Word: banker
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Ziff-Davis Publishing Company, publisher of PC Magazine -- fave of DOS dweebs -- was bought for $1.4 billion by Forstmann Little & Co, a New York investment firm run by high profile banker Ted Forstmann. Included in the deal is the giant publishing arm of Ziff Communications, which includes other magazines like MacWeek and Family PC, as well as Ziffnet, an on-line service. It's a move by Forstmann, a shrewd dealmaker, to keep pace with rival Kohlberg Kravis Roberts, which controls New York magazine and other media properties, says TIME associate editor Thomas McCarroll. "They have had this rivalry...
Andy was a banker on the outside, trained to take the long, interest-bearing view, and he's well played by Robbins, an actor who once made an agreeable specialty of nutsiness but is even better at bland scheming. He makes his way in prison society by doing tax work for the screws, ultimately making himself invaluable to the crooked warden and a source of solid ironic humor to the audience. Even so, his character could not survive without Red's example. Red is the guy who can get you anything, from a pack of butts to a movie-star...
...think that the millions of small savers who made this sacrifice to banker comfort could at least have got a loan from a bank, but no way. They got mortgages, and that was it. There were no home-equity loans, and stores didn't take credit cards. The only sources of quick cash were pawnshops, relatives, loan sharks and the local finance company...
...Administration are expected to be found in the Arkansas part of the Whitewater investigation, which Congress has yet to tackle. Sources tell TIME Washington Correspondent Suneel Ratan that Josh Steiner, Treasury Secretary Lloyd Bentsen's Chief of Staff, will probably not have to step down. Frank Newman, a former banker and current Treasury Undersecretary for Domestic Finance, is rumored to be Altman's successor...
Though special prosecutor Robert Fiske has cleared Altman of any criminal wrongdoing, congressional confidence in the former Wall Street investment banker is eroding so fast that he may be forced to resign within days. Four Democrats on the Senate Banking Committee believe privately that Altman has been seriously damaged. Senators Richard Bryan of Nevada and Barbara Boxer of California worry that Altman may have misled them. Nearly all the Senators will question him closely when he appears before the committee on Tuesday...