Word: counterassault
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Dates: during 1990-1999
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...Street economists about the dangers of the Republican plan to change the government's accounting rules to make tax cuts appear less expensive. A negative reaction by the financial markets could discredit many of the Republican taxing and spending plans. Typically, Gingrich's planned response to Rubin was a counterassault, inviting 25 top Wall Street economists to Washington to suggest they were "being stupid" to buy the White House line...
...last week for filmmaker Paramount Communications. With a bid from Viacom Inc. valued at $7.5 billion already on the table, QVC shopping-network chairman Barry Diller unveiled a staggering $9.5 billion counteroffer. Paramount stockholders could almost be heard sighing at the thought of their potential profits. In a counterassault with personal overtones, Viacom chairman Sumner Redstone fired back with an antitrust suit accusing one of Diller's chief backers, John Malone, the head of cable-TV powerhouse Tele-Communications Inc. (TCI), of monopolizing the cable industry...