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...Well, there it is: ten months and six Fed interest rate cuts into this slowdown, inflation is nowhere in sight. Friday, the Labor Department reported that the PPI - the Producer Price Index, which measures commodities prices - fell 0.9 percent in July, its biggest decline since August 1993 and a whole lot more than the 0.3 percent forecasters had settled on. (Those guys seem to be wrong an awful lot lately, don?t they? Maybe somebody should...

Author: /time Magazine | Title: Watch Out For Falling Prices | 8/10/2001 | See Source »

...days,” a driver once growled to me)—and they all have stories to tell of not even just fortunes lost, but of simple difficulties making ends meet when businesses are cutting back, prices are still sky high and the end is nowhere in sight...

Author: By Robin S. Lee, | Title: POSTCARD FROM SAN FRANCISCO: The New New Economy | 8/10/2001 | See Source »

...corner cafe. Sure, it's hard to give up traffic control and Air Force One. But he makes himself a movable feast, providing sidewalk entertainment to a surprised group of rock fans waiting for the Dave Matthews Band in front of the Rihga Royal hotel. A frequent sight on the New York-to-Washington shuttle, where the prevailing ethic is no eye contact, Clinton works the aisles until forced to take his seat...

Author: /time Magazine | Title: Showtime at the Apollo | 8/8/2001 | See Source »

...Finally, you're in. There's no denying the first sight is awesome. The gardens, the ornamental fountains, the minarets, the enormous marble arches. You won't feel cheated. It is big enough. It is white enough. It stands against a clear skyline. The symmetry is perfect. As your senses recover, however, the brilliance fades. Plastic bottles litter the lawns, the canals are dirty, guides offering tours for an inflated price are maddeningly insistent. The colored engravings are chipped and, in places, have fallen off. The graves in the basement are off-limits, the entrance blocked with untidy wire mesh...

Author: /time Magazine | Title: The Taj Mahal Struggles to Keep its Luster | 8/6/2001 | See Source »

...passed, and the Nevermind box set debacle appears destined to overshadow any public discussion of its anniversary. "Our Band Could Be Your Life" offers a timely reminder that Cobain and company were merely a key regiment in the motley alt-rock army. With no beacon of commercial viability in sight, that far-flung herd of musicians, label heads, college radio DJs and `zine writers slowly but steadily introduced a new kind of rock `n' roll to people who, in Azerrad's words, "would seek out the little radio stations to the left of the dial that didn't have such...

Author: /time Magazine | Title: The Bands that Made Nirvana | 7/31/2001 | See Source »

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