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...NASCAR President Mike Helton said that NASCAR was more interested in improving safety in the future than in assessing blame for Earnhardt?s death. Some of the new safety measures planned include...

Author: /time Magazine | Title: The Dale Earnhardt Crash: Answers Still Hard to Come By | 8/22/2001 | See Source »

...blame the Federal Reserve. Chairman Greenspan has done his part by cutting short-term rates deeper and faster than at any time since the 1990-91 recession. When the Fed meets Aug. 21, he is likely to drop the benchmark Fed Funds target rate again--to 3.5% from the current 3.75%. That rate...

Author: /time Magazine | Title: How Bond Traders Hold Us Back | 8/20/2001 | See Source »

...Blame this predicament on Wall Street's bond traders, a hopelessly sullen bunch bent on blocking a recovery. They are the ones keeping long-term rates high. The traders, not Greenspan, set rates by bidding bond prices up and down on the open market, moving yields in synch with their world view. That view for much of this year has been that things aren't getting any worse. See what I mean by hopeless? Last week, outplacement firm Challenger Gray & Christmas reported that layoffs announced in July hit an eight-year high. Retail sales are falling off a cliff...

Author: /time Magazine | Title: How Bond Traders Hold Us Back | 8/20/2001 | See Source »

...media are to blame for the sudden fear that has resulted from recent shark attacks. As humans, supposedly being of high intelligence, we should know the ocean is the shark's territory, its home. We enter at our own risk. We know from common sense that sharks live in the ocean, that surfers resemble seals and that dusk is an inappropriate time to go swimming, especially alone. Sharks are fascinating creatures of the seas and should get some respect. KIM FRILEY Columbus, Ohio...

Author: /time Magazine | Title: Letters: Aug. 20, 2001 | 8/20/2001 | See Source »

...involved. But there is a theory that the Indonesian government is tolerating or encouraging piracy to get aid for better boats and equipment," he says. "Certainly they don't seem to be doing anything to stop it." He proposes a draconian solution: sanctions against Jakarta. Meanwhile, Indonesian patrolmen blame Singapore for what they say is a total lack of cooperation. Despite its squeaky clean reputation, they say, Singapore's patrols never follow up on their alerts when a pirate they are pursuing slips into Singaporean waters. They add that the city-state is a hub for smuggling - oil, wood, rattan...

Author: /time Magazine | Title: Buccaneer Tales in the Pirates' Lair | 8/20/2001 | See Source »

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