA) and the Federal Bureau of Investigation (FBI) before...

Author: /time Magazine | Title: World Watch | 7/21/2002 | See Source »

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