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...Just look at housing, Americans' economic insurance policy/bungee cord throughout this downturn (low interest rates + more mortgages = extra wealth for consumers). The Commerce Department reported Friday that new home sales were up a whopping 6.4 percent in December, and the National Association of Realtors said existing home sales rose 0.6 percent. So far, so good...

Author: /time Magazine | Title: The Markets Are Festive — But Beware the Hangover | 12/28/2001 | See Source »

...around caught fire. The brief blaze was not the only excitement. Rumors of DeNiro, Paltrow, Douglas and Zeta-Jones cameos proved false, but other Judds sang Love Can Build a Bridge. Inside, fires blazed in their proper places, and the marriage bed was strewn with specially airlifted-in red rose petals--and extra tartan blankies...

Author: /time Magazine | Title: People: Dec. 24, 2001 | 12/24/2001 | See Source »

DIED. ASHOK KUMAR, 90, Indian actor who appeared in some 250 films over 60 years; in Bombay. A law school graduate, Kumar rose to stardom in the megahit Achhut Kanya (1936) playing a young Brahmin who falls in love with a low-caste woman...

Author: /time Magazine | Title: Milestones Dec. 24, 2001 | 12/24/2001 | See Source »

...billion in debt at his company, but Sup, 53, is working on a deal that offers hope. Earlier this month he met with the CEO of rival Micron Technology, based in Boise, Idaho, to pursue a variety of strategic partnerships. The day after the talks were announced, Hynix stock rose...

Author: /time Magazine | Title: People to Watch in International Business | 12/24/2001 | See Source »

...Defense lawyers rose to Brinkema's defense when former Sen. Robert Dole, during his 1996 presidential campaign, labeled Brinkema and several other federal judges "soft on crime" at a time when Republicans were attacking individual judges for rulings they felt were too lenient. Dole focused on a case in which Brinkema reduced the sentence of a man she convicted for plotting to kill a former martial arts instructor. She rejected his insanity defense, but cited his diminished mental capacity in sentencing him to 21 months in prison rather than up to 9 years. The appeals court overturned the sentence...

Author: /time Magazine | Title: Terrorism Trial Judge Will Brook No Nonsense | 12/19/2001 | See Source »

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