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Much of the G-7 aid, including an International Monetary Fund reserve aimed at stabilizing the ruble, is contingent on Russia's curbing its inflation, now running at 25% a month. Other grants, most funneled through international agencies, would be intended to develop energy resources and protect the environment. Only...
The fear of Ovitz and CAA in Hollywood is intense and practically universal, though perhaps not wholly warranted. The hot screenwriter Joe Eszterhas says Ovitz threatened to ruin him when he switched to ICM 3 1/2 years ago, but his writing fees have kept climbing. CAA client Michael Douglas appeared...
Russia's immediate problem is its currency. The ruble is play money, testimony to John Maynard Keynes' observation that "the surest way" to destroy a government is to "debauch its currency." Thanks to an unrestrained government printing press run by Moscow's central bank (whose chairman is appointed by the...
Neither of my opponents' arguments involve issues of free speech. The issue is more subtle: should speakers be invited to campus when there is previous knowledge about the controversial content of the speech? Should conscientious members of the community condemn ex ante speech which is obviously offensive and reprehensible?
Annoyed, shareholders have moved to curb such abuses -- just as they have moved to remove a number of CEOs in recent months. Under pressure from big institutional investors, for example, ITT Corp. drastically altered the stock- option plan for its chairman, Rand Araskog. He had received an outright stock gift...