Word: corps
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...much of that goes into the coffers of blue-chip hotel chains, media companies and cable operators (such as Time Warner, the parent company of TIME). In the pilot, Goldman's company negotiates a partnership with DirecTV--the satellite service that, in real life, Fox's parent company, News Corp., has struck a deal to control. "Certainly," says Leonard dryly, "[Fox] asked us to change the name of the company" in the version that will...
...equally unproductive. A woman who identified herself as Susan Trimboli said any questions would have to be answered by a Jim Scott in Sacramento, Calif. He turned out to be James Scott, who works out of Earthco's Las Vegas office. He is the president of Mid-Power Service Corp., another Las Vegas energy business. Until two weeks ago it was in bankruptcy court. Scott did not return calls, but Mark Davis, a Sacramento attorney and Scott associate, did. Asked about Slusser's current connection with Earthco, Davis replied, "The answer is zero. Neither as a shareholder, officer--no capacity...
...Gulf oil crises in the 1970s had sent oil prices zooming and had given rise to high hopes in Washington and the oil industry that shale would develop into a synthetic-fuel industry. To encourage domestic production, Congress enacted the synfuels tax credit and also created the Synthetic Fuels Corp. As envisioned by President Jimmy Carter, synfuels would "replace 2.5 million bbl. of imported oil a day by 1990." Oil companies flocked to Colorado. Those already active in the field, like Union Oil Co. of California (Unocal), redoubled their efforts to bring plants online. Unocal started construction of a mine...
...done in the past. After 1980, the Reagan Administration thought private industry, not government, should shoulder all the costs. Subsidies were reduced, and in 1985 the Administration killed the entire program, except for the synthetic-fuels tax credit. "The Administration no longer believes continued funding of the Synthetic Fuels Corp. serves any useful purpose," Budget Director James Miller told Congress. Former Colorado Governor Richard Lamm, among others, considered Washington's outlook to be shortsighted: "America's energy policy is zigzagging through history like a drunk...
There is at least one outfit trying to reverse the sport's direction. Magna Entertainment Corp. (MEC), a spin-off of Canadian auto-parts maker Magna International, has spent about $1 billion to buy 12 U.S. tracks over the past five years, including Pimlico and Bay Meadows. The company may also bid for the scandal-plagued New York Racing Association's tracks, which include Saratoga and Belmont Park. "I love horses, but I just got bored going to the racetrack," says Frank Stronach, Magna's chairman, who became one of the world's top breeders while he was making billions...