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...local and long-distance lines to high-speed Internet-access networks--than even mighty AT&T. Adding MCI would balloon WorldCom's revenues from $4.5 billion in 1996 to nearly $28 billion and make the company, based in Jackson, Miss., by far the leading challenger to the $52.7 billion colossus once known as Ma Bell. "With all of his transactions," says Berge Ayvazian, executive vice president of the Yankee Group consulting firm, "Ebbers has basically pushed WorldCom...

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

...ONLINE COLOSSUS...

Author: /time Magazine | Title: Letters: Oct. 13, 1997 | 10/13/1997 | See Source »

...fall he was outraged by President Clinton's welfare bill, which deprived legal immigrants of some benefits. As one of the country's most prominent immigrants, Soros felt he must respond. He did so at once, setting up the Emma Lazarus Fund (named for the writer of The New Colossus, the poem excerpted in the inscription on the Statue of Liberty: "Give me your tired, your poor..."), to which he pledged $50 million over three years. Legal immigrants represent only about 6% of those on public aid, he points out, yet they took more than 40% of the cuts...

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

...worlds of Gianni Versace and Andrew Cunanan may have first intersected in the early 1990s, when both were in San Francisco--Versace to design costumes for a production of the San Francisco Opera. Erik Gruenwald, now a Los Angeles attorney, remembers that Cunanan approached him at Colossus, a local gay club, with exciting news. "I just met Gianni Versace," Cunanan told Gruenwald. "I said, 'Sure, and I'm Coco Chanel.'"A forthcoming article in Vanity Fair reports that Cunanan, now 27, had encountered Versace among a crowd backstage at the opera, and that Versace spoke to him, apparently thinking they...

Author: /time Magazine | Title: TAGGED FOR MURDER | 7/28/1997 | See Source »

...Paxon isn't elected to the leadership. He served at Gingrich's pleasure. So when Gingrich found out about the incipient uprising, he took his anger out on him." That uprising might have come off had Brutus, Cassius et al been able to decide who would be the new colossus. "It was supposed to be a bloodless coup," says Carney, "with Dick Armey, Paxon, and (GOP Whip) Tom Delay coming to Newt and telling him: 'we can't control the rank-and-file insurgents any more.' They were going to give him an ultimatum, and Gingrich would have...

Author: /time Magazine | Title: Hail Caesar | 7/17/1997 | See Source »

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