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...which would presumably stimulate the economy and thus perk up demand for imports. But American economists reacted as if they had seen it all before. "If Japan really wanted to knock down the yen, they'd give in on motor vehicles," said Allen Sinai, the chief economist for Lehman Bros...
...notorious 1981 Savannah homicide case, the book is now in its 46th printing and three weeks ago, passed the one-year mark on the New York Times' best-seller list. It has been translated into six languages, including Norwegian, is being developed as a movie by Warner Bros., and has sparked a tourist boom in the genteel town of Savannah. Says Susan Weiner, the city's mayor: "We are all now walking tour books...
Instead of raising a tent, they are raising money, and their success has been impressive. Never mind that the beaches of Malibu colony glitter with the shards of the grandest dreams. "Starting a studio is not an easy thing to do," says Warner Bros. chairman Robert Daly, who may see some talent from his animation unit sign with SKG. "No one's done it, and sustained it, in 50 years. But DreamWorks has a very good chance of being successful. Every move it's made has been well thought-out. Every day its chances look better...
Nicholas Leeson, whose speculating brought down Baring Bros. & Co., hopes British authorities will indict him so that he will not be extradited to Singapore, where he was working when he executed the trades. Leeson is being held in a German prison. His lawyer said he might give British authorities information that would lead to an arrest warrant for his client. University of Pennsylvania law professor Welsh White told TIME Daily that although he has never heard of a defense attorney seeking an indictment of his client, he understands why Kempf is doing so, since the British justice system...
...Voorst says legal wrangling could keep Leeson in Germany for months. He notes the Germans have not interrogated Leeson, but they have had "chats" during which the 28-year-old said he wants to be sent to London. No formal charges have yet been filed.Post to Business "Baring Bros. Collapse...