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...means that four CCA councilors and Russell. Yet MIT owns almost all of the land in question, and an obscure by-law forces the council to find six votes if an owner of more than 20 percent of the land objects to the zoning change. MIT, understandably, wants to contend with as few city regulations as possible...

Author: By Catherine L. Schmidt, | Title: City powerbrokers | 6/7/1984 | See Source »

When American businessmen complain about unfair Japanese competition, high on their gripe list is the value of the yen. Many executives contend that restrictions in the Japanese financial system have kept the yen artificially cheap compared with the dollar, and thus have made it easier for Japanese manufacturers to keep prices low when selling their products abroad. In a speech in Detroit earlier this month, Chrysler Chairman Lee Iacocca declaimed, "The Japanese yen is undervalued by at least 15%, and everyone in Washington agrees on that...

Author: /time Magazine | Title: Agreeing to Boost the Yen | 6/4/1984 | See Source »

Greenmailers like Icahn contend that acquisitions serve a useful purpose by ousting incompetent managers who fail to make the most of a company's assets. He argues that if antigreenmail laws are enacted, they should be accompanied by measures to ensure that bad bosses cannot entrench themselves at the expense of shareholders. Actually, it is usually the stockholders, who do not have the same opportunity to sell their stock at a premium price, who are hurt by greenmail...

Author: /time Magazine | Title: Merger Rules | 6/4/1984 | See Source »

...fact, a chief criticism of lotteries is that they prey on the hopes, and wallets, of the poor. "I always felt that it was an insidious way to re-collect our welfare dollars," says Republican State Representative Tony Van Vliet of Oregon. Lottery enthusiasts, however, contend that different games attract different players. New York's high-stakes Lotto seems to be the pick of the upper and middle classes, while three-and four-digit numbers games appeal to a more downscale market. In Arizona, a state-funded study found that lottery regulars are predominantly white males with a median...

Author: /time Magazine | Title: Gambling on a Way to Trim Taxes | 5/28/1984 | See Source »

...Hold on a second, sir, We've listened long enough, says one of the men as the atmosphere of the room grows tumultuous again. "How can you contend that politics and the Olympics should have anything to do with each other...

Author: By Andy Doctoroff, | Title: The Olympics and a Stranger's Politics | 5/21/1984 | See Source »

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