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...does Dr. Pangloss rule unchallenged? Not quite. Lindsey sights two potential clouds on the long-range horizon. The more hazy threat, in an expansion still heavily dependent on business investment, is a decline in the yield on marginal investments--the last and most speculative dollars sunk into a venture. Lindsey's scenario: "The marginal investment yields a rate of return which is below the rate demanded by the markets. All of a sudden these investments don't look so good. A few bond issues fail. The economy can be going along just fine, and all of a sudden this hits...

Author: /time Magazine | Title: TIME Board of Economists: The Good Bad News | 9/25/2000 | See Source »

...with much of the hull flooded, the 14,000-ton Kursk could now be a waterlogged 30,000 tons, even more difficult to handle. A chilling but possible alternative is to leave it on the seabed, along with the six other nuclear submarines, four of them Russian, that have sunk in the age of the atom. The double steel hull of the Kursk will provide some containment for the reactors, which are encased in heavy, steel pressure vessels. The submarine would provide a grim and poignant memorial for the 118 sailors who served, and died, onboard...

Author: /time Magazine | Title: The Fatal Dive | 8/28/2000 | See Source »

...meaning the most knowledgeable man in the village (a title not bestowed on Vice President Dan Quayle during his 1991 visit to the same place). "I came to Nigeria to express the support of the people of the United States," Clinton told the crowd, penned in by bamboo fences sunk into fresh concrete. "We want to help you build your economy, educate your children and build a better life in all the villages of the country...

Author: /time Magazine | Title: In Nigeria, Clinton Sees a Work in (Slow) Progress | 8/28/2000 | See Source »

...American secret agent (Mosi Ayindi Secret '01) doing a very basic acting trick; facing the audience, he shaves as if he is looking into a mirror. The perfect pantomime of his toilet hoists the audience into a dramatic enchantment and reminds one of just how far we've sunk in this summer of real-world television. While we can see plenty of people plucking lettuce from their teeth from cameras hidden behind real mirrors, it's really so much better when it's fake. So what if the Cold War is over? See Hapgood and suspend disbelief. It's better...

Author: By Carla A. Blackmar, CRIMSON STAFF WRITER | Title: Spies and Thrills Abound in 'Hapgood' | 7/28/2000 | See Source »

...Probably not enough kudos, however, to keep black Oklahoma congressman J. C. Watts on the running-mate list. And speaking of racially based calculations: another hopeful just struck off the veep roster, one supposes, is Christine Todd Whitman, though for different reasons. The New Jersey governor sunk further into her own racial-profiling mess when a photo of her, gleefully frisking a black man on one of her ride-alongs with the cops, hit the papers Tuesday in full glory...

Author: /time Magazine | Title: NAACP Claps for Bush; Votes Unlikely to Follow | 7/11/2000 | See Source »

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