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2001 Year

BUSINESS
December 31, 2000 | James Flanigan
The most important question to ask this New Year's weekend is not whether the economy will suffer a recession, but whether investments in technology and gains in productivity will pick up again after the current slowdown. There's no denying this is a worrisome period. Tight business conditions will greet the new year. Recession is possible as companies cut back spending on plants and equipment and lay off employees.
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BUSINESS
December 24, 2000 | Abigail Goldman
Will New Penney's Chief Fashion a New Look? Fashion? At Penney's? Don't be too surprised--the company's dapper new chief executive, Allen I. Questrom, has led the fanciest of fancy department stores. Among his previous gigs: heading Barneys New York, Neiman Marcus Group Inc. and the whole stable of Federated Department Stores Inc. Penney's, the nation's second-largest department store with fiscal 2000 sales of $32.5 billion, reached a stock high of $75 in 1998. Since then, however, J.C.
NEWS
January 1, 2001 | From Associated Press
With cheers, fireworks and hugs, the third millennium officially began in the continental United States--a more subdued celebration than a year ago but, for many, still a great opportunity to party. The year 2001 clicked over in a chilly Times Square in New York City, while fireworks sprang to life along the Delaware River and New Englanders paused from digging out after their first major blizzard in five years.
CALIFORNIA | LOCAL
December 26, 2001 | SCOTT MARTELLE, TIMES STAFF WRITER
For Phil Bronstein, it was the year of the dragon. But for car-parts salvager Glen McElroy, 2001 had a turkey of an ending. Southern California lovers of animal stories had an arkful of weirdness to revel in this year, and none was more off-the-wall than the story of the newspaper editor and the toe-breathing dragon.
SPORTS
December 25, 2001 | BILL DWYRE
It's Christmas morning and we are sitting by the tree, untying and unwrapping. There are 10 packages and each represents decades of stature in the Los Angeles sports community. As we open, we realize that we have never quite taken the time to cherish such gifts. Our days fly by and we never take the advice of an old friend, the late Al McGuire, who always told us to celebrate the moment, to stop and smell the roses.
CALIFORNIA | LOCAL
December 30, 2001 | KENNETH R. WEISS, TIMES STAFF WRITER
They stand shoulder to shoulder, oceanfront homes in the heart of Malibu, turning their backs on the clamor of Pacific Coast Highway and effectively walling off miles of beach from the public. On the ocean side, decks and balconies unfurl toward the rosy glow of the setting sun. Kayaks and catamarans lie unsecured on the sand. Owners and their guests stroll the solitary strand, pant legs rolled up, cocktails in hand.
CALIFORNIA | LOCAL
December 30, 2001 | SEEMA MEHTA, TIMES STAFF WRITER
It's even known as Secret Cove, this heart-shaped swath of beach below sheer cliffs in South Laguna. There's a public stairway down to it, but there's no sign to indicate that. In fact, a sign for the attached driveway announces "Private Drive," leading many pedestrians to think they are not allowed. Most of the handful of beachgoers on a recent day were from the immediate neighborhood, and they begged to have their secret cove kept that way.
BUSINESS
January 2, 2002 | TOM PETRUNO, TIMES STAFF WRITER
Measured by most broad indexes, the U.S. stock market was a loser in 2001 for a second consecutive year. But under the surface, the market was a relatively hospitable place for many investors, depending on how they picked their stocks. For a second straight year, smaller-company stocks generally were better choices than bigger ones, a trend that continued with the powerful fourth-quarter rally that lifted the market overall from the three-year lows reached after the Sept. 11 terrorist attacks.
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