Word: feverently
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...struggle between Sumner Redstone's Viacom and Barry Diller's QVC to acquire Paramount. The winner in this fight will almost certainly be a loser because the winner will overpay. Overpaying is a major symptom of show-business fever. Whatever the wishful rationalization of the day -- magazines and cable TV need the synergy of movies and records (Time and Warner, 1989); hardware needs software (Sony and Matsushita buying Columbia Pictures and MCA/Universal, 1990-91); the information superhighway needs content (everyone, 1993-94) -- it is almost axiomatic that when people come down with show-business fever, they pay a premium...
Close confidants of both Diller and Redstone say they have urged their respective principals in the past few weeks to back down and let the other tough guy win Paramount, plus the exciting obligation of assuming $4 billion to $8 billion in debt. But Redstone has the fever. Last Friday he threw more billions on the table and, to raise the cash, all but ceded control of his company, giving up half the seats on his board of directors to outsiders. He is plainly determined to win, even if it means losing...
...proposal in Mather is screening films which relate to racial and gender issues, including "Jungle Fever" and "The Philadelphia Story." Other suggested events include lectures by visiting faculty, such as filmmaker Spike Lee and author Jamaica Kincaid...
...solving this problem is a tricky affair. One option is simply to eliminate regional tax rate discrepancies by eliminating local rights of taxation in favor of broader federal levies. Localities and states would rely, in turn, on federal grants instead of local taxes. Certainly, tax abatement fever would subside, as localities would have little to give away...
Immigration backlash is particularly strong in New York, Florida, Texas and, most of all, California, which officials say contains more than half of all the illegal immigrants in the country. As the frequent bellwether of national changes, the state has already caught a low-grade fever from this issue. Governor Pete Wilson has won majority support for a proposed constitutional amendment that would prevent children born in the U.S. of illegal immigrants from automatically becoming citizens. Californians, more than most Americans, complain about special treatment for immigrants. TIME's poll indicates that 51% of Californians favor cutting off health benefits...