December 31, 2000 |
All those in favor of another big round of creative destruction, say aye. Say what? Creative destruction, a term coined by an Austrian economist named Joseph Schumpeter who died in 1950, has been the guiding force of the U.S. economy virtually since its inception, and especially in the last 10 years.
December 29, 2000 |
America Online Inc. and Time Warner Inc. are not likely to get U.S. regulatory approval of their proposed merger before year-end, as they requested, and may end up having to pay millions of dollars for duplicate paperwork. AOL last week asked the Federal Communications Commission to approve the transaction before Jan. 1, to avoid the "substantial burden and expense" of filing separate financial documents.
CALIFORNIA | LOCAL
December 29, 2000 |
The Los Angeles Police Department's corruption scandal will continue through the new year as investigators probe lingering allegations of misconduct, the LAPD implements costly reforms and city officials seek to settle lawsuits filed by alleged victims of police abuse. 2001 will bring at least two criminal prosecutions. Prosecutors are preparing charges against other LAPD officers but need permission from newly elected Dist. Atty. Steve Cooley to move forward, according to sources.
December 28, 2000 |
Even if it often turns out to be an exercise in futility, many of us answer the call to tweak our lives and ourselves around this time every year. Maybe using the Web this year can help. One of the most popular New Year's resolutions is to get in shape. The Web is replete with fitness sites, whether you want to tone up here and there or do a complete body make-over. * http://www.fitlinxx.com gives you a couple of neat options.
December 25, 2000 |
President Clinton's chief economic advisor said the U.S. economy will probably grow at a 3% rate next year, compared with an estimated 5.1% in the current year. Gene Sperling, chairman of the National Economic Council, said a White House report on the economy due in January will estimate that economic growth next year "is going to be less rapid. I think it's going to be about 3%." Sperling's comments, on television Sunday, were in response to comments from President-elect George W.
December 24, 2000 |
Redesigned T-Bird Already Running Hot Last year, DaimlerChrysler's PT Cruiser was the automotive product to watch--and wish for. For 2001, the ball moves into Ford Motor Co.'s court with the long-awaited resurrection of the Thunderbird. Redesigned in Ford's Dearborn, Mich.