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Economists ponder the wealth effect the way many of us ponder alien life. They're pretty sure it's out there--but they can't prove it, they don't know how big it is, and they haven't a clue if it's dangerous. All of which is creating a bit of a stir among the dismal-science lot as their famous and thought-to-be-flawless colleague, Alan Greenspan, relentlessly jacks up interest rates to wage an undeclared war on this vague creature...

Author: /time Magazine | Title: Who's Going Too Fast? | 4/3/2000 | See Source »

...accelerated by a tremendous brain drain." The destination? The U.S.A., whose relatively relaxed immigration policies have made it a magnet for the smart and productive elements from all over the world, who in turn have helped keep the U.S. economy out in front. While governments from Berlin to Tokyo ponder the findings, Washington is spared any such handwringing - far from shrinking, its population will actually increase 70 million over the next 50 years. "There's a general consensus among demographers that the U.S. has greatly benefited from its relatively open immigration policy by attracting some of the best brains...

Author: /time Magazine | Title: Why the Old World Needs a Shot of New Blood | 3/21/2000 | See Source »

...Although the treatment of the Holocaust in "Memory and Reconciliation" is sure to attract the most attention, there is plenty more for observers to ponder. It questions some of the more important episodes of church history in the Middle Ages, such as the Crusades, in which military campaigns ordered by the Vatican resulted in the deaths of tens of thousands of Muslims, Jews and Orthodox Christians, and the Inquisition, in which the Vatican authorized torture as a means of extracting confessions from "heretics." The document challenges many of the practices of the church in the New World, by criticizing forced...

Author: /time Magazine | Title: Catholics Divided by Vatican's Mea Culpa | 3/10/2000 | See Source »

...spring drama season draws near, aspiring student playwrights ponder over how to transform their works into staged productions that can be viewed and appreciated by an audience of their peers in the Harvard community. For many, finding enough time, resources and publicity poses a problem. In hopes of broadening the opportunities for student playwrights, the Student Playwrights Project was recently organized. Cary McClelland '02 is heading the endeavor and, in his view, the Student Playwrights Project is an "an attempt to provide student writers on campus the opportunity to stage their work with minimum effort and maximum publicity...

Author: By Yvonne Garcia, CONTRIBUTING WRITER | Title: Playwrights in Residence | 2/25/2000 | See Source »

...curtain? Each of my flights leaves me to ponder this question. Is it that my stewardess may get confused as to which social class she's attending to this week? Perhaps it's to prevent the elite from seeing that there are others on their airplane. No, surely they're smarter than that. Clearly, I conclude, it is a Maoist declaration of my proper place in a society that exists only at 32,000 feet...

Author: By C. MATTHEW Macinnis, | Title: Fifteen Minutes: Not My Friendly Skies | 2/17/2000 | See Source »

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