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...statistical drop in unemployment does lessen somewhat the Fed's fears about the psychological effect of rising unemployment on consumers. Based on this report, I'd say the Fed is likely to cut rates on June 27 by only 25 basis points instead of the 50 points we've gotten accustomed...

Author: /time Magazine | Title: 'This Shows How Dynamic the U.S. Economy Still Is' | 6/1/2001 | See Source »

...Golfers who envision a host of "disabled" golfers - bad hip, bad back, asthma - queuing up for their own motorized crutches, not to mention other disabled athletes, see the Supreme Court's 7-2 ruling somewhat more broadly. (Jack Nicklaus is just plain annoyed: Learning that the justices had ruled that walking was not an integral part of the game, the living legend growled, "I think we ought to take them all out and play golf? I think they'd change their minds. I promise you, it's fundamental...

Author: /time Magazine | Title: Casey Martin | 6/1/2001 | See Source »

...limited missile shield, don't see this as an overriding priority (neither, for that matter, does the Pentagon). Certainly, not something worth abrogating arms-control treaties over, especially since the technology is still at a stage when, from a scientific and engineering point of view, the system remains somewhat hypothetical. So despite President Bush's oddly New Democratic offer to share a little of the NMD pork with Russia's arms industry, Moscow is likely to dig in its heels against any abrogation of the 1972 Anti Ballistic Missile treaty, more confident now that the Senate will restrain Bush...

Author: /time Magazine | Title: How Jim Jeffords Changed the World | 5/29/2001 | See Source »

...Europeans had been somewhat nonplussed by the Bush administration, because despite the extremely narrow margin of its election victory it had set out to brashly, and unilaterally, make dramatic changes in the course of U.S. foreign policy. European diplomats speaking off the record had confided that they believed the Bush administration had ushered in an unstable and unpredictable era for the U.S., leaving many of its traditional allies inclined to simply wait out the four or eight years of his tenure. Those who want to see Washington playing a leading role, in consultation with its allies, on the international stage...

Author: /time Magazine | Title: How Jim Jeffords Changed the World | 5/29/2001 | See Source »

Even though we're single, we don't feel alone, and even though our families may be somewhat "bent," they hardly feel "broken." Yet, we note, whenever people talk about "family values," they're not talking about us. But come by on Sunday nights and take a look at our rickety family--the one pieced together from leftovers--and it will seem as healthy, happy and "normal" as any in the "married with children" column in the Census...

Author: /time Magazine | Title: The Single Life | 5/28/2001 | See Source »

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