Word: jeanings
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...CHRISTOPHER BROWN of Bloomington, Minn. still hasa spring in his step.Near left: COWMAN AMOOHA of Kailua Kona,Hawaii, cools off before Heartbreak Hill inNewton.Right: KATSUYA KAWAI, 34, of Japan towersover the rest of the pack. He beat the four hourmark by a neck, finishing in 3:59:03.Below: JEAN DRISCOLL (right) ofChampaign, III., keeps pace with LOUISE SAUVAGE ofSydney, Australia. Sauvage edged out a victoryover Driscoll in the women's wheelchair race by amargin of just one second with a final time...
...more uncharted jump outside national borders. "There's a preference to start with domestic mergers first because they offer the quickest way to reduce excess capacity by cutting jobs," says Hendrikus Blommestein, acting head of the financial markets division of the Organization for Economic Cooperation and Development in Paris. Jean-Pierre Danthine, a professor at the University of Lausanne, suggests an additional motive for the at-home trend in corporate behavior: domestic mergers have the advantage of eliminating local competition. "If there's excess capacity, you can reap a lot of benefits by buying your competitor and closing him down...
...Jean-Hugues de Lamaze, who follows French companies for the Credit Suisse First Boston bank in London, says the BNP offer was "more aggressive than we are used to in France." But he also notes that the French government, which until recently took an active role in overseeing takeover deals in the financial sector, has remained silent at the outburst of cannibalism. "France is eager to remain in the race, and there's an overall feeling that [its institutions] have to be a bit more Anglo-Saxon, more market oriented," De Lamaze says...
John Pierpont Morgan is usually "depicted...as a ruthless predator who robbed America's farmers and workers to line his own pockets," writes Jean Strouse. But halfway through her first draft of Morgan: American Financier (Random House; 796 pages; $34.95), she realized that the picture she was getting from plowing through a mass of Morgan documents, many of which no previous biographer had seen, was far more complex. Starting over, she has produced a more balanced and crisply written--though at times unnecessarily detailed--portrait than her subject could ever have drawn. History, Strouse observes, is written by "the articulate...
...LUCILLE LORTEL, 98, patron of noncommercial theater; in New York City. Lortel was dedicated to providing creative havens for innovative artists. At her theaters in Connecticut and New York City, the onetime actress helped spark the careers of Sidney Lumet and Eva Marie Saint and showcased the works of Jean Genet, Sean O'Casey and Edward Albee...