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...What I?m going to do instead is relate the strange tale of Brad Faxon, a fellow who happens to agree with my way of thinking and who, in 2000, acted upon that philosophy-in spades. The experience saw him win big for losing, profit mightily by suffering the humbling experience of having not qualified for an event. The stuff and substance behind this apparent paradox says something about golf today, and speaks volumes about...

Author: /time Magazine | Title: Brad Faxon?s Odd Odyssey | 7/16/2001 | See Source »

...Some 1,200 companies will showing their balance sheets to Wall Street this week, a data dump of crunched numbers, profit forecasts and other financial mumbo-jumbo that will only confirm what everybody's supposed to know by now: Business, in the second quarter, was lousy...

Author: /time Magazine | Title: The Street This Week: Beware the Bounce | 7/16/2001 | See Source »

...testimony, Clark paraded the same agreeable cool that had pacified so many South Philly punks. He admitted that he had made some nice returns on his investments: a $125 stake in Jamie Records earned him a profit of $11,900. He acknowledged that he owned a startling 27% investment in records he had played on "Bandstand." He didn't say any of this was kosher; he just said it wasn't against the law. As he noted later in "Rock, Roll & Remember," his autobiography: "A record company could give a disc jockey $100,000, a list of records with...

Author: /time Magazine | Title: Philly Fifties: Rock 'n Radio | 7/14/2001 | See Source »

Thus, for most Californians, the whole mess stinks of politics. Indeed, 74 percent of Californians in the Times poll said that they “strongly agree” that power companies have manipulated prices in order to make a profit. Bush has gotten even worse ratings from Californians than Davis. The poll showed that 65 percent disapprove of the way he has handled the electricity shortage. For now, Davis still has a lead in the polls over Riordan, but the election is many months away. Once the political slugfest gets into gear, Californians may hold Davis responsible for their...

Author: By Jonathan H. Esensten, | Title: POSTCARD FROM LOS ANGELES: Power Politics | 7/13/2001 | See Source »

...what they pay depositors - the lower the better. Longer-term rates, like the ones on 10-year bonds, are the ones they use to charge borrowers. The lower Greenspan goes, the bigger the spread between the two - all else being equal - and the more the banks profit...

Author: /time Magazine | Title: Stacking The Fed | 7/13/2001 | See Source »

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