55Whenitcomestotheslowingeconomy,EllenSperoisn’tbitinghernailsjustyet.Butthe47-year-oldmanicuristisn’tcutting,filingorpolishingasmanynailsasshe’dliketo,either.Mostofherclientsspend$12to$50weekly,butlastmonthtwolongtimecustomerssuddenlystoppedshowingup.Speroblamesthesofteningeconomy.“I’magoodeconomicindicator,”shesays.“Iprovideaservicethatpeoplecandowithoutwhenthey’reconcernedaboutsavingsomedollars.”SoSperoisdownscaling,shoppingatmiddle-browDillard’sdepartmentstorenearhersuburbanClevelandhome,insteadofNeimanMarcus.“Idon’tknowifotherclientsaregoingtoabandonme,too”shesays.EvenbeforeAlanGreenspan’sadmissionthatAmerica’sred-hoteconomyiscooling,lotsofworkingfolkshadalreadyseensignsoftheslowdownthemselves.FromcardealershipstoGapoutlets,saleshavebeenlaggingformonthsasshopperstempertheirspending.Forretailers,wholastyeartookin24percentoftheirrevenuebetweenThanksgivingandChristmas,thecautiousapproachiscomingatacrucialtime.Already,expertssay,holidaysalesareoff7percentfromlastyear’space.Butdon’tsoundanyalarmsjustyet.Consumersseemmildlyconcerned,notpanicked,andmanysaytheyremainoptimisticabouttheeconomy’slong-termprospects,evenastheydosomemodestbelt-tightening.Consumerssaythey’renotindespairbecause,despitethedreadfulheadlines,theirownfortunesstillfeelprettygood.Homepricesareholdingsteadyinmostregions.InManhattan,“there’sanewgoldrushhappeninginthe$4millionto$10millionrange,predominantlyfedbyWallStreetbonuses,”saysbrokerBarbaraCorcoran.InSanFrancisco,pricesarestillrisingevenasfrenziedoverbiddingquiets.“Insteadof20to30offers,nowmaybeyouonlygettwoorthree,”saysJohnDeadly,aBayAreareal-estatebroker.Andmostfolksstillfeelprettycomfortableabouttheirabilitytofindandkeepajob.Manyfolksseesilverliningstothisslowdown.Potentialhomebuyerswouldcheerforlowerinterestrates.Employerswouldn’tmindalittlefewerbubblesinthejobmarket.Manyconsumersseemtohavebeeninfluencedbystock-marketswings,whichinvestorsnowviewasanecessaryingredienttoasustainedboom.Dinersmightseeanupside,too.GettingatableatManhattan’shotnewAlainDucasserestaurantusedtobeimpossible.Notanymore.Forthat,Greenspan&Co.maystillbeworthtoasting.ercises66estionandthenlistentoexplanationsByEllenSperoisntbitinghernailsjustyet”(Line1,Paragraph1),theauthormeans[A]Sperocanhardlymaintainherbusiness.[B]Speroistoomuchengagedinherwork.C]Sperohasgrownoutofherbadhabit.DSperoisnotinadesperatesituation.Howdothepublicfeelaboutthecurrenteconomicsituation?[A]Optimistic.[B]Confused.[C]Carefree.[D]Panicked.53.Whenmentioning“the$4millionto$10millionrange”(Lines3-4,Paragraph3)theauthoristalkingabout.Agoldmarket[B]realestate.[C]stockexchange.[D]ventureinvestment.Whycanmanypeopleseesilverliningstotheeconomicslowdown?ATheywouldbenefitincertainways.kmarketshowssignsofrecoveryC]Suchaslowdownusuallyprecedesaboom.DThepurchasingpowerwouldbeenhanced.followingistheauthorlikelytoagreeehorizonsingleremedyCCautionallright,panicnot.DThemoreventuresthemorechances.77InthefirstyearorsoofWebbusiness,mostoftheactionhasrevolvedaroundeffortstotaptheconsumermarket.Morerecently,astheWebprovedtobemorethanafashion,companieshavestartedtobuyandsellproductsandserviceswithoneanother.Suchbusiness-to-businesssalesmakesensebecausebusinesspeopletypicallyknowwhatproductthey'relookingfor.Nonetheless,manycompaniesstillhesitatetousetheWebbecauseofdoubtsaboutitsreliability.“Businessesneedtofeeltheycantrustthepathwaybetweenthemandthesupplier,”sayssenioranalystBlaneErwinofForresterResearch.Somecompaniesarelimitingtheriskbyconductingonlinetransactionsonlywithestablishedbusinesspartnerswhoaregivenaccesstothecompany’sprivateintranet.AnothermajorshiftinthemodelforInternetcommerceconcernsthetechnologyavailableformarketing.Untilrecently,Internetmarketingactivitieshavefocusedonstrategiesto“pull”customersintosites.Inthepastyear,however,softwarecompanieshavedevelopedtoolsthatallowcompaniesto“push”informationdirectlyouttoconsumers,transmittingmarketingmessagesdirectlytotargetedcustomers.Mostnotably,thePointcastNetworkusesascreensavertodeliveracontinuallyupdatedstreamofnewsandadvertisementstosubscribers’computermonitors.Subscriberscancustomizetheinformationtheywanttoreceiveandproceeddirectlytoacompany’sWebsite.CompaniessuchasVirtualVineyardsarealreadystartingtousesimilartechnologiestopushmessagestocustomersaboutspecialsales,productofferings,orotherevents.ButpushtechnologyhasearnedthecontemptofmanyWebusers.Onlineculturethinkshighlyofthenotionthattheinformationflowingontothescreencomestherebyspecificrequest.Oncecommercialpromotionbeginstofillthescreenuninvited,thedistinctionbetweentheWebandtelevisionfades.That'saprospectthathorrifiesNetpurists.ButitishardlyinevitablethatcompaniesontheWebwillneedtoresorttopushstrategiestomakemoney.TheexamplesofVirtualVineyards,A,andotherpioneersshowthataWebsitesellingtherightkindofproductswiththerightmixofinteractivity,hospitality,andsecuritywillattractonlinecustomers.Andthecostofcomputingpowercontinuestofreefall,whichisagoodsignforanyenterprisesettingupshopinsilicon.Peoplelookingback5or10yearsfromnowmaywellwonderwhysofewcompaniestooktheonlineplunge.ercises88estionandthenlistentoexplanations55.WelearnfromthebeginningofthepassagethatWebbusiness_____.trivingtoexpanditsmarkettofollowafancifulfashionbutinvaintocontrolthemarketbeenboomingforoneyearorso56.Speakingoftheonlinetechnologyavailableformarketing,theauthorimpliesthat_____.echnologyispopularwithmanyWebusersesseshavefaithinthereliabilityofonlinetransactionseisaradicalchangeinstrategyisaccessiblelimitedlytoestablishedpartners57.IntheviewofNetpurists,____.ereshouldbenomarketingmessagesinonlineculturemoneymakingshouldbegivenprioritytoontheWebeWebshouldbeabletofunctionasthetelevisionsetreshouldbenoonlinecommercialinformationwithoutrequests58.Welearnfromthelastparagraphthat_____.inginformationontheWebisessentialtoInternetcommerceractivityhospitalityandsecurityareimportanttoonlinecustomersCleadingcompaniesbegantotaketheonlineplungedecadesagoDsettingupshopsinsiliconisindependentofthecostofcomputingpower99Theworldisgoingthroughthebiggestwaveofmergersandacquisitionseverwitnessed.TheprocesssweepsfromhyperactiveAmericatoEuropeandreachestheemergingcountrieswithunsurpassedmight.Manyinthesecountriesarelookingatthisprocessandworrying:“Won’tthewaveofbusinessconcentrationturnintoanuncontrollableanti-competitiveforce?”There’snoquestionthatthebigaregettingbiggerandmorepowerful.Multinationalcorporationsaccountedforlessthan20%ofinternationaltradein1982.Todaythefigureismorethan25%andgrowingrapidly.Internationalaffiliatesaccountforafast-growingsegmentofproductionineconomiesthatopenupandwelcomeforeigninvestment.InArgentina,forinstance,afterthereformsoftheearly1990s,multinationalswentfrom43%toalmost70%oftheindustrialproductionofthe200largestfirms.Thisphenomenonhascreatedseriousconcernsovertheroleofsmallereconomicfirms,ofnationalbusinessmenandovertheultimatestabilityoftheworldeconomy.IbelievethatthemostimportantforcesbehindthemassiveM&Awavearethesamethatunderlietheglobalizationprocess:fallingtransportationandcommunicationcosts,lowertradeandinvestmentbarriersandenlargedmarketsthatrequireenlargedoperationscapableofmeetingcustomer'sdemands.Allthesearebeneficial,notdetrimental,toconsumers.Asproductivitygrows,theworld'swealthincreases.Examplesofbenefitsorcostsofthecurrentconcentrationwavearescanty.Yetitishardtoimaginethatthemergerofafewoilfirmstodaycouldre-createthesamethreatstocompetitionthatwerefearednearlyacenturyagointheU.S.,whentheStandardOilTrustwasbrokenup.Themergersoftelecomcompanies,suchasWorldCom,hardlyseemtobringhigherpricesforconsumersorareductioninthepaceoftechnicalprogress.Onthecontrary,thepriceofcommunicationsiscomingdownfast.Incars,too,concentrationisincreasing—witnessDaimlerandChrysler,RenaultandNissan—butitdoesnotappearthatconsumersarebeinghurt.Yetthefactremainsthatthemergermovementmustbewatched.Afewweeksago,AlanGreenspanwarnedagainstthemegamergersinthebankingindustry.Whoisgoingtosupervise,regulateandoperateaslenderoflastresortwiththegiganticbanksthatarebeingcreated?Won’tmultinationalsshiftproductionfromoneplacetoanotherwhenanationgetstoostrictaboutinfringementstofaircompetition?Andshouldonecountrytakeuponitselftheroleof“defendingcompetition”onissuesthataffectmanyothernations,asintheU.S.vs.Microsoftcase?ercisesestionandthenlistentoexplanations[B]toinvestmoreabroad[D]to[B]toinvestmoreabroad[D]totradewithmorecountries[C]tocombineandbecomebiggerngforcesbehindMAwaveis[A]thegreatercustomerdemands[B]asurplussupplyforthemarket[C]agrowingproductivity[D]theincreaseoftheworld'swealtht[A]theincreasingconcentrationiscertaintohurtconsumers[B]WorldComservesasagoodexampleofbothbenefitsandcosts[C]thecostsoftheglobalizationprocessareenormous[D]theStandardOiltrustmighthavethreatenedcompetitionsattitudecanbesaidtobe[A]optimistic[B]objective[C]pessimistic[D]biasedMuchofthelanguageusedtodescribemonetarypolicy,suchas“steeringtheeconomytoasoftlanding”or“atouchonthebrakes”,makesitsoundlikeaprecisescience.Nothingcouldbefurtherfromthetruth.Thelinkbetweeninterestratesandinflationisuncertain.Andtherearelong,variablelagsbeforepolicychangeshaveanyeffectontheeconomy.Hencetheanalogythatlikenstheconductofmonetarypolicytodrivingacarwithablackenedwindscreen,acrackedrearviewmirrorandafaultysteeringwheel.Givenallthesedisadvantages,centralbankersseemtohavehadmuchtoboastaboutoflate.Averageinflationinthebigsevenindustrialeconomiesfelltoamere2.3%lastyear,closetoitslowestlevelin30years,beforerisingslightlyto2.5%thisJuly.Thisisalongwaybelowthedouble-digitrateswhichmanycountriesexperiencedinthe1970sandearly1980s.Itisalsolessthanmostforecastershadpredicted.Inlate1994thepanelofeconomistswhichTheEconomistpollseachmonthsaidthatAmerica'sinflationratewouldaverage3.5%in1995.Infact,itfellto2.6%inAugust,andexpectedtoaverageonlyabout3%fortheyearasawhole.InBritainandJapaninflationisrunninghalfapercentagepointbelowtheratepredictedattheendoflastyear.Thisisnoflashinthepan;overthepastcoupleofyears,inflationhasbeenconsistentlylowerthanexpectedinBritainandAmerica.EconomistshavebeenparticularlysurprisedbyfavorableinflationfiguresinBritainandtheUnitedStates,sinceconventionalmeasuressuggestthatbotheconomies,andespeciallyAmerica's,havelittleproductiveslack.America'scapacityutilization,forexample,hithistoricallyhighlevelsearlierthisyear,anditsjoblessrate(5.6%inAugust)hasfallenbelowmostestimatesofthenaturalrateofunemployment—theratebelowwhichinflationhastakenoffinthepast.Whyhasinflationprovedsomild?Themostthrillingexplanationis,unfortunately,alittledefective.Someeconomistsarguethatpowerfulstructuralchangesintheworldhaveup-endedtheoldeconomicmodelsthatwerebaseduponthehistoricallinkbetweengrowthandinflation.ercisesestionandthenlistentoexplanations67.Fromthepassagewelearnthat_____.ereisadefiniterelationshipbetweeninflationandinterestrateslalwaysfollowcertainmodelsconomicsituationisbetterthanexpectedmistshadforeseenthepresenteconomicsituationAccordingtothepassagewhichofthefollowingisTRUE?kingmonetarypoliciesiscomparabletodrivingacarelylowjoblessratewillleadtoinflationmploymentratewillresultfrominflationerestrateshaveanimmediateeffectontheeconomy69.Thesentence“Thisisnoflashinthepan”(Line5,Paragraph3)meansthat_____.owinflationratewilllastforsometimetionratewillsoonriseationwilldisappearquicklysnoinflationatpresent70.Thepassageshowsthattheauthoris_____thepresentsituation.[A]criticalof[B]puzzledby[C]disappointedat[D]amazedatWell,nogainwithoutpain,theysay.Butwhataboutpainwithoutgain?EverywhereyougoinAmerica,youheartalesofcorporaterevival.Whatishardertoestablishiswhethertheproductivityrevolutionthatbusinessmenassumetheyarepresidingoverisforreal.Theofficialstatisticsaremildlydiscouraging.Theyshowthat,ifyoulumpmanufacturingandservicestogether,productivityhasgrownonaverageby1.2%since1987.Thatissomewhatfasterthantheaverageduringthepreviousdecade.Andsince1991,productivityhasincreasedbyabout2%ayear,whichismorethantwicethe1978—87average.Thetroubleisthatpartoftherecentaccelerationisduetotheusualreboundthatoccursatthispointinabusinesscycle,andsoisnotconclusiveevidenceofarevivalintheunderlyingtrend.Thereis,asRobertRubin,thetreasurysecretary,says,a“disjunction”betweenthemassofbusinessanecdotethatpointstoaleapinproductivityandthepicturereflectedbythestatistics.Someofthiscanbeeasilyexplained.Newwaysoforganizingtheworkplace—allthatre-engineeringanddownsizing—areonlyonecontributiontotheoverallproductivityofaneconomy,whichisdrivenbymanyotherfactorssuchasjointinvestmentinequipmentandmachinery,newtechnology,andinvestmentineducationandtraining.Moreover,mostofthechangesthatcompaniesmakeareintendedtokeepthemprofitable,andthisneednotalwaysmeanincreasingproductivity:switchingtonewmarketsorimprovingqualitycanmatterjustasmuch.Twootherexplanationsaremorespeculative.First,someofthebusinessrestructuringofrecentyearsmayhavebeenineptlydone.Second,evenifitwaswelldone,itmayhavespreadmuchlesswidelythanpeoplesuppose.LeonardSchlesinger,aHarvardacademicandformerchiefexecutiveofAuBongPain,arapidlygrowingchainofbakerycafes,saysthatmuch“re-engineering”hasbeencrude.Inmanycases,hebelieves,thelossofrevenuehasbeengreaterthanthereductionsincost.Hiscolleague,MichaelBeer,saysthatfartoomanycompanieshaveappliedre-engineeringinamechanisticfashion,choppingoutcostswithoutgivingsufficientthoughttolongtermprofitability.BBDO'sAlRosenshineisblunter.Hedismissesalotoftheworkofre-engineeringconsultantsasmererubbish—“theworstsortofambulancechasing.”ercisesestionandthenlistentoexplanations55.Accordingtotheauthor,theAmericaneconomicsituationis_____.odasitseemserthanitseemsningpointterecovery56.Theofficialstatisticsonproductivitygrowth_____.detheusualreboundinabusinesscycleofbusinessmensanticipationtheexpectationofbusinesspeopleailtoreflectthetruestateofeconomy57.Theauthorraisesthequestion“whataboutpainwithoutgain?”because_____.[A]hequestionsthetruthof“nogainwithoutpain”notthinktheproductivityrevolutionworksersiftheofficialstatisticsaremisleadingsconclusiveevidencefortherevivalofbusinessesWhichofthefollowingstatementsisNOTmentionedinthepassage?dicalreformsareessentialfortheincreaseofproductivityysoforganizingworkplacesmayhelptoincreaseproductivityreductionofcostsisnotasurewaytogainlongtermprofitabilityDTheconsultantsareabunchofgoodfor-nothings.Agreatdealofattentionisbeingpaidtodaytotheso-calleddigitaldivide—thedivisionoftheworldintotheinfo(information)richandtheinfopoor.Andthatdividedoesexisttoday.MywifeandIlecturedaboutthisloomingdangertwentyyearsago.Whatwaslessvisiblethen,however,werethenew,positiveforcesthatworkagainstthedigitaldivide.Therearereasonstobeoptimistic.Therearetechnologicalreasonstohopethedigitaldividewillnarrow.AstheInternetbecomesmoreandmorecommercialized,itisintheinterestofbusinesstouniversalizeaccess—afterall,themorepeopleonline,themorepotentialcustomersthereare.Moreandmoregovernments,afraidtheircountrieswillbeleftbehind,wanttospreadInternetaccess.Withinthenextdecadeortwo,onetotwobillionpeopleontheplanetwillbenettedtogether.Asaresult,Inowbelievethedigitaldividewillnarrowratherthanwidenintheyearsahead.AndthatisverygoodnewsbecausetheInternetmaywellbethemostpowerfultoolforcombatingworldpovertythatwe'veeverhad.Ofcourse,theuseoftheInternetisn'ttheonlywaytodefeatpoverty.AndtheInternetisnottheonlytoolwehave.Butithasenormouspotential.Totakeadvantageofthistool,someimpoverishedcountrieswillhavetogetovertheiroutdatedanti-colonialprejudiceswithrespecttoforeigninvestment.Countriesthatstillthinkforeigninvestmentisaninvasionoftheirsovereigntymightwellstudythehistoryofinfrastructure(thebasicstructuralfoundationsofasociety)intheUnitedStates.WhentheUnitedStatesbuiltitsindustrialinfrastructure,itdidn’thavethecapitaltodoso.AndthatiswhyAmerica’sSecondWaveinfrastructure—includingroads,harbors,highways,portsandsoon—werebuiltwithforeigninvestment.TheEnglish,theGermans,theDutchandtheFrenchwereinvestinginBritain'sformercolony.Theyfinancedthem.ImmigrantAmericansbuiltthem.Guesswhoownsthemnow?TheAmericans.IbelievethesamethingwouldbetrueinplaceslikeBraziloranywhereelseforthatmatter.ThemoreforeigncapitalyouhavehelpingyoubuildyourThirdWaveinfrastructure,whichtodayisanelectronicinfrastructure,thebetteroffyou'regoingtobe.Thatdoesn'tmeanlyingdownandbecomingfooled,orlettingforeigncorporationsrununcontrolled.ButitdoesmeanrecognizinghowimportanttheycanbeinbuildingtheenergyandtelecominfrastructuresneededtotakefulladvantageoftheInternet.ercisesestionandthenlistentoexplanations[A]gettingworsebecauseoftheInternet[B]therichcountriesareresponsiblefor[C]theworldmustguardagainst[D]consideredpositivetodaybecauseit[A]offerseconomicpotentials[B]canbringforeignfunds[C]cansoonwipeoutworldpoverty[D]connectspeopleallovertheworldStatestojustifythepolicyof[A]providingfinancialsupportoverseas[B]preventingforeigncapital'scontrol[C]buildingindustrialinfrastructure[D]acceptingforeigninvestmentmuchon[A]howwell-developeditiselectronically[B]whetheritisprejudicedagainstimmigrants[C]whetheritadoptsAmerica'sindustrialpattern[D]howmuchcontrolithasoverforeigncorporationsWhenIdecidedtoquitmyfulltimeemploymentitneveroccurredtomethatImightbecomeapartofanewinternationaltrend.Alateralmovethathurtmyprideandblockedmyprofessionalprogresspromptedmetoabandonmyrelativelyhighprofilecareeralthough,inthemannerofadisgracedgovernmentminister,Icoveredmyexitbyclaiming“IwantedtospendmoretimewithCuriously,sometwo-and-a-halfyearsandtwonovelslater,myexperimentinwhattheAmericansterm“downshifting”hasturnedmytiredexcuseintoanabsolutereality.Ihavebeentransformedfromapassionateadvocateofthephilosophyof“havingitall”,preachedbyLindaKelseyforthepastsevenyearsinthepageofShemagazine,intoawomanwhoishappytosettleforabitofeverything.Ihavediscovered,asperhapsKelseywillafterhermuch-publicizedresignationfromtheeditorshipofSheafterabuild-upofstress,thatabandoningthedoctrineof“jugglingyourlife”,andmakingthealternativemoveinto“downshifting”bringswithitfargreaterrewardsthanfinancialsuccessandsocialstatus.NothingcouldpersuademetoreturntothekindoflifeKelseyusedtoadvocateandIonceenjoyed:12hourworkingdays,pressureddeadlines,thefearfulstrainlimitationsofbeingaparentonqualitytimeInAmerica,themoveawayfromjugglingtoasimpler,lessmaterialisticlifestyleisawell-establishedtrend.Downshifting—alsoknowninAmericaas“voluntarysimplicity”—hasironically,evenbredanewareaofwhatmightbetermedanti-consumerism.Thereareanumberofbest-sellingdownshiftingself-helpbooksforpeoplewhowanttosimplifytheirlives;therearenewsletters,suchasTheTightwadGazette,thatgivehundredsofthousandsofAmericansusefultipsonanythingfromrecyclingtheircling-filmtomakingtheirownsoap;thereareevensupportgroupsforthosewhowanttoachievethemid-'90sequivalentofdroppingout.WhileinAmericathetrendstartedasareactiontotheeconomicdecline—afterthemassredundanciescausedbydownsizinginthelate'80s—andisstilllinkedtothepoliticsofthrift,inBritain,atleastamongthemiddle-classdown-shiftersofmyacquaintance,wehavedifferentreasonsforseekingtosimplifyourlives.Forthewomenofmygenerationwhowereurgedtokeepjugglingthroughthe80s,downshiftinginthemid-'90sisnotsomuchasearchforthemythicalgoodlife—growingyourownorganicvegetables,andriskingturningintoone—asapersonalrecognitionofyourlimitations.ercisesestionandthenlistentoexplanationsh[A]Full-timeemploymentisanewinternationaltrend.[B]Thewriterwascompelledbycircumstancestoleaveherjob.[C]“Alateralmove”meanssteppingoutoffull-timeemployment.[D]Thewriterwasonlytooeagertospendmoretimewithherfamily.ng[A]enableshertorealizeherdream[B]helpshermoldanewphilosophyoflife[C]promptshertoabandonherhighsocialstatus[D]leadshertoacceptthedoctrineofShemagazinengalifecharacterizedby[A]non-materialisticlifestyle[B]abitofeverything[C]extremestress[D]anti-consumerismepassagedownshiftingemergedintheUSasaresultof[A]thequickpaceofmodernlife[B]man'sadventurousspirit[C]man'ssearchformythicalexperiences[D]theeconomicsituationNocompanylikestobetolditiscontributingtothemoraldeclineofanation.“Isthiswhatyouintendedtoaccomplishwithyourcareers?”SenatorRobertDoleaskedTimeWarnerexecutiveslastweek.“Youhavesoldyoursouls,butmustyoucorruptournationandthreatenourchildrenaswell?”AtTimeWarner,however,suchquestionsaresimplythelatestmanifestationofthesoulsearchingthathasinvolvedthecompanyeversincethecompanywasbornin1990.It’saself-examinationthathas,atvarioustimes,involvedissuesofresponsibility,creativefreedomandthecorporatebottomline.AtthecoreofthisdebateisChairmanGeraldLevin,56,whotookoverforthelateSteveRossin1992.Onthefinancialfront,Levinisunderpressuretoraisethestockpriceandreducethecompany'smountainousdebt,whichwillincreaseto17.3billionaftertwonewcabledealsclose.Hehaspromisedtoselloffsomeofthepropertyandrestructurethecompany,butinvestorsarewaitingimpatiently.Theflapoverrapisnotmakinglifeanyeasierforhim.Levinhasconsistentlydefendedthecompany'srapmusiconthegroundsofexpression.In1992,whenTimeWarnerwasunderfireforreleasingIceT'sviolentrapsongCopKiller,Levindescribedrapasalawfulexpressionofstreetculture,whichdeservesanoutlet.“Thetestofanydemocraticsociety,”hewroteinaWallStreetJournalcolumn,“l(fā)iesnotinhowwellitcancontrolexpressionbutinwhetheritgivesfreedomofthoughtandexpressionthewidestpossiblelatitude,howeverdisputableorirritatingtheresultsmaysometimesbe.Wewon’tretreatinthefaceofanythreats.”Levinwouldnotcommentonthedebatelastweek,butthereweresignsthatthechairmanwasbackingoffhishardlinestand,atleasttosomeextent.Duringthediscussionofrocksingingversesatlastmonth'sstockholders’meeting,Levinassertedthat“musicisnotthecauseofsociety’sills”andevencitedhisson,ateacherintheBronx,NewYork,whousesraptocommunicatewithstudents.Buthetalkedaswellaboutthe“balancedstruggle”betweencreativefreedomandsocialresponsibility,andheannouncedthatthecompanywouldlaunchadrivetodevelopstandardsfordistributionandlabelingofpotentiallyobjectionablemusic.The15-memberTimeWarnerboardisgenerallysupportiveofLevinandhiscorporatestrategy.Butinsiderssayseveralofthemhaveshowntheirconcernsinthismatter.“Someofushaveknownformany,manyyearsthatthefreedomsundertheFirstAmendmentarenottotallyunlimited,”saysLuce.“Ithinkitisperhapsthecasethatsomepeopleassociatedwiththecompanyhaveonlyrecentlycometorealizethis.”ercisesuestionandthenlistentoexplanations63.SenatorRobertDolecriticizedTimeWarnerfor_____.isingofthecorporatestockpricectofsocialresponsibilityxaminationofsoulsisoncreativefreedomAccordingtothepassagewhichofthefollowingisTRUE?A]LuceisaspokesmanofTimeWarner.BGeraldLevinisliabletocompromise.CTimeWarnerisunitedasoneinthefaceofthedebate.DSteveRossisnolongeralive.65.Infaceoftherecentattacksonthecompany,thechairman_____.tucktoastrongstandtodefendfreedomofexpressionnedhistoneandadoptedsomenewpolicyisattitudeandyieldedtoobjectionceivedmoresupportfromthememberboard66.Thebesttitleforthispassagecouldbe_____.AACompanyunderFire[B]ADebateonMora