Word: deale
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Dates: during 1990-1999
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Sachs spoke last, saying that the end on communism created a great deal of hope that the world could function better economically...
...Americans who have long since grown used to the dog-eat-dog world of hostile corporate takeovers, none of this sounds new. But for Europeans, the ground is shaking. A bare three months into 1999, the first year of Europe's single currency, the pace of deal making is already fevered. According to statistics compiled by Securities Data/Thomson Financial by the end of the first quarter of 1999, merger activity involving European companies has reached $345 billion, up from $145 billion in the same period last year...
...takeovers could be considered friendly, such as British Aerospace's $12.8 billion purchase of the Marconi defense business from General Electric Co. of Britain. But European business also seems to be playing by a set of new and bloodthirsty rules. In a clean break with the clubby, amicable deal making of the past, a new breed of European corporate strategist is talking the North American lingo of hostile takeovers, poison pills and white knights, and behaving accordingly. Even some of the friendlier activity reflects the dominance of America's hardball tactics...
...content has been enough to frighten away top-tier underwriters like DLJ and Goldman Sachs. But for second-tier underwriters, the seamy associations might be worth the bottom-line bump. Craig Gould, vice president of National Securities, a firm that says it is likely to be in on the deal, believes the company can be floated, pointing out that BearStearns found a way to take Playboy public: "History has shown that Wall Street has raised money for adult companies," he says. Fidelity and Warburg Pincus hold blocks of Playboy stock, while BearStearns and T. Rowe Price own positions in Spice...
...accumulation of signs can carry architecture only so far, because architecture in its root and essence is very much more than sign language. Yesterday's ironies wrap today's garbage. Architecture has to go deeper, find real human needs and deal with those. Foster likes to list them in simple terms: the structure that holds a building up; the services that let it work; "the ecology of the building--whether it is naturally ventilated, whether you can open the windows, the quality of light"; the mass or lightness of its materials; its relationship to the site, the street...