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...freezes and cuts in one company or industry are a necessary feature of healthy competition, but when they spread through an entire economy, it is cause for concern. Federal Reserve Chairman Alan Greenspan recently signaled that he was prepared to cut short-term interest rates for the 13th time since January 2001 to guard against a corrosive bout of deflation, like the one Japan has endured for nearly a decade. Wage pressures and deflation "obviously go together," says Laurence Meyer, an economist and a former member of the Fed's board of governors. "When there is slackness in the economy...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

Marlin, who must now conquer his own fear of the great wet world, that "swirling vortex of terror," has a companion in his search: Dory (Ellen DeGeneres), a blue tang with a sunny disposition and a short-term memory problem. In their hunt for Nemo, they are aided and threatened by all manner of sea creatures: a menacing anglerfish, some not entirely trustworthy members of Sharks Anonymous, a school of shocking jellyfish and a family of surfer-dude sea turtles. In captivity, Nemo finds his own friends: Peach, the starfish (Allison Janney), and the tank commander Gill (Willem Dafoe...

Author: /time Magazine | Title: Hook, Line and Thinker | 5/26/2003 | See Source »

...technologies--such as hybrid electric-gasoline engines--out of confidence that Japanese automakers won't abandon them, or the technology, before they can recoup costs. The Big Three now want to outsource more R. and D. to suppliers, but Detroit has made low cost a priority, tending to negotiate short-term deals and drop contracts with partsmakers if a better offer emerges--resulting, sometimes, in mutual acrimony...

Author: /time Magazine | Title: Motor Trends: Why The Most Profitable Cars Made in the U.S.A. are Japanese and German | 5/19/2003 | See Source »

...School is depending on community support to be able to meet its short-term space needs—and establishing smooth relations with neighbors would also bolster the case for the school to remain on its current site...

Author: By Jessica R. Rubin-wills, CRIMSON STAFF WRITER | Title: Seeking To Build, HLS Woos Neighbors | 5/14/2003 | See Source »

...this point that 30 days from now, the MBTA will own the rail yard,’’ Grabauskas told the Globe on Saturday. He likened the Turnpike Authority to ‘’the drunken brother selling off the back 40 for a short-term fix, and we’re all going to suffer...

Author: By Alex L. Pasternack and Lauren A.E. Schuker, CRIMSON STAFF WRITERSS | Title: MBTA To Block Allston Purchase | 5/5/2003 | See Source »

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