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...volatility in their stock accounts," says Stuart Gabriel, professor of finance at UCLA's Anderson School of Management. The diminished value of stocks, falling home prices and fears about potential unemployment combine to create a negative "wealth effect," making consumers feel poorer. As a result, they spend less. Robert Hansen, professor of business administration at Dartmouth's Tuck School, says unprecedented uncertainty is making the public mood darker still. "People are so unsure of what's out there that they're expecting the worst," says Hansen...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

...might find in a cinder block. And then there were Eggleston's pictures of places where no one had ever bothered to point a camera before, like the green tiled interior of an empty shower stall or the strangely mesmerizing blackness of an open kitchen oven. In 1961 photographer Robert Frank said, "You can photograph anything now." But it took Eggleston to prove...

Author: /time Magazine | Title: Light Fantastic | 10/31/2008 | See Source »

...regarded as subversive. But perhaps it deserves a closer look. It starred Barbra Streisand, a notorious Hollywood lefty who also starred in The Way We Were, the 1973 weepie that glamorized frizzy-haired communists and left-wing agitators from New York City and derogated real Americans like handsome blond Robert Redford. In Hello, Dolly, Streisand plays a professional matchmaker who has her eye on Walter Matthau, playing a "well-known unmarried half-a-millionaire." At a key moment, she declares, "Money, pardon the expression, is like manure. It's not worth a thing unless it's spread around." Where...

Author: /time Magazine | Title: Obama, the Wealth Spreader | 10/31/2008 | See Source »

...indefatigable Army engineer Robert Furman, who died Oct. 14 at 93, drove more than four hours through a winter storm to dedicate the offices where he had worked 64 years earlier as a key aide to the head of the top-secret Manhattan Project...

Author: /time Magazine | Title: Robert Furman | 10/31/2008 | See Source »

...Furman, the "biggest miracle" of the past 63 years was that no other atom bombs had been used. His fervent hope was for that to remain so. My last memory of Robert, a barbershop-quartet member, was of him standing in the snow on Pennsylvania Avenue in Washington, singing peacefully...

Author: /time Magazine | Title: Robert Furman | 10/31/2008 | See Source »

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