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...role and influence of the Fed Chairman, whose principal job is to oversee monetary policy. His economic mission creep included commenting on everything from tax cuts and the housing market to entitlement programs. In 1996 he warned investors of "irrational exuberance," only to turn around and exacerbate the stock market bubble, his critics allege, by becoming a cheerleader for the New Economy. Many Fed watchers believe that by injecting himself--usually at Congress's request--into issues outside his official domain, he could have set a dangerous precedent for his successor, who could be blamed for problems beyond...

Author: /time Magazine | Title: Greenspan's Deficits | 4/25/2005 | See Source »

...Sawiris still sees plenty of opportunity to grow his business in the Middle East, but these days his appetite seems bigger. The Wind deal involves his own money, not Orascom's - in part so as not to destabilize the firm, which is publicly traded on the Cairo and London stock exchanges but is 57% owned by his family...

Author: /time Magazine | Title: East Meets West | 4/24/2005 | See Source »

Your Numbers column said John Antioco, CEO of the Blockbuster video-rental chain [April 11], received compensation of $51.6 million last year as the company lost $1.25 billion and its stock fell 47%. Would it follow that if Blockbuster had lost $5 billion, Antioco would have got $200 million? Only in the U.S. do we condone such obscene payment for bad results. Blockbuster's board of directors should be tarred and feathered by the company's stockholders...

Author: /time Magazine | Title: In God's Hands | 4/24/2005 | See Source »

...guaranteed to excite only engineers. But that's what Apple calls the components of Dashboard, a collection of customizable and incredibly useful widgets, each of which materialize on your desktop with a soothing ripple effect and look good enough to lick. There's a widget that tracks your chosen stock prices, a widget that translates any word into one of a dozen languages, widgets that converts currency, weights and measures, and a widget that searches the entire Oxford American dictionary and Thesaurus (which also ships with Tiger). Widgets do all the workaday stuff of the web-local weather, flight times...

Author: /time Magazine | Title: Tiger's Tale | 4/21/2005 | See Source »

About 30 million calls are expected to be made this year in California alone to special numbers that charge anywhere from 50¢ to $2 per call. For the fee, people can hear horoscopes, pornographic tales, children's stories, pop music, news or stock quotes...

Author: /time Magazine | Title: Business Notes: Nov. 25, 1985 | 4/18/2005 | See Source »

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