Newspaper article THE JOURNAL RECORD

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Newspaper article THE JOURNAL RECORD

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Funds plunge

Investments in venture capital funds plunged 33 percent during last year's final quarter in a retreat spurred by the accelerating pace of Internet business failures.

Venture capitalists raised $18.4 billion nationwide in the fourth quarter, down from $27.4 billion in the third quarter, according to a report released by the industry's trade association and Venture Economics, a research firm.

On a year-to-year comparison, the venture capital slowdown was even more dramatic. In the fourth quarter of 1999, investors turned over $29.6 billion in venture capital funds.

The deceleration in fund raising coincided with a similar slowdown in the rate of investments in start-ups. Venture capitalists invested $19.6 billion during the fourth quarter, a 31 percent decrease from the prior quarter.

Our market opinions

Americans form their opinions about the economy based on many things, including what they have to shell out for groceries and gas, conditions at the workplace, and chats with family and friends.

These personal experiences play at least as big a role in affecting their confidence in the economy as does watching TV news or the stock market, according to consumers and the professionals who gauge the public mood.

Ken Goldstein, an economist with the Conference Board in New York, says the Consumer Confidence Index that the board releases each month is derived from many sources, with news reports about job losses, the stock market and energy prices just a part of the picture.

Consumers, Goldstein said, "are getting this information flow, but it has to get validated or contradicted when they go to work, the store, the gym ... when they go to church."

The Consumer Confidence Index will be issued again Tuesday morning.

Managing time

In a world in which there is too much to do, and not enough time to do it, people face stressful dilemmas on a daily basis. …

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