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Laura D'Andrea Tyson, dean of the Haas School of Business at the University of California, Berkeley, and chairman of the White House Council of Economic Advisers during the first Clinton Administration, pointed out that the Internet is starting to roll through financial industries as it has through American retailing. Big brokerage houses like Morgan Stanley Dean Witter and Merrill Lynch are launching online services against burgeoning upstarts like Charles Schwab and E*Trade--just as Internet-based brokers start to offer subscribers such customized services as video interaction with financial advisers. The losers? Maybe neither. "These new approaches aren...

Author: /time Magazine | Title: The Sky's The Limit | 2/21/2000 | See Source »

...jacked up interest rates another quarter of a percentage point. Further tightening could spook an increasingly jittery stock market, and the pressure for a bigger boost remains strong. Much of America's current wealth could evaporate with stunning speed. Despite big average increases in disposable income, Tyson pointed out, "savings rates are still declining, and no one knows what to do about that in any country...

Author: /time Magazine | Title: The Sky's The Limit | 2/21/2000 | See Source »

...story is heartbreaking, but it is, in its small way, an attempt at happier endings. In Mobile, as part of a program that began in November 1998, mothers are permitted to abandon their newborns at hospitals and walk away--no questions asked. In exchange, district attorney John Tyson has agreed not to prosecute the mothers if they bring the infants within three days of birth and don't harm them. "We're just trying to prevent a desperate situation," Tyson says. "If you could have a healthy, bouncing baby as opposed to a dead infant, which one would you choose...

Author: /time Magazine | Title: A Refuge For Throwaways | 2/21/2000 | See Source »

...need. Novelist Mark Leyner predicts, tongue slightly in cheek, that no longer will we have to go to sporting events to experience the thrill in person; blessed with technology, "you'll hop around your living room like a maniac as you actually experience the excruciating pain of Mike Tyson's incisors on your...

Author: /time Magazine | Title: Visions 21: How We Will Live and Play | 2/21/2000 | See Source »

...across the eyes by a high-sticking Tie Domi. Seated on your couch, you'll writhe in agony from lactic-acid accumulation at the end of an Ironman Triathlon. And you'll hop around your living room like a maniac as you actually experience the excruciating pain of Mike Tyson's incisors on your...

Author: /time Magazine | Title: Will We Still Go Out To The Game? | 2/21/2000 | See Source »

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