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...surge in big merger proposals? Primarily, says Stephen Friedman, a partner specializing in corporate marriages at Goldman,, Sachs, because many managers of giant companies find that "it is cheaper to buy than to build." Their own companies are flush with cash, and as they look around for expansion possibilities, they find numerous companies not much smaller than their own selling for less than asset value per share-so that they can afford to make an offer well above market price and still pick up a company relatively inexpensively...

Author: /time Magazine | Title: Business: Return of the Big Deal | 8/29/1977 | See Source »

...Watergate committee to hint at the various venal sins committed by the administration still in power. Like so many others, I drew the routine conclusion that Nixon was a paranoid scum, and wondered how much longer he would cling to the Oval Office. It took them a year to flush...

Author: By George K. Sweetnam, | Title: Dealing With History | 8/16/1977 | See Source »

...mineral-oil base that is constantly recycled and filtered through a 500-gal. waste tank under the house; every year a truck pumps out the refuse. Others have attached fiberglass tanks full of compressed air to cut down on the number of gallons of water required to flush a toilet. People are also affixing gadgets to their showers and faucets to decrease the flow. Many California families are voluntarily bathing in six gallons of water or less, then using it to water plants or wipe off dirty windows. Some are changing sheets only once every ten days to reduce...

Author: /time Magazine | Title: WEATHER: Waterless West | 8/15/1977 | See Source »

Public Affection. The emissaries who manufactured this marriage should have recalled it. Instead, husband and wife set out on a pitched battle that lasts some 25 years. The prince wants to flush Caroline out of his life. Her goal is "the mental and physical destruction of my husband and the eventual isolation from him of all public affection." Politicians come to this party, the Whigs siding with the prince in the hopes of discrediting George III and the Tories. The prince spurs an investigation to show that Caroline is guilty of adultery. Cagily, she gives her pursuers ample suspicion...

Author: /time Magazine | Title: Books: Royal Flush | 5/30/1977 | See Source »

...plant and equipment. The Senate had kept this provision in the bill, as an alternate to tax credits on newly hired workers, but House Ways and Means Committee Chairman Al Ullman argued successfully in conference that the extra 2% would not spur much investment, because corporations are already flush with cash...

Author: /time Magazine | Title: TAXES: Stripping the Stimulus | 5/16/1977 | See Source »

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