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...error occurred while processing this directive] Decline it has. At Tuesday's nadir, the Dow had lost 762.87 points from its record high of 9,337.97 on July 17. And although the indicator is still up 8.4 percent on the year, that figure was once 18 percent. Is the boom of the Clinton years finally over? Kadlec says that with so many people with money in the stock market, recession worries could be self-fulfilling. "The effects of Asia are hitting U.S. companies hard, but consumers at home are still spending," he says. "But if the stock market stays gloomy...

Author: /time Magazine | Title: Look Out for Falling Dow | 8/4/1998 | See Source »

...relic and open it. Trouble is, the union can't find it, and the only record the group has of who said what comes from a couple of newspaper clippings. One story says the time capsule was installed in the building's "walnut-paneled boardroom." That, unfortunately, was an error...

Author: /time Magazine | Title: Missing In Action | 7/27/1998 | See Source »

Whenever Congress writes new tax laws, it makes mistakes. Usually they get fixed. But when such an error granted a windfall to those who inherit estates worth more than $17 million a year, Rep. Bill Archer (R., Texas), chairman of the Ways and Means Committee, made sure that provision stayed just as it was. His action will save about $200,000 each for a few hundred heirs each year. Cost to the Treasury: $880 million over 10 years. If you're one of the lucky few, you can call to thank Archer...

Author: /time Magazine | Title: Your Money: Jul. 6, 1998 | 7/6/1998 | See Source »

...June 7 CNN story that aired on NewsStand: CNN and TIME, and a companion piece in TIME written by the CNN journalists, which alleged the U.S. military used Sarin nerve gas and killed American defectors in Laos during the Vietnam War, was in error...

Author: /time Magazine | Title: TIME and CNN Retract Nerve Gas Story | 7/2/1998 | See Source »

...course, to paraphrase Mark Twain, rumors of Bob Hope's demise were greatly exaggerated. Despite the momentary trauma it probably caused his family, friends and fans, the AP's grave error (no pun intended) did allow Hope the chance to hear Congressman Bob Stump (R-Ariz.) solemnly announce on the floor of Congress that "I have the sad responsibility to tell you this afternoon that Bob Hope passed away. We will all miss him very much." Adding a bipartisan twist to the tribute, Congressman David Bonior (D-Mich.) echoed Stump's sentiments. "We are all saddened by his passing," said...

Author: By Rustin C. Silverstein, | Title: POSTCARD FROM CAMBRIDGE | 6/26/1998 | See Source »

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