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...coming quarters. And that is precisely why Asia's problems are a world event. It means big companies won't make as much money as their sky-high stock prices demand. And that gets to the heart of the problem. It's not so much that companies can't thrive without exports to Asia; it's that ebullient investors have put such absurdly high prices on stocks that even a minor disappointment in earnings will let out a lot of air. Consider Citicorp, which gets about 20% of its profit from Asia. Cut the Asian profit in half...

Author: /time Magazine | Title: WHY THE ASIAN CRASH MATTERS TO YOU | 11/3/1997 | See Source »

...very long. This seems self-evident. But our collective memory is often short-lived, and we have to keep reminding ourselves that today's economic euphoria tends to anesthetize any trace of yesterday's lugubriousness. Also, vice verse. Certain kinds of institutions, however--and especially universities--cannot exist or thrive if they allow themselves to ride too closely the ups and downs of every minor or major boom or bust...

Author: NO WRITER ATTRIBUTED | Title: Excerpts From President Rudenstine's Speech to Alumni Leaders | 10/27/1997 | See Source »

...sole proprietorship over "taking responsibility" for our world. History has shown that this formula inevitably leads to others' ending up ignored, oppressed--or worse. The Promise Keepers display newfound zeal in taking charge, but since prebiblical days women, with their minds, imagination and participation, have been helping our society thrive. Let's not assume failure when women lead. REBECCA BERMUDEZ Los Angeles...

Author: /time Magazine | Title: Letters: Oct. 27, 1997 | 10/27/1997 | See Source »

...Hillary Rodham Clinton and her cohort of leading-edge Baby Boomers turn 50, it's time to take stock. Women are no longer forced to decide between children and careers (although our salaries are still only about 70% of men's). The kids survive; some thrive, despite the time bind of two parents running from work shift to home shift. We're tired--studies find women sleep fewer hours a week than their husbands--but happy...

Author: /time Magazine | Title: MOM'S WAY AND MY WAY | 10/20/1997 | See Source »

...course, many of us thrive on the heavy workload or we wouldn't be here. I know I enjoy being frantically busy, even though I complain about it. I work better under pressure. I like having a lot to do. After two or three weeks of summer laziness I get fidgety and cranky. I'd rather push myself by taking on just a little more than I should...

Author: By Malka A. Older, | Title: It's Easy To Forget To Do Nothing | 10/3/1997 | See Source »

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