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...Using the first part of his semi-annual testimony before the House Financial Services Committee as a sort of between-the-meetings preview of the FOMC's August 21 get-together, the Fed chairman did very cautiously indicate that the deterioration of the U.S. economy might be starting to slow down - and might even start to reverse itself by early next year. But he as much as shouted that last meeting's deceleration of the rate-cut regime to 25 basis points (instead of the usual 50) was almost certainly temporary...

Author: /time Magazine | Title: The Long Dark Night of Alan Greenspan | 7/18/2001 | See Source »

...spilling chemicals on myself when he walked by, or would help me overcome my stubborn streak and finally apologize to a once-close friend. And sometimes the cards worked their magic exactly as I'd hoped - one particularly successful Valentine's Day card paved the way to my first semi-serious relationship. (In ninth-grade terms, of course, that phrase means that we "dated" for more than two weeks during which time may have actually sat in the same room with each other for up to an hour...

Author: /time Magazine | Title: Decline of the Greeting Card: We Care Enough to Send Their Very Worst | 6/20/2001 | See Source »

...gang war. Since the arrival of the Palestinian Authority seven years ago, the society of the West Bank and Gaza Strip has been cracking under the dual strains of Arafat's corrupt rule and continued occupation by Israel. The intifadeh took those fissures and blew them apart. This semi-anarchy has alarming consequences. Take a trip along the fault lines of Palestinian society and imagine what it is like to live astride them...

Author: /time Magazine | Title: The Palestinians: Torn Apart | 6/18/2001 | See Source »

This morning, truck No. 11 in line to the U.S. belongs to Martin Castano. His dented Chevy pickup, loaded with pinatas shaped like Betty Boop and Winnie the Pooh, is dwarfed next to a semi carrying 15 tons of yellow bulldozer claws. Castano usually makes the trip twice a day and can pocket $150 each time. But because it would be easy to stuff marijuana inside Betty or Winnie, he is always waved over for inspection. Castano says he trusts his 12 employees to stay away from the drug smugglers, but he pays his men only $50 a week...

Author: /time Magazine | Title: La Nueva Frontera: Just Another Day In A Bridge Town | 6/11/2001 | See Source »

...WORLD TRADE BRIDGE The last semi, No. 3,902 for the day, reaches the checkpoint of the World Trade Bridge. Its load: 45 pieces of wrought-iron furniture, headed for the patios of the North...

Author: /time Magazine | Title: La Nueva Frontera: Just Another Day In A Bridge Town | 6/11/2001 | See Source »

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