Investor's Business Daily articles from April 2001

Investor's Business Daily archives from April 2001

Get The Most From Your Ad Agency: Lennar, Olive Garden Explain How.(A)
April 2, 2001... By Marilyn Much Investor's Business Daily If you've ever seen an Olive Garden TV spot, you probably recall the message: "When you're here, you're family." The tag line, used in all company ads, tells consumers that when they dine...

Double-Bottom Base Can Launch Strong Rally.(A)
April 2, 2001... By David Saito-Chung Investor's Business Daily If you're a prudent investor, the long wait for the market bottom drags on. But when it turns, how will you find the best stocks? Top growth investors go through a three-step process....

IBD'S TOP 10.(A)
April 2, 2001... Key Chicago Factory Index Hits 19-Year Low In March 1The Chicago purchasing managers index dived to 35.0, much worse than expected and the worst showing since April 1982. It was 43.2 in February. Readings over 50 suggest growth, below...

Psychologist William James His Dedication To Hard Work Changed Way We View Mind's Inner Workings.(A)
April 2, 2001... Byline: HABIT-FORMING: James said repeating behavior would train the brain, making desired actions increasingly easy. By Gloria Lau Investor's Business Daily William James was angry. He'd entered the field of modern psychology to...

Restaurateur Bob Nugent Focus On Improvement Brought Back Burger Chain's Sizzle.(A)
April 2, 2001... By David Saito-Chung Investor's Business Daily It was the winter of 1993, and Jack In The Bo x Inc. chairman and CEO Bob Nugent faced the worst crisis of his career. More than 500 diners fell ill at Jack In The Box shops in...

CUSTOMER SERVICE For Software Maker Unica, It's About Relationships.(A)
April 2, 2001... Byline: Brian Deagon Four years ago, Minneapolis Star Tribune executives worried that some ad dollars were slipping away. A few advertisers were shifting their spending into direct mail campaigns and away from the newspaper. So the...

TECHBITS.(A)
April 2, 2001... Heard On The Grapevine: Winery Auctions Go Virtual In vino veritas, quoth Pliny the Elder, but he never had to deal with onlinetrading exchanges. Even the long-established wine industry has climbed aboard the e-business bandwagon....

SEMICONDUCTORS IDT Makes Move Into China With Newave Purchase.(A)
April 2, 2001... By James DeTar Investor's Business Daily Semiconductor maker Integrated Device Technology Inc. is the latest U.S. company to join the mad scramble to set up shop in China. On Monday, IDT will take the wraps off a deal to buy Newave...

BUSINESS INTELLIGENCE Analytics Help Firms Sort Data Number-crunching programs fill a need for companies tracking online buying.(A)
April 2, 2001... By Murray Coleman Investor's Business Daily Corporate executives are finding that business intelligence takes more than just brainpower. Bombarded by facts and figures seven days a week, 24 hours a day, they're turning to...

STORAGE TECHNOLOGY Maxtor Faces Rough Road As Top Disk Maker.(A)
April 2, 2001... By Brian Deagon Investor's Business Daily Maxtor Corp. officially becomes the world's largest supplier of computer disk drives on Monday. It's an impressive feat, since the company was near death four years ago. Maxtor has just...

ANALYTICS E-Metrics Software Aims To Quantify Web Site Value.(A)
April 2, 2001... By J. Bonasia Investor's Business Daily A tidal wave of data is flooding online computer systems, drowning executives in a sea of information. As a result, e-business survival is a sink-or-swim affair. Many companies use analytics...

Users More Receptive To The Audio Products Tuned To Computers.(A)
April 2, 2001... By Ted Needleman Investor's Business Daily When upgrading their PC, few users think about audio. They'll start out by upgrading their new hard drive, then maybe add a monitor. Only then will they think about a new audio card or...

AT&T Gets Busy Selling Data Services To Businesses.(A)
April 2, 2001... By Reinhardt Krause Investor's Business Daily During Kenneth Sichau's 14 years at AT&T Corp., rivals chipped away at the long-distance phone giant's dominant market share. In response, AT&T's sales force usually played defense,...

BUSINESS-TO-BUSINESS Ocean Freight Lines Set Sail For E-Commerce.(A)
April 2, 2001... By Sheila Riley Investor's Business Daily Twelve of the world's biggest ocean freight lines are sailing under one cyberflag. They're members of a consortium called GT Nexus. The carriers on Monday wereset to announce that they'd...

Defense: Manufacturers of high-tech defense electronics benefit from consolidation and rising spending.(A)(INDUSTRY SNAPSHOT)
April 2, 2001... Byline: Reinhardt Krause When defense contractors talk about the "Last Supper," it has nothing to do with the Bible. They're recalling an earth-shaking event that still reverberates in the industry today. In 1993, the Pentagon told its...

EFUNDS CORP. /Milwaukee, Wisconsin A Company That Cashes In On Cashless World.(A)
April 2, 2001... By Kirk Shinkle Investor's Business Daily We might be moving toward a cashless society, but that doesn't mean there aren't new ways to cash in. Just ask eFunds Corp. The Milwaukee-based firm handles transactions for debit cards,...

MDC HOLDINGS INC. /Denver, Colorado Hammering Of Economy Doesn't Nail This Builder.(A)
April 2, 2001... By Adelia Cellini Linecker Investor's Business Daily Go figure the economy. It's heading south, yet home builders such as MDC Holdings Inc. are posting record growth. Why? Analysts point to lower interest rates and a bounce back in...

FIRST HEALTH GROUP CORP. /Downers Grove, Illinois Plan Manager Sees Benefit In Self-Insurance.(A)
April 2, 2001... By Robin M. Grugal Investor's Business Daily Most companies think of health maintenance organizations when they grope forways to cut health care costs. But with the recent rise in HMO premiums, alternative cost-saving measures...

NYSE Stocks In The News.(A)
April 2, 2001... Del Webb exploded out of a base in August, and scored a 115% gain through February. The stock settled into a base, which by Friday's end was seven weeks long. Several weeks ago, it found support at its 200-day moving average, a good sign. It's...

"STOP US BEFORE WE SIN AGAIN'.(A)
April 2, 2001... Finally, the World's Greatest Debilitating Body is set to work its will and pass the Incumbent Protection and Speech Muzzling Act. It's been nip and tuck. Those pesky defenders of the Constitution have been intransigent. They've insisted...

THE COURAGEOUS 64.(A)
April 2, 2001... Against the wishes of party leaders still trapped in a pro-tax mind-set, these Democrats endorsed the Bush plan to cut the tax on married couples and double the child tax credit. Out of conviction or simple self-interest, some Democrats are...

Outfoxing California: Mexico's President Seeks New Subsidy For Illegal Migrants.(A)
April 2, 2001... By Milt Shefter Mexican President Vicente Fox, addressing California's Legislature March 21,felt free to suggest another way for California to subsidize Mexico's economy. Fox called for California to grant lower in-state tuition rates...

If The Economy's Doing So Poorly, Why Haven't Auto Sales Tanked?(A)
April 2, 2001... By Donald H. Gold Investor's Business Daily Even as plenty of signs of a sharp slowdown in the economy have come to light, one key sector showed such surprising strength in February that many analysts were forced to rethink everything....

Court Takes Over Three Heartland Funds Troubled muni-bond funds put into receivership at request of SEC.(B)
April 2, 2001... By Paul Katzeff Investor's Business Daily In a rare action, a U.S. district court in Chicago has put Heartland Group'sthree troubled high-yield municipal bond funds into receivership. The court also froze assets of the...

Are Managers Warming To Stone-Cold Chips? Analysts see signs pointing to better sales comparisons in the autumn.(B)
April 2, 2001... By Joanne Legomsky Investor's Business Daily The weak economy has dragged down the semiconductor industry, but some market pros say it may be time to get your feet wet with chip stocks. "I'm telling people to move from an...

The Real Most Active.(B)
April 2, 2001... The Nasdaq pulled off a midday rally Friday, helping enda two-day losing streak. The composite added 19.69 points, or 1%, to 1840.26 on heavier volume. For the week it lost 5%. The Nasdaq 100 gained 0.7% to 1573.25. EPIQ Systems hit a new...

NASDAQ Stocks In The News.(B)
April 2, 2001... From late December to mid-February, Hot Topic advanced twofold. It's now working on the right side of a seven-week base, sitting 6% off its high. Its Relative Strength Line, which indicates whether a stock is leading or lagging the S&P...

"Money's Flowing' Table Tracks Big Movers.(A)
April 3, 2001... By Christina Wise Investor's Business Daily Staying on top of the market's swings and sways is always tough. But IBD's "Where The Big Money Is Flowing Now" chart at www.investors.com makes the task a little easier. The table on...

IBD'S TOP 10.(A)
April 3, 2001... China Keeps Plane, Crew As Bush Demands Return 1Despite President Bush's demand for immediate access to the 24 crew membersand plane, China indicated nothing would happen before Tuesday night. "I am troubled by the lack of a timely response...

Restaurateur Lawrence Frank His Emphasis On High Quality Set The Tone For An Industry.(A)
April 3, 2001... Byline: PRIME LOCATION: Frank put his prime rib restaurant on Los Angeles' La Cienega Blvd., now nicknamed restaurant row. By Nancy Gondo Investor's Business Daily One day, when Lawrence Frank's business partner was frying up a...

Desmond Mpilo Tutu His Courage Helped Bring Democracy To South Africa.(A)
April 3, 2001... By Curt Schleier Investor's Business Daily Desmond Mpilo Tutu believes you catch more flies with honey than with vinegar. Before he became a priest, Tutu taught at a high school in a poor black areaof South Africa. One day the...

TECHBITS.(A)
April 3, 2001... Fools Still Run Rampant On April 1 At Sun Micro Sunstruck, the pranks unit of Sun Microsystems Inc., struck again on April Fool's Day. Chief Executive Scott McNealy and No. 2 man Ed Zander had to prove themselves in what a Sun...

INTERNET CONTENT This Is The Dawning Of The Age Of Web Astrology.(A)
April 3, 2001... By Jed Graham Investor's Business Daily Astrology and the Internet might be a match made in the heavens. The Web has become a breeding ground for discussing out-of-this-world phenomena. But astrology sites aren't just built around...

WEB SERVICES Can RealNetworks Make Music With AOL, Bertelsmann?(A)
April 3, 2001... By Pete Barlas Investor's Business Daily RealNetworks Inc. is sharpening its phonograph needle in a bid to have the biggest jukebox on the Web. The audio and video software company on Monday entered a pact with AOL Time Warner...

MANUFACTURING Just Call Shanghai "Silicon Seaport' U.S. tech firms press ahead on plans to build billion-dollar plants in China.(A)
April 3, 2001... By James DeTar Investor's Business Daily As chipmakers pare back expansion plans, there's one place where new chip plants are still sprouting: China. Taiwan's already the world leader in chip contract manufacturers, or foundries....

AUDIO & VIDEO DG Systems Uses Net To Do Something Unusual -- Make Profit.(A)
April 3, 2001... By Pete Barlas Investor's Business Daily Digital Generation Systems Inc. has turned a profit for the past two quarters, but few outside the company seem to know or care. For its success in moving into the black, the San...

INTERNET AUDIO Sick Of The Same Old Song? Try These Sites.(A)
April 3, 2001... By Nancy Gondo Investor's Business Daily Does it seem like you've been listening to the same music from the same artists for years? It's easy to fall into a musical rut. The Internet can broaden your musical horizons. Music...

B2B E-COMMERCE Software Leader Ariba Is Facing Choppy Waters.(A)
April 3, 2001... By Murray Coleman Investor's Business Daily Ariba Inc., one of the pioneers in business-to-business e-commerce, is headed for troubled times. Critics argue that more than a softening economy is at the heart of the software maker's...

Hewlett-Packard's New Mantra: Let Us Entertain You.(A)
April 3, 2001... By Sheila Riley Investor's Business Daily Hewlett-Packard, with help from Internet media delivery company RealNetworksInc., is marching to the beat of a different drummer. The computer maker is stepping up its efforts in digital...

Amid Chapter 11 Filings, Wireless Firms WebLink, Metrocall Plan Merger.(A)
April 3, 2001... Wireless data provider WebLink Wireless Inc. and wireless data and messaging firm Metrocall Inc. on Monday said they have agreedto merge through concurrent Chapter 11 bankruptcy reorganizations expected to begin by May 15. The new company,...

MOBILE MINI INC. /Tempe, Arizona Bullish Junk Market Keeps Container Firm Busy.(A)
April 3, 2001... By Amy Reeves Investor's Business Daily Twenty years ago, you might not have thought you needed an answering machine. Nowadays you probably wonder how you ever got along without one. That's what the folks at Mobile Mini Inc. hope...

HOT TOPIC INC. /City of Industry, California Retailer Sees Big Growth In Plus-Sized Teen Wear.(A)
April 3, 2001... By Marilyn Much Investor's Business Daily Hot Topic Inc.'s Betsy McLaughlin knew she was on to something when customers started calling for trendy plus-sized clothes. As president and chief executive of the teen retailer,...

NYSE Stocks In The News.(A)
April 3, 2001... OM Group is working on the right side of a 13-week base.The stock is 9% off its high. The Cleveland-based firm makes metal-based chemicals and materials for a range of products, including air bags and circuit boards. Last quarter,...

Best Funds Through Bull, Bear Markets.(A)
April 3, 2001... Cash is king in a bear market. Take a look at the top holdings of the best mutual funds over the past decade and you'll find a lot of cash or some close equivalent. Are the savviest money managers on Wall Street also market timers? Not...

UNBURDENED BY CONSISTENCY.(A)
April 3, 2001... But then logic or consistency rarely burdens the green crowd. Public policy built on emotion, however, does. That's why Benjamin and the others had the gall to delay the state Public Utilities Commission meeting withtheir "We won't pay"...

ANOTHER PROMISE KEPT.(A)
April 3, 2001... We've heard none of that insulting talk of dragging $100through a trailer park, a la James Carville. Nor has Bush attacked Democrats personally, or twisted their views. Sadly, the same can't be said for the Democrats. Perhaps eight years...

BUSH'S CHINA TEST.(A)
April 3, 2001... Bush took to the bully pulpit Monday with the right mix of restraint and resolve. Saying the first step should be immediate access to the crew, Bush let the world know of China's flouting of the rules of diplomacy. He also appealed to...

Finding The Gold: Bush Should Use An Executive Order To Cure Deflation.(A)
April 3, 2001... By Jude Wanniski The reason there is so much confusion about the decline in the stock market and the growing signs of weakness in the economy is that we are experiencing a pure monetary deflation. It is of the kind that has occurred...

Would American Kids Get Smarter If Their School Year Was Longer?(A)
April 3, 2001... By Benjamin Kepple Investor's Business Daily California Gov. Gray Davis says his state's middle-schoolers aren't doing well enough in school. That's what the state's standardized tests show, anyway. But Davis has a plan: have them...

Money Supply Rises Sharply As Fed Eases Strategists divided over effects on economy and stock market.(B)
April 3, 2001... By Ken Hoover Investor's Business Daily Money supply growth is surging, and some economists think that's exciting news for the economy. And if it's good for the economy, maybe the stock market won't do so badly, either. ...

Oakmark Funds' Value Style Gains Traction Flagship and Select post solid gains for this year, past 12 months.(B)
April 3, 2001... By Tom Gray Investor's Business Daily Fund Manager Bill Nygren makes a point of being patient. He buys out-of-favor stocks and figures the market could take up to five years to discover their true value. But lately he hasn't had...

Save Time. Use IBD SmartSelectF Corporate Ratings.(B)
April 3, 2001... SmartSelect Composite Rating - Combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Ratings, and the stock's percent off its 52-week high is also included in the formula. Results are then compared...

The Real Most Active.(B)
April 3, 2001... The punch-drunk Nasdaq carved another new low Monday, wiping out the promise of last week's brief rally. The tech-laden index fell 3.1% as volume receded from Friday's spike. Cerus, which makes blood pathogen inactivation systems to improve...

NASDAQ Stocks In The News.(B)
April 3, 2001... Sonic has built a wide and loose four-month base. It's seen several wild swings on heavy volume during that time, but has found support at its rising 200-day moving average. It's now 9% off its high. The firm said last week it will open...

With Air Out Of The Internet Bubble, Profit Warnings Deflate Blue Chips.(A)
April 4, 2001... By David Saito-Chung Investor's Business Daily Corporate America gave Wall Street another dose of profit warnings Tuesday, and investors acted promptly. But like bad-tasting medicine, the sell-off may bring the sickly stock market...

Rely On Your Research, Not Tips And Touts.(A)
April 4, 2001... By Monika Tjia Investor's Business Daily Everybody has sources, whether they're a next-door neighbor or a talking head on TV. But when it comes to looking for the next great stock, who are you going to follow? Your own analysis or...

IBD'S TOP 10.(A)
April 4, 2001... Nasdaq Plunges To Low As Profit Warnings Pile Up 1The Nasdaq tumbled 6.2% to its lowest level since October 1998. The tech-laden index is now 67% off its March 2000 peak. The Dow industrials shed 3% while the S&P 500 lost 3.4% to a new...

Musician Paul Simon Perseverance Helped Him Sing And Play His Way To The Top.(A)
April 4, 2001... Byline: 50 WAYS TO BE A POP STAR: Simon's music has been a bridge over troubled decades, and fans still love him like a rock. By Nancy Gondo Investor's Business Daily Sixteen-year-old Paul Simon first tasted success in 1957 as one...

Inventor Jack Kilby His Drive Helped Spur The Information Age.(A)
April 4, 2001... Byline: MR. CHIPS: Jack Kilby holds microchips. His invention of the integrated circuit began the digital revolution. Today's chips integrate millions of transistors into a single chip. By Mike Angell Investor's Business Daily ...

Senate Democrats Seeking To Trim Bush's Tax Cuts.(A)
April 4, 2001... Byline: AP Senate Democrats began a lengthy assault on President Bush's economic plans Tuesday by attempting to trim his $1.6 trillion tax cut to provide for a larger Medicare prescription drug benefit than Republicans areseeking. The...

Powell Seeks Speedy End To China Plane Standoff U.S. Officials Finally Meet With Crew As Sec'y Of State Calls For Their Quick Release IN CHINA: U.S. Defense Attache Army Brig. Gen. Neal Sealock speaks Tuesday after meeting with members of the detained U.S. aircrew in Haikou, Hainan Island. He said crew members were well.(A)
April 4, 2001... Byline: AP Secretary of State Colin Powell said Tuesday he wanted a speedy resolution of the U.S.-China standoff over a U.S. spy plane after U.S.officials were allowed to meet with the crew. "I hope that is the beginning of an end to...

TECHBITS.(A)
April 4, 2001... Want A Virtually Unbreakable Memory Chip? Ramtron International Corp. and Fujitsu Ltd. have come up with a new memory chip called FRAM, short for ferroelectric random access memory. They're similar to flash memory chips, which...

COMPUTERS Server Makers Sharpen Their Focus On "Blade' Market.(A)
April 4, 2001... By Sheila Riley Investor's Business Daily Blades are poised to cut a wide swatch in the server market. What, you don't know about blades? Well, they're an emerging type of low-endserver. They're roughly book-sized, about 6-by-9...

TELECOM As Phone Start-Ups Fade, What Carriers Will Get The Spoils?(A)
April 4, 2001... By Reinhardt Krause Investor's Business Daily For a growing number of start-up phone companies, it's too late to call the doctor. It's time to dial up the morgue. But who'll pick up the bodies isn't clear. PSINet Inc. on...

ELECTRONIC COMMERCE Old-Line Sellers Can Aid Amazon Analysts say Web retailer needs more partnerships like its pact with Toys R Us.(A)
April 4, 2001... By Pete Barlas Investor's Business Daily Amazon.com Inc. an applications service provider? Analysts say that to survive, Amazon, the largest Web-based retailer, must continue to "lend" its electronic software, or applications, as...

CUSTOMER RELATIONSHIP MANAGEMENT Firms See Value Of CRM Software, But Adoption Can Be Costly.(A)
April 4, 2001... By J. Bonasia Investor's Business Daily CRM, the hottest high-tech acronym of the year, should stand for Customers Really Matter. Many companies sense a growing need for CRM, which actually is short for customer relationship...

Nokia Lands $1 Billion In Contracts To Provide Networks In Europe.(A)
April 4, 2001... Byline: AP Nokia Corp., the world's biggest cell phone maker, willprovide third-generation, or 3G, mobile phone networks in Britain, France and Germany, in deals worth $1.3 billion. The agreements, with Britain's Orange, France's...

Growing Number Of Tech Firms Filing For Bankruptcy Protection.(A)
April 4, 2001... By Antonio A. Prado Investor's Business Daily Technology firms are exploring new territory -- the world of bankruptcy proceedings. In the first few years of the so-called new economy, a relatively small number of tech companies...

Time Warner AOL On Track To Meet Goals, Says Levin.(A)
April 4, 2001... AOL Time Warner Inc. Chief Executive Gerald Levin said on Tuesday that despite the current market climate, he is "very confident" about the ability of the world's largest Internet and media company to meet the2001 financial targets it laid out...

Avoid Quagmires With Simple Web Search Tactics.(A)
April 4, 2001... By Ted Needleman Investor's Business Daily The Internet may have emerged as a common tool for businesses and consumers.But it's still not that easy to find what you want. Even if you only occasionally use search engines, you...

Microsoft And HP Agree To Change Ads For Jornada.(A)
April 4, 2001... Microsoft Corp. and Hewlett-Packard Co., seeking to avoid charges of deceptive advertising, agreed to drop claims that some hand-held computers come with "built-in" wireless Internet access, the Federal Trade Commission said on Tuesday. A...

SCHOLASTIC CORP. /New York, New York With "Harry' In Lineup, Publisher Presses Ahead.(A)
April 4, 2001... By Amy Reeves Investor's Business Daily The year 2000 was a good one for Scholastic Corp., publisher of children's books, magazines and other materials. There were several reasons for that, but the most obvious can be summed up in...

APPLEBEE'S INTERNATIONAL /Overland Park, Kansas Restaurant Pins Hopes On Recent Dining Trend.(A)
April 4, 2001... By Kirk Shinkle Investor's Business Daily You might put off buying a new refrigerator as the economy heads south. But you won't stop eating out. At least that's what Applebee's International Inc. is counting on. Analysts and...

ROWAN COMPANIES INC. /Houston, Texas This Rig Supplier Doesn't Ape The Competition.(A)
April 4, 2001... By Marilyn Alva Investor's Business Daily Winds in Europe's North Sea can kick up to 100 miles an hour, whipping wavesto 50 feet. On top of that, it's bitterly cold. That kind of weather scares away a lot of folks. But it's the...

Chicago Fed Sees Downturn More Likely.(A)
April 4, 2001... The likelihood that the U.S. is in a recession has risen, but the nation may very well steer clear of a serious economic downturn,the Federal Reserve Bank of Chicago said on Tuesday. The Chicago Fed said its National Activity Index was...

EU Trims '00 Growth Estimate To Below 3% As Sentiment Ebbs.(A)
April 4, 2001... Byline: AP The European Union said Tuesday it would cut its growthestimate for Europe to below 3%, conceding that the continent is not as insulated as it thought from economic problems in the U.S. and Japan. The announcement came as a...

Factory Orders At 16-Month Low As Tech, Machine Tools Weaken.(A)
April 4, 2001... Byline: AP Slackening demand for industrial equipment, including computers and machine tools, helped to drive down orders to U.S. factories in February to their lowest point in 16 months. The Commerce Department's report Tuesday...

Postal Service Rethinks Saturdays As It Seeks Ways To Trim Costs.(A)
April 4, 2001... Byline: AP Through snow, rain and gloom of night -- but maybe not on the weekend. Battered by slowing business and huge projected losses, the Postal Service announced Tuesday that it will study cutting back to a five-day schedule that...

Xerox Accounting Faces Scrutiny As Firm Delays Its Annual Report.(A)
April 4, 2001... Shares of Xerox Corp. on Tuesday tumbled to their lowest level since the first trading session of 2001 amid renewed concern aboutthe troubled office equipment maker's accounting practices. Xerox's shares were down 1.02, or 17%, to 4.98 in...

NYSE Stocks In The News.(A)
April 4, 2001... In a five-month period, Fannie Mae advanced 77%. After notching an all-time high on Dec. 29, the stock has formed a 13-week base. Watch for it to surpass its resistance around 83. It stands 9% off its high. The firm assures mortgage money...

QUIETING THE KYOTO CROWD.(A)
April 4, 2001... Agreed to by an imprudent Bill Clinton and Al Gore, thisglobal-warming treaty is a lose-lose proposition for America. It would saddle America with unreasonable duties deadly to its economy -- requiring, for example, cuts of a third in...

WHERE'S THE EXUBERANCE NOW?(A)
April 4, 2001... In fact, we're hearing from many quarters now that the stock market shouldn't even figure into the Fed's calculations when it makes policy. Take this, from a March 26 Los Angeles Times editorial, almost gleeful in its market Schadenfreude:...

COMPETING VISIONS OF GOV'T.(A)
April 4, 2001... President Bush's opponents in the Democratic Party say his tax cut is too generous to the rich and too big, threatening to drag the government back to the days of federal deficits. They also moan that the tax cut would shortchange prescription...

Finding Few Facts: Jackson's Bias Is On Trial In Review Of Microsoft Case.(A)
April 4, 2001... By Richard B. McKenzie Ever since Thomas Penfield Jackson handed down his findings of fact in the Microsoft antitrust case in early November 1999 -- declaring Microsoft to be a ruthless monopolist -- Justice Department lawyers and...