Word: free
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Dates: during 1980-1989
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...some important ways, however, the matchups look quite different. For one thing, the debt-free nature of the Time-Warner deal would have given the merged company far more flexibility than a Time-Paramount consolidation might have. "The Time-Warner combination left everybody's powder dry to be able to go out and make acquisitions," says Larry Gerbrandt, a vice president of Paul Kagan Associates, a California-based communications-industry analyst. "But in a tender offer like Paramount's, you have to load up with a tremendous amount of debt that limits your options. The strategy can work...
...potential source of conflict is outside interference from such groups as the Iraq-based People's Mujahedin of Iran. There is also the danger of a new burst of Iran-sponsored international terrorism as rival organizations contend for power. "As the factionalism builds up, there will be more free-lance terrorism and less control from the center," warns Gary Sick, who monitored Iran for the National Security Council under the Carter Administration...
...come-on is trivial over the long pull; it is designed to cloud your judgment. The true rate on this deal is the "nationally recognized interest index plus 1.5%" that Amex talks about. But a footnote reveals this to be an index of short-term, tax-free bonds, the lowest-yielding animals...
Absent father. Melancholy mom. Squall-free adolescence followed by the ritual college degree. But with no draft to face -- no obligations at all, really -- how is a bright, sensitive, well-off young fellow to grow up? Honoring tradition, Alec Stern decides to go abroad to try out maturity. His destination: Tokyo. Bicycle Days, a first novel by a 24-year-old Harvard graduate, is the wry, rueful story of Alec's efforts to cope with his job at a computer outfit and with a vexing foreign culture. Through his adoptive family, the friendship of an old fisherman and a troubling...
When Christopher Whittle unveiled his plans to bring TV to the nation's classrooms earlier this year, he served up the deal with the classic pitch: everybody would win. Underfunded schools would get tens of thousands of dollars' worth of video equipment free, students would get a news program to teach them that Chernobyl is not Cher's full name, advertisers would get a captive teenage audience, and Whittle would make a healthy profit. Despite loud criticism that the daily newscasts amounted to cynical commercialization of the classroom, Whittle announced last week that he was not only going ahead with...