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...Kelly, though, does look a little worried about California, which he says has "localized problems" but is definitely in danger of giving Green Mountain's deregulation raison d'etre a very bad name. But with Bush standing firmly against price caps and behind market forces, no matter how cruel, the Coca-Cola salesman figures the tide is still running in his direction...

Author: /time Magazine | Title: Why a 'Cleaner-Energy' Guy Doesn't Fear a Smokestack-Loving White House | 5/16/2001 | See Source »

...disclosures provide, it?s his decision," says Goldfarb. And while McVeigh has waived appeals in the past, he may see recent developments as a golden opportunity to drive his point home. "It?s possible McVeigh might want to pursue this particular line of appeal because it?s about his raison d?etre: government mistakes," says Goldfarb...

Author: /time Magazine | Title: In the End, It'll Be McVeigh's Call Whether to Fight On | 5/15/2001 | See Source »

...Friday, encouraging reports for April on retail sales (up), consumer sentiment (up) and wholesale inflation (pretty tame) put a dent in the unanimous expectation that the Fed heads would chop another 50 basis points, or a half-point, off the short-term interest rate that is the Fed's raison d'etre. Theoretically, Fed cuts take 6-18 months to work their magic in the economy (though the stock market "wealth effect" has in recent years been credited with speeding that up). If consumers, flush with mortgage-refinancing cash and a hard-earned cynicism about the market...

Author: /time Magazine | Title: Why Greenspan Won't Slow Down Now | 5/14/2001 | See Source »

...inside this looking- glass world, nothing is quite the genuine article. The Louis Vuitton bags are made in Guangdong; many of the impressive skyscrapers are empty; the women are lovely, but that beauty might have been bought from Shenzhen's army of plastic surgeons. Even the money, Shenzhen's raison d'etre, is suspect: local buses alone collect $160,000 in fake coins every year. Shenzhen has all the license, 24-hour fun and behind-the-set tragedy of the world's worst border towns?albeit one with skyscrapers and a blizzard of cash...

Author: /time Magazine | Title: Crossing The Line | 5/7/2001 | See Source »

...longer exists in the age of cable. Instead, the networks exist as funders and aggregators of programming. A Fox or NBC is merely a helpful mnemonic to remind you where to find "Ally McBeal" or "Providence." In some cases, they've reconceived themselves not as broadcasters, but brands: the raison d'etre of The WB, say, is to be your one- stop-shopping source for teenage-witch dramas...

Author: /time Magazine | Title: How Reality TV (Just Maybe) Saved the Writers from Themselves | 5/4/2001 | See Source »

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