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...these, of course, are examples of what Joseph Schumpeter, one of the giants of economics, called "creative destruction"--the replacement of old ways of doing business by better ones. Still, these changes will wipe out some jobs and, Munroe fears, stir resistance to the Internet among many people who feel economically threatened...

Author: /time Magazine | Title: E-Commerce Special / TIME's Board of Economists: The Economy Of The Future? | 10/4/1999 | See Source »

...insensitivity. It came from that dark side of man's nature which most assuredly spans the boundaries of class and education. Theodore J. Kaczynski was a Harvard man, wasn't he? And I recall that Fidel Castro, Ted Bundy, and Dr. Josef Mengele were "educated" men. Schooling can't wipe away bloodlust and evil from the human spirit--it paints them nicer colors, making them all the more horrible indeed...

Author: By Bronwen C. Mcshea, | Title: Harvard's Anti-Military Arrogance | 9/29/1999 | See Source »

Vince McMahon, chairman of the World Wrestling Federation: I would start with a nice pyrotechnic display, add some voluptuous women to wipe the contestants' brows. I guess I would also add hard rock music in there somewhere and some physicality. Whoever loses would be hit with a folding metal chair...

Author: /time Magazine | Title: 60-Second Symposium | 9/6/1999 | See Source »

Money managers call it the doomsday scenario, forseeing an event that could wipe out investor portfolios and wreak havoc on the stock market. The danger stems not from new financial woes erupting abroad but from something happening here. It is the explosive growth in margin debt--loans Americans take out to buy stocks. Margin debt has shot up to $180 billion at midyear, a 25% increase in just six months and by far the most ever recorded. It now accounts for 1.2% of the stock market's total capitalization...

Author: /time Magazine | Title: It's Debt Defying | 8/30/1999 | See Source »

...arrest of so many suspects reflects excellent police work and intelligence operations," says TIME correspondent William Dowell. "But police work isn?t enough to wipe out terrorism. Even if Bin Laden were to be put out of action, others would try to take his place. This isn?t a movement based simply on a charismatic personality; it?s based on a perception that injustices are being committed against Arabs and Muslims." That perception gives Bin Laden a steady supply of funds and recruits, despite U.S. attempts to put the squeeze on his international network. "To deal effectively with terrorism," says...

Author: /time Magazine | Title: Why Arrest of Bin Laden Pals Won't Change Much | 7/12/1999 | See Source »

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