Word: demanding
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Dates: during 1990-1999
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...failure of the deal stirred speculation over the future of the much touted electronic superhighway, which is expected to bring into U.S. homes everything from video games, movies and news on demand to vast video shopping malls. The quest to build this highway has become the great preoccupation of the 1990s, and thus the TCI-Bell Atlantic breakup had a global resonance. The two companies combined would have been the single biggest highway builder, expecting to spend as much as $20 billion over five years toward the construction of an interactive system for American homes...
These companies aim to build on a trial basis in limited locations, rather than rushing ahead on a nationwide scale, as Bell Atlantic and TCI had planned to do. "The information highway will be constructed on the basis of consumer demand, rather than on the basis of build-it-and-they- will-come," says Steve Krause, a technology analyst with SRI International...
Tokyo scrambled to propose conciliatory measures to promote imports, speed deregulation, break down monopolies and open up government purchasing to outsiders -- a standard litany that Washington wasn't buying. And the Japanese gave no sign of willingness to compromise on the core U.S. demand that their progress in opening markets should be measured by "objective criteria" -- in effect, guaranteeing that competitive products get a share of the market...
According to some key participants, the Blockbuster deal nearly died aborning -- a close call that could have scuttled Viacom's chances of winning Paramount as well. The trouble began shortly before Christmas, when Blockbuster president Steven Berrard demanded that Viacom provide a separate collar to protect Blockbuster shareholders, who were to receive $8.4 billion in cash and Viacom stock in exchange for their company. While Greenhill later championed a collar for Paramount shareholders, he rejected Berrard's demand out of hand. Reason: Viacom stock was falling fast, and if the plunge accelerated, the company would have to issue more shares...
Such an investment is, emotionally speaking, not so easily liquidated; among those demanding special preferences for blacks, say, or advocating special leniency for black violence, Jews have customarily been the first to be heard from; and at least until a moment ago, every anti-Jewish incident in the black community, including the 1991 minipogrom in Crown Heights, has led to an invitation from Jews to the offending blacks to meet and repair relations. (The demand by some Jewish leaders that Jesse Jackson and others must once and for all repudiate Farrakhan, so unperceptively seen by some as an unfair application...