Word: excesses
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...spreading scandal is a particular concern to Republicans in light of next year's midterm elections. Abramoff's name has become associated in Washington with more than just typical lobbying excess. He is an intimate of the self-described revolutionaries who took power on the Hill in 1994 on promises of cleaning house after decades of Democratic control and, as such, is seen as the personification of the Republican revolution gone awry. It doesn't help that the Indian tribal money that made Abramoff so influential around town came mostly from profits from gambling, which many conservatives view as immoral...
...Deal of the Day Woot! www.woot.com Here a consumer electronics distributor unloads excess inventory of a single item each day at a steep discount. One day it could be a home theater system, the next a digital camera. The item is available until it sells out, or until 11:59 pm Central Time that night, whichever happens first. This oddball approach has generated a cult following, which keeps the community forums abuzz with product reviews and other chatter. Selection of one too limited for you? Try Overstock.com, a perennial favorite among bargain hunters that sells excess inventory at great prices...
Responding to Dyken, Neurosurgeon James T. Robertson of the University of Tennessee agreed that the excess surgery is "indefensible." Other surgeons are not so quick to condemn current practice. Since thorough studies have not been conducted, says Dr. Russel Patterson, president of the American Association of Neurological Surgeons, "nobody knows whether the operation is overdone...
...lack of a formal labor contract at USX may be one reason why corporate buccaneers, sensing the potential for wage cuts and an eventual increase in corporate earnings, soon began to sniff around. Another attraction for raiders is a USX pension fund with an estimated $2.5 billion in excess assets. Last month the company's stock began moving into some well-known hands. Among the buyers: Robert Holmes à Court, an Australian investor; T. Boone Pickens, the Texas oilman-raider; Irwin Jacobs, the Minneapolis entrepreneur and speculator. Pickens reportedly cashed in his chips two weeks ago for a big profit...
...latest megatakeover offers broke a relative lull in the merger spree--a lull, that is, only by recent standards. Last year more than 3,380 mergers and buyouts worth $1 million or more were completed in the U.S., with a total value in excess of $144 billion. In the first half of 1986 there were 1,639 similar transactions, worth more than $81 billion. But then the pace slowed a bit. In the past three months only 714 deals took place, involving more than $21 billion. Now, however, the merger game definitely seems to be heating up again. Allied Stores...