Word: ink
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Government borrowing to cover the red ink has kept "real" (that is, inflation-adjusted) interest rates in the U.S. well above comparable rates abroad, pulling in much foreign capital from investors who seek the highest possible return on their savings. Whatever the cause, officials always conceded that the dollar might get too lofty and that intervention on the exchange markets might be needed to bring it down. But they were wary of actually doing it. Privately, some U.S. officials described intervention as "spitting in the wind...
Jobs' departure caps months of turmoil that has shaken Apple to its core. The maker of home and office computers lost $17 million in its most recent quarter, the first red ink in the company's history. The firm is still recovering from a sweeping corporate housecleaning this summer in which 1,200 of Apple's 5,850 employees were let go. The company's woes, moreover, have occurred against a backdrop of sluggish sales throughout Silicon Valley and the entire computer industry. The beleaguered firm thus cannot take lightly even the symbolic threat posed by Jobs' new company, which...
...networks make money by selling viewers, in bulk and by demographics, to advertisers; NBC has done this so successfully that, since Grant Tinker was named chairman of the network in 1981, an estimated $5 million of red ink has been alchemized into a projected $200 million profit for 1985. But what has NBC sold viewers on? Mostly a feast of slick weekly series in three broad categories: the traditional situation comedy, led by last season's phenom The Cosby Show (2nd in the yearlong Nielsen ratings to CBS's Dallas) and including Family Ties (3rd), Cheers (9th), Night Court (19th...
Property-and-casualty insurance companies say they have no choice but to hike rates because they are scrambling to recover from $3.8 billion in red ink last year. Some of the current losses are the result of a six-year rate war in which most insurers slashed premiums with competitive abandon. But a greater problem is the growing number and size of personal-injury lawsuits. Says Rudolph F. Landolt, president of Chicago's Kemper Group of Insurance Companies: "You have an accident, and everyone involved gets sued. We live in litigious times." Insurance companies blame courts for being...
...yeah? What's art, doc? You mean those six-minute strips of animated paint and ink that served as anarchic baby sitters for a couple of generations of Satur- day-matinee kids? A duck getting its beak blown askew by an irate hunter is art? Well, yeah, when the duck is Daffy and the hunter is the dully malevolent Elmer Fudd. In Rabbit Seasoning (1952), Daffy and Bugs are out to convince Elmer that the other is the legally blastable species. In the midst of an argument, Daffy encounters some pronoun trouble and tells Elmer, "I demand that you shoot...