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A little guarded optimism, anyone? We're staring 1994 in the eye, and things aren't looking so bad. Ross Perot is silenced for now, and Madonna is finally pass -this time we promise. Hillary, meanwhile, is on a roll. The easy-living, back-to-basics thing seems to be holding fast. Sears is popular once again. Ditto IBM. Even doughnuts. But these are the '90s, remember, and times are still lean. Tax increases are looming, making pizza a far better choice than a five-course state dinner. Even Princess Di finds herself on a budget. Oh, well. At least the Internet is still free. WHAT'S IN WHAT'S OUT


Sears Wal-Mart

The Internet Prodigy

Detroit Tokyo

Stock deals Debt financing

Fidelity Prudential Securities

IBM PCs PC clones

Outsider CEOs Heirs apparent

Growth strategies Cost reduction

Portfolio careers Corporate lifers

Teams Hierarchies

Hillary The AMA


Susan Powter Jenny Craig

Timberlands Reeboks

Ru Paul Madonna

Feel-good family

flicks Schwarzenegger flicks

Letterman Leno, Chevy, Conan

Burpee Seed catalog Sharper Image catalog

Ice beer Dry beer

Mighty Morphins Ninja Turtles

Rotisserie chicken Chinese takeout

Mexican swing House music

Shaq Michael Jordan

College football The NFL

Doughnuts Croissants

Hillary Princess Di


Al Gore Ross Perot

Gun control The NRA

Republican candidates Democratic machines

White House pizza runs State dinners

Shared sacrifice Middle-income tax cut

Workfare Welfare

Trade deals Trade talks

Christine Todd Whitman Ed Rollins

Newt Gingrich Bob Michel

Health reform Campaign-finance reform

Hillary Kim Campbell

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