Word: greenfelds
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...headaches may be priceless. "The FCC is a lot less likely to hold up a merger between long-distance companies (MCI and Sprint are Nos. 2 and 3 in that market, respectively) because there?s already a big fat competitor sitting right there," says TIME business writer Karl Taro Greenfeld. "In fact, some of the impetus for MCI to buy Sprint may be to save money and compete even more with...
...almost anyone, but that $7-a-share premium is for a deal that could face serious problems going through. "This is a Baby Bell trying to get into long distance, and BellSouth alone has already been rejected [as a potential long-distance carrier] by the FCC three times," says Greenfeld. "Until AT&T can make a real business out of offering local service over their phone lines, the FCC is likely to make any BellSouth wait ?- and that doesn?t even include state-by-state approval by state regulators. God knows how long how thatcould take." The stock market, meanwhile...
...distance carriers like AT&T had had their shot at breaking the Baby Bells' hold on local markets. Bell Atlantic claims that day has arrived (pointing out, for instance, that both MCI and AT&T have considerable numbers of local customers in New York); TIME business writer Karl Taro Greenfeld isn?t so sure...
...from other Time Inc. publications, have served as reading tutors to local public school students. The pupils read from a variety of our magazines, from SPORTS ILLUSTRATED FOR KIDS to TEEN PEOPLE, enhancing their learning skills and perhaps developing into discerning interpreters of the news. Staff writers Karl Taro Greenfeld, Joel Stein and Romesh Ratnesar and writer-reporters Michele Orecklin and Jodie Morse are current TIME tutors. Stein, Orecklin and Ratnesar have been working with eighth-grader Jovon Lee since last September. It didn't take long to discover they had a voracious reader on their hands, even...
...percent investment any time soon. Iridium will miss its next interest payment to bondholders, and its bankers have given it until August 11 to come up with a new business plan. The Wall Street Journal has nicknamed the company "Icarus." What went wrong? TIME business writer Karl Taro Greenfeld says Iridium showed up at the telecom party a little too early...