Word: columnists
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...percent over what TCI stock was before the rumors of the deal started flying. AT&T is even soaking up TCI's $11 billion in debt along with the $37 million it's paying for the cable business -- but it's worth it, says TIME Wall Street columnist Daniel Kadlec: "AT&T needed this. It gives them a way to get into the local phone market that they couldn't figure out before -- and spares them the antitrust uproar that would have come if they had bought back a Baby Bell...
...used to it. "I'd be very suspicious," says TIME Wall Street columnist Daniel Kadlec. "This was a relief rally -- an excuse to bargain-hunt on the good yen news." Psychology, even on hair-triggered Wall Street, can only take the Dow or NASDAQ so far north. "There's a long history of central banks proving themselves unable to force a currency to stay up or down," says Kadlec. "The economic fundamentals always...
...Disney's romantic comedy Six Days, Seven Nights--she met and fell in love with Ellen DeGeneres, TV's first openly gay leading actress. Overnight, the couple, showing up at premieres arm in arm, snuggling in front of the President at the White House correspondents' dinner, became a gossip columnist's dream and a public relations nightmare. And just as suddenly, Disney's frothy little summer vehicle for Ford became the bearer of a heavy burden: Would moviegoers accept Hollywood's first avowedly lesbian leading lady...
Check time.com to read more on the great milk debate. Our regular health columnist, Christine Gorman, is on vacation
...first time around, Mitchard was a virtual unknown: a Madison, Wis., newspaper columnist and a widowed mother of five. Then she got what has come to be known, for a select group including Toni Morrison, Alice Hoffman and, most recently, Edwidge Danticat, as "the call." Says Mitchard, laughing: "It fell under the category of 'Who knew?' I was dumbfounded, honest to gosh." On her follow-up book, the hard part was to exorcise all notions of trying to duplicate the previous success. "The temptation is to just write something like, 'He had a hairy chest, she had big breasts...