Word: baumohl
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...rise of just 0.2 percent. And though retail sales for April rose only 0.1 percent, inflation hawks would have much preferred a drop -- considering that April was the ninth straight month that America's drunken-sailor consumers spent more than the month before. TIME senior economics reporter Bernard Baumohl says the gentle economic slowdown those hawks were hoping for hasn't materialized -- and real inflation worries are a ways down the road...
...Things should level off again in May." But -- and there's always one where economic forecasting is concerned -- if that slowdown doesn't happen, the Asian bullet that Rubin/Greenspan/Summers dodged last winter may well get them on the ricochet. "If the recovery in the crisis economies continues," says Baumohl, "the U.S. will start to see real inflationary pressure toward the end of 1999." Then we'll see what Larry Summers is made...
...mention $1.5 billion in deal-breaker fees from MediaOne (AT&T will foot that bill). So Comcast is happy. MediaOne's stockholders are definitely happy. And the groom? "This deal, along with the TCI purchase, is one that AT&T needed to make," says TIME senior economics reporter Bernard Baumohl. "Now they're at the vanguard of the next thing in telecommunications." In fact, it's so in love that it's already hired someone to look after its Internet-friendly kids: Microsoft...
...price for staying out of Comcast's corner. Plus, a $5 billion check -- especially with Bill Gates's name on it -- helps dispel investor fears that AT&T's headlong rush into cable is burying the company in debt. "AT&T has made a very smart move," says Baumohl. "They get a little cash, plus they've presumably locked up the software to go with their new hardware." After all, lots of young couples start out with big mortgages...
...Yahoo! deal,? says Baumohl, ?is yet another indication that the company intends to use the enormous financial leverage of its highly valued stock to keep expanding. Yahoo! is now in a position to buy what it wants, and it couldn?t let this deal pass by.? The big Internet players, including the likes of America Online and Lycos, are in a race to strategically position themselves at the crossroads of computer, TV and telelephone information services. And so as long as investors are willing to pay for their high-priced stocks, the companies are willing to pay for high-priced...