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Dates: during 1990-1999
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...game of chicken was being played out. Currency speculators--the kind of financial gamblers whose cold-bloodedness could freeze mercury at 10 paces--made a run at the Hong Kong dollar, essentially trying to force its value vs. the U.S. dollar lower by manipulating the supply. It's the type of monetary maneuvering that doesn't mean much to most of us. Yet had the speculators won--and the game isn't over--the economic damage could have been huge, and the already wobbly U.S. stock market would have understood the true meaning of the word correction...

Author: /time Magazine | Title: When Currencies Collide | 8/24/1998 | See Source »

With so many formats to choose among, is a VHS vs. Betamax-type standards war brewing? Could be. Some electronics companies are lining up behind one or another product, although many say they will probably sell them all. Other standard setters, such as Panasonic, don't sell any in the U.S. yet. For any recording scheme to go mainstream, it will have to get even cheaper and simpler, according to Chris Muratore, an analyst at Soundata, Inc., a market-research firm based in Hartsdale, N.Y. But there's clearly an appetite for recordable-music formats. According to Muratore's research...

Author: /time Magazine | Title: A New Spin | 8/24/1998 | See Source »

...former owner of the Sunnymede Mansion at 2 Old Glen Road was a genteel British woman, an Old World type who raised horses on the grounds and decorated its interior with Victorian furniture. She often invited neighbors over for tea and cucumber sandwiches, impressing them with her upper-crust authenticity. "She was such a lovely lady," says Elizabeth Smith, who lives just down the street. But a few years ago, the house changed hands, and last week the neighborhood learned that the current owner had, according to police, converted the beloved estate into an equally well-regarded bordello...

Author: /time Magazine | Title: The Best Little Whorehouse In Jersey | 8/24/1998 | See Source »

...different about Dempsey and her husband Robert. One Christmas shortly after they moved into Sunnymede, the Dempseys invited most of the neighborhood to their house for a lavish soiree. Champagne flowed in rivers. "We're mostly straitlaced Methodists," Elizabeth Smith says. "She seemed like a party girl. Not my type." Soon after, the couple divided Sunnymede's 3.2 acres into individual plots and built houses for sale on them. It irked longtime residents. "It was like she was fattening up everybody before she did it," says a neighbor. "And no one was ever invited over again." Nor, neighbors recall...

Author: /time Magazine | Title: The Best Little Whorehouse In Jersey | 8/24/1998 | See Source »

...know. It's up to him giving me a call or that type of thing...

Author: /time Magazine | Title: Tony Bennett | 8/24/1998 | See Source »

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