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...lethargy to Japan?s coma, deflation is its worst nightmare. Deflation happens when people simply refuse to buy stuff, and any money that gets put into the economy by the central bank just sits there, unborrowed, uninvested, unspent. And there?s almost nothing a Greenspan can do about it, except wait. (Hey - he's fine. He invested in Treasurys in 2000 and beat the Street by a mile...

Author: /time Magazine | Title: Watch Out For Falling Prices | 8/10/2001 | See Source »

...current framework of arms control treaties if those allies don't consent to the scheme. That, and the administration's rejection of a slew of smaller agreements on issues ranging from small arms to biological weapons has sent a message that Washington doesn't care much about any rules except...

Author: /time Magazine | Title: Six Months Of Bush Foreign Policy: A Report Card | 8/8/2001 | See Source »

...with its $350,000 annual rent (his first choice, Carnegie Towers in midtown, would have cost taxpayers $800,000), it was full-frontal Clinton--winking, mugging at the most mundane remarks, pointing excitedly into the crowd as if he had just spotted a long-lost friend or a donor. Except for Senator Chuck Schumer, stage center, trying to boogie with the homeboys, it was picture perfect, a routine ribbon cutting turned into exuberant street carnival. Cable dropped its split-screen coverage of Clinton alongside the current President giving a speech, and went with full-screen coverage of an ex-President...

Author: /time Magazine | Title: Showtime at the Apollo | 8/8/2001 | See Source »

...Except for Senator Chuck Schumer, stage center, trying to boogie with the homeboys, it was picture perfect

Author: /time Magazine | Title: Showtime at the Apollo | 8/8/2001 | See Source »

...region against the Dutch, which, if you didn't know about the cow poop, might strike you as an odd development. The industrialization of dairies, a national phenomenon, mirrors changes in the poultry and pig industries. In the Panhandle, the problem is pig poop, with exactly the same results, except there they are mad at the Japanese, who own many of the corporate farms. The pig poop gets into the playa lakes, round depressions in the high plains, and is starting to affect the Ogallala Aquifer. In East Texas it's chicken factories...

Author: /time Magazine | Title: Home, Home On The Latrine | 8/6/2001 | See Source »

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