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...CONSUMERS Through the recession, shoppers' confidence stayed strong and spending barely declined, thanks in part to low interest rates and wide discounting, including 0% car loans. Incredibly, a third of all outstanding mortgages were originated last year--testament to the tidal wave of home refinancings that, on average, lowered homeowners' monthly payments by $100. Those who refinanced cashed out $100 billion of equity, says Frank Nothaft, chief economist at Freddie Mac. But, says Zurich Scudder's Allyn, the cash outs "are a little like eating your seed corn. It's not a long-term solution." Moreover, the refi boom...

Author: /time Magazine | Title: First, the Good News... | 3/18/2002 | See Source »

Moore’s game winner on Saturday night was highlight reel material, and a testament to his will and conditioning...

Author: By Timothy M. Mcdonald, CRIMSON STAFF WRITER | Title: M. Hockey Notebook: Grumet-Morris, Cavanagh Line Prove Key for Harvard | 3/11/2002 | See Source »

...scale sculptures ever produced in China. Remarkably organic and vibrant, human figures emerge from this giant mass of clay, but they are all connected, on top of or next to one another, all part of the same edifice. An entire park in Beijing is dedicated to this work, a testament to Lu’s skill and true feeling for his medium...

Author: By Steven N. Jacobs, CONTRIBUTING WRITER | Title: Lu Pinchang: Sculpting a Life | 3/8/2002 | See Source »

Twombly is a towering force in contemporary painting. This recent series is a testament to his sophisticated innovation and, more specifically, a stunning culmination of his continuous love of antiquity and his obsession of sorts with the making of boats. Born in Virginia in 1928, Twombly soon immersed himself in the rich histories, particularly in themes of warfare, of the Mediterranean cultures in his 1957 move to Italy...

Author: By Sarah R. Lehrer–graiwer, CONTRIBUTING WRITER | Title: Old Favorites and New Pioneers: New York Art | 3/8/2002 | See Source »

...Road was similarly the central work supporting the movement. Gilbert Millstein wrote prophetically in the New York Times’ first review of the book: “Just as, more than any other novel of the Twenties, The Sun Also Rises came to be regarded as the testament of the Lost Generation, so it seems certain that On the Road will come to be known as that of the Beat Generation.” But true as Millstein’s words are, his predictions have still fallen short of capturing the work’s full significance...

Author: By Lee HUDSON Teslik, CONTRIBUTING WRITER | Title: On Kerouac’s Road Again | 3/8/2002 | See Source »

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