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With interest calculated since the church filed suit against the giant insurance company in 1975, the final damages could exceed $11 million, according to attorney Anthony E. Battelle, who represented the church...
...oppose cutting the deficit by too much, too fast, they agree that doing nothing to diminish the level of federal red ink could be equally dangerous. Massive Government borrowing soaks private savings out of the economy, leaving fewer funds available for business investment. Most ^ ominous, the national debt may exceed $2.2 trillion this year. The interest payments on that gargantuan sum already threaten to put an intolerable burden on future generations. Says Roger Noll, a professor of economics at Stanford: "What we will see happen as a result of continuing deficits is the slow, persistent erosion of the health...
...psychologically significant. After an eight-hour meeting of key officials last week, the government of Prime Minister Yasuhiro Nakasone announced that its proposed new budget will raise defense spending to 1.004% of Japan's estimated 1987 gross national product. If adopted by the Diet, the outlays would exceed for the first time the 1% ceiling on defense spending that Japan has observed for the past ten years...
Overall, studio profits reflect the general bounty, and nowhere is that more true than at Paramount. The company's earnings for 1986 are expected to exceed $110 million on estimated revenues of over $925 million. That compares handsomely with an anemic $75.1 million profit on revenues of $864 million in 1985. Paramount's television business is also booming, along with "follow- on" sales of movies to cable TV and other outlets. The company's overall prospects have helped Gulf & Western's stock rise from its year low of 47 3/4 to last week's close...
Allison said Dillon's previous donations to the school "well exceed the other...