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...deny that the surplus is shrinking, but they blame what they dub the Clinton economic slowdown. (Most economists blame the tax cut and the slowdown for the surplus shrinkage.) And the G.O.P. points out that even a reduced, $160 billion surplus amounts to the second largest ever. Republicans predict that Bush's tax rebate will soon give the sluggish economy a lift, generating more growth and higher tax receipts. And they claim that the real goal of the Democrats is to repeal Bush's tax cut. As Senator Pete Domenici, the ranking Republican on the Senate Budget Committee...

Author: /time Magazine | Title: The One That Got Away | 7/23/2001 | See Source »

...succeed, they would do best to adopt the non-violent methods of Gandhi and Martin Luther King, Jr. But there is, as yet, no one leader or organization capable of disciplining the ragtag, centrifugal anti-globalist demonstrators to nonviolence; and there is no coherent agenda. It's hard to predict what will happen, except that institutions like the World Bank, the WTO and the G-8 will change their travel plans and way of doing business: Smaller, more private meetings in secure, out-of-the-way spots. Perhaps they should fortify an island (Elba? One of the Dry Tortugas...

Author: /time Magazine | Title: Nonviolence Is the Only Way For G-8 Protesters | 7/23/2001 | See Source »

...techniques for gathering the cells are in quiet development; scientists are generally wary of disclosure, because public reaction is difficult to predict. Revelations that scientists at a privately-funded Virginia fertility clinic are growing human embryos with the intent of harvesting stem cells have provoked widespread hand-wringing, among both advocates and opponents of stem cell research. Advocates worry that publicizing such a blatant and systematic cell harvesting procedure can only harden hearts against the science; in the crude terms of public relations, using stem cells from discarded embryos is one thing, but purposefully creating an embryo only to dismantle...

Author: /time Magazine | Title: The Great Debate Over Stem Cell Research | 7/11/2001 | See Source »

...would be easy to give up on technology stocks. They're stumbling again, as the likes of Lucent and Nortel pile on bad news. Everyone knows about the glut of cell phones, PCs, chips and fiber-optic line gathering dust. Earnings stink across the board, and stock-market gurus predict we're headed for a demoralizing test of the April lows. In short, gloom is as plentiful as the routers and switches Cisco can't sell. So a lot of investors are hedging their allegiance to technology--and rightfully so. If you want easy odds, take the Lakers to threepeat...

Author: /time Magazine | Title: Rewinding the Tape On Tech | 7/2/2001 | See Source »

...creative and talented musicians of the past decade. I have looked forward to the release of the new CDs from rockers Tool and Weezer as monumental events in my life. However, I anticipate the demise of mindless, commercial teen pop even more. I hope that you are right to predict that the music industry is undergoing a major change and that CD sales and critical acclaim will inspire other rock acts to emerge. I have endured the boy and girl bands long enough. It's time for music buyers to prove that we won't go for the undertalented teen...

Author: /time Magazine | Title: Letters: Jul. 2, 2001 | 7/2/2001 | See Source »

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