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...will get a chance to vote on the rival offers, and BT could choose to raise its bid, although it can ill afford a bidding war. BT, whose shareholders were unhappy with the MCI deal, may simply decide to walk away. That would leave the company's global strategy adrift but provide a nice $1.3 billion profit on its MCI investment. "The player who benefits most from WorldCom's bid is BT," says Gary Stibel, founder of the New England Consulting Group, whose clients have included local and long-distance phone companies. Stibel calls MCI a questionable acquisition because...

Author: /time Magazine | Title: BERNIE'S DEAL | 10/13/1997 | See Source »

...Holocaust and communism, he spread hundreds of millions of dollars to support democracy in countries struggling to break from the old Soviet orbit. In the waning years of the cold war, he bought photocopiers for his native Hungary so the communists couldn't monopolize information. Later, with Russia adrift, he spent $100 million to help Soviet science, and scientists, survive the transition. In Yugoslavia he was outraged by what he perceived to be the pusillanimity of the West, so he doled out $50 million to try to save Sarajevo from Serb depredations. He has spent millions more funding Open Society...

Author: /time Magazine | Title: TURNING DOLLARS INTO CHANGE | 9/1/1997 | See Source »

...whole math really that bad? Few question the reformers' motives: to inject some much needed juice into American math education. But though the approach can certainly stimulate kids, it can just as easily leave them adrift. While the fifth-graders at Fernangeles were mulling over their handshake problem, a nearby fourth-grade class was fiddling with green and red tiles, trying to figure out how many green gates fitted into how many sections of red fence. "If there were 48 green doors," the teacher implored, "how many red fences do we need?" After a few minutes, one student incorrectly ventured...

Author: /time Magazine | Title: THIS IS MATH? | 8/25/1997 | See Source »

MOSCOW: Mir is adrift once more after a failure of the space station's main computer. The systems shut-down occurred while a cargo ship was docking. Now the troubled space station's solar panels are no longer pointed at the sun, leaving its rickety body wobbling and unoriented and its crew in the dark...

Author: /time Magazine | Title: Bugs in Space | 8/18/1997 | See Source »

...after the June crash. U.S. astronaut Michael Foale will not participate in either operation, but instead has been instructed to camp inside the Soyuz escape capsule until a space shuttle mission picks him up in September. Having survived emergencies ranging from flash fires and a collision to being set adrift in space with last week's power failure, the two frazzled Russian crew members are looking forward to landing on Earth by August...

Author: /time Magazine | Title: No Way, Monsieur | 7/21/1997 | See Source »

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