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...sign of a healthy and competitive economy. Acquisitions are "an important ingredient in a free-market system," says Northwestern's Rappaport. "There's no question that overall they're beneficial." Nor do economists really worry about all the firms in the U.S. eventually blending into one or two gargantuan companies. They note that new concerns are formed at an even faster clip than corporations are consolidating. So while the urge to merge will never end, says Yale Brozen, author of the 1982 book Concentration, Mergers and Public Policy, "that doesn't mean there will be a decrease in the number...

Author: /time Magazine | Title: Bigger Yes, But Better? | 4/18/2005 | See Source »

...downfall. Bowen served as chairman of the Advisory Council on Social Security, which helped rescue the foundering system in 1984. He promised last week to perform his new job "with as much efficiency and compassion as I can." Expect him also to attempt to hold the line on the gargantuan ($327.8 billion) HHS budget. ARMED FORCES Dollar Wars Over Star Wars...

Author: /time Magazine | Title: American Notes: Nov 18, 1985 | 4/18/2005 | See Source »

...veteran actors he has assembled. The film merrily flouts the laws of time and physics. Teeth fly upward in slo-mo; then a Road Runner--style chase zips by in superspeedy-mo. The Pig Sty denizens have the resilience of Warner Bros. cartoon characters: lips, throats, bosoms expand to gargantuan size, then snap back. Punctuating the mayhem are sound effects (mooing, clucking, cat mewls, toad croaks) worthy of a Spike Jones symphony...

Author: /time Magazine | Title: Movies: A Magical Martial Romp | 4/17/2005 | See Source »

...biggest draw of “Crash” will inevitably be its gargantuan, high-quality cast, featuring a cultural and racial diversity of which admissions directors could only dream...

Author: By Amos Barshad, CONTRIBUTING WRITER | Title: Dillon, Haggis Collide in ‘Crash’ | 4/15/2005 | See Source »

April 15 was the deadline for Americans to file their 1984 tax returns, but for the Internal Revenue Service that date marked only the halfway point in the gargantuan task of sorting and examining 100 million tax reports. Ordinarily the agency, long hailed by intimidated taxpayers as a model of efficiency, is unfazed by the awesome bureaucratic burden. This year, however, an astonishing array of glitches in the IRS's new $131 million Sperry-Univac computers has created an unprecedented backlog of unprocessed tax forms...

Author: /time Magazine | Title: Computers: Glitches and Crashes at the IRS | 4/12/2005 | See Source »

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