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...dollar's decline is dangerous. "It is extremely negative from the perspective of U.S. stock and bond markets because we rely heavily on foreign investors," says money manager Mark Lay of MDL Capital Management, based in Pittsburgh, Pa. "The weak dollar discourages foreigners from investing in our markets. And that could have a catastrophic effect." Foreigners hold about 12% of the U.S. stock market, 23% of corporate bonds, and 44% of the Treasury market. That's more than $7.3 trillion of U.S. assets, equal to 73% of America's gross domestic product, according to researchers at Bridgewater Associates, a global...

Author: /time Magazine | Title: The Dollar Dilemma | 9/17/2001 | See Source »

...rumors from others walking, that I genuinely believed the entire East Coast of the United States had been attacked. According to those around me (and the occasional snippet from the radio), not only had the World Trade Center and the Pentagon been attacked, so had Camp David in Maryland, Pittsburgh and somewhere in Florida. Additionally, we heard that a car bomb had exploded outside the State Department in Washington. Obviously, we had no access to real-time information and the entire area was filled with a sense of panic and hysteria...

Author: By Gregory J. Davis, | Title: The End of Innocence: September 11, 2001 | 9/17/2001 | See Source »

...years ago, Christina Aguilera was just another teenager. Since then, the Pittsburgh native's self-titled debut CD and singles like Genie in a Bottle and What a Girl Wants have elevated her to one of the princesses of teen pop. Last year Aguilera released Mi Reflejo, a Spanish-language CD. In her new Beverly Hills, Calif., home, Aguilera, 20, relaxes with her puppy Stinky and talks to TIME about her next album and her new life as an adult star...

Author: /time Magazine | Title: Christina Aguilera: What A Woman Wants | 9/15/2001 | See Source »

...that was not all; there was a third front as well. At 9:58 the Westmoreland County emergency-operations center, 35 miles southeast of Pittsburgh, received a frantic cell-phone call from a man who said he was locked in the rest room aboard United Flight 93. Glenn Cramer, the dispatch supervisor, said the man was distraught and kept repeating, "We are being hijacked! We are being hijacked!" He also said this was not a hoax, and that the plane "was going down." Said Cramer: "He heard some sort of explosion and saw white smoke coming from the plane. Then...

Author: /time Magazine | Title: If You Want To Humble An Empire | 9/14/2001 | See Source »

...flight had taken off at 8:01 from Newark, N.J., bound for San Francisco. But as it passed south of Cleveland, Ohio, it took a sudden, violent left turn and headed inexplicably back into Pennsylvania. As the 757 and its 38 passengers and seven crew members blew past Pittsburgh, air-traffic controllers tried frantically to raise the crew via radio. There was no response...

Author: /time Magazine | Title: If You Want To Humble An Empire | 9/14/2001 | See Source »

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