Word: greenwald
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...John Greenwald. Reported by Jerry Hannifin/Washington and Aixa M. Pascual/New York
...John Greenwald. Reported by Hilary Hylton/Austin and Andrea Sachs/New York
...Bell Atlantic, AT&T -- all these companies want their brand to be one-stop shopping: local phone service, long-distance service and Internet access," says TIME business correspondent John Greenwald. "The FCC just needs to ensure that there are more than one of these brands in each market." Under the Telecommunications Act, the Baby Bells have to give up their monopoly on the local markets -- and that hasn't happened yet, which is a major hurdle for this merger. But if it's approved, Bell Atlantic, armed with GTE's long-distance service, will have taken a step toward crossover...
...offend political cronies. Hashimoto vowed last year to slash Japan's outsize budget deficit, which would rule out any substantial stimulus package. Yet without a healthy Japan to buy their exports, other Asian countries will find it even harder to resume the prosperity they once enjoyed. --By John Greenwald. Reported by Bruce van Voorst/Washington
...John Greenwald. Reported by Daniel Eisenberg/New York