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...that the sector's monthly contractions got smaller again in December, pushing the group's index to 48.2 from 44.5 in November. Which is almost 50, which is almost an expansion again. And the "new orders" component for the month, the most forward-looking part of the report, actually rose above that crucial halfway point. And semiconductors, the commodity to watch for tech's 2002 fortunes, also got a good grade Wednesday when the Semiconductor Industry Association said that chip sales rose 1.6 percent in November to $10.6 billion...

Author: /time Magazine | Title: The Economy: Just Like Last Year? | 1/2/2002 | See Source »

...next day, history rose up and growled. And with that the testing began. Sometimes the greater the tragedy, the easier it is to learn wrong lessons from it: truth turns into myth, mortals into heroes, luck into fate, scars into badges. It is hard for the fire fighters, brave as they are, to be greeted as heroes everywhere they go, proposed to in bars, showered with gifts, when in private they know that many of them cannot sleep and cannot think and cannot find words longer than two syllables, and on the days they don't wake up feeling terrible...

Author: /time Magazine | Title: Person of the Year: Rudy Giuliani | 12/31/2001 | See Source »

...been a precipitous fall for Joseph ("Erap") Estrada, the playboy who rose to fame as a movie star and then garnered infamy as a President. Of his legendary appetites, for women, drink, gambling, food, he can now only assuage the latter. And while he sits before a table groaning with his favorite dishes?plates of lechon and cheese, vats of bird-fetus soup and sweet rice-paper rolls, all hustled across town from the fully staffed kitchen of his family home?he tries to conjure his old enthusiasm, to reawaken the fire that he rode to his populist successes...

Author: /time Magazine | Title: Estrada on Ice | 12/31/2001 | See Source »

...more bluntly: "Prior to 9-11, he was perceived as a bumbling idiot, incapable of true leadership. His response to 9-11 has proven to the world that he is a man of compassion, patience, and action." ... "The dummy act was over and the strong, unintimidated commander in chief, rose to the occasion." ... "We weren't sure about him until the attacks...

Author: /time Magazine | Title: Readers' Choice | 12/31/2001 | See Source »

...showed us how to rise to an occasion of crisis and, in doing so, to redefine one's life"), while others contrasted his grace under fire with his previous, harsher image as "a bully for most of his two terms"; "ruthless, uncaring ... not a very nice guy," who "rose to his moment magnificently. He gave voice to our city, and it was the right voice, at the right time." Giuliani "became the leader we always wanted and brought New Yorkers, and I think Americans, together." And most important, "Dude put a city back together and still made it to Yankee...

Author: /time Magazine | Title: Readers' Choice | 12/31/2001 | See Source »

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