Word: majority
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Dates: during 1990-1999
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Iridium is now a consortium whose major shareholders include Motorola (which kept a 20% stake), Lockheed Martin and Sprint, plus Germany's Veba AG and Russia's Krunichev State Research Production Space Center. The joint venture was supposed to go live on Sept. 23, but then software glitches led officials to disclose that they will delay until Nov. 1 what amounts to the final roll of the dice in its $5 billion gamble to revolutionize telecommunications--or become the best-publicized flop in history. The announcement nudged its stock price on the NASDAQ exchange down...
Airline deregulation, instituted in 1978, has reduced competition, with major hub cities like Atlanta and Minneapolis dominated by a single carrier, which can virtually dictate fares. American Airlines, which dominates the market from Miami to the Caribbean, cut fares drastically a couple of years ago, when a reconstituted Pan Am came on the scene; only hours after Pan Am shut down last February, American's fares shot up. Miami travelers complain that American's busy schedule is something of a sham, with flights often canceled for mysterious reasons. On the route to Nassau, says Perla Martinez, a Miami travel agent...
...most of it heavily logged, Maxxam Corp. of Houston, Pacific Lumber's owner, will get $250 million from the Federal Government and $210 million from California. At week's end there seemed little doubt that Governor Pete Wilson would sign the payment bill. Maxxam, controlled by Hurwitz, was a major contributor to his most recent election campaign...
...success affects people. Most of them turn into jerks. But Sosa, 29, got his paycheck and relaxed. He let us see the generous, fun and classy person he is. And he performed. With a league-leading 154 RBIs, a .309 average and the most home runs of any other major leaguer, except Mark McGwire (he had 63 to McGwire's 64 at week's end), has ever hit, Sosa has had one of the best offensive years of any other player, any other time. Most sportswriters think that he'll swipe the MVP award from McGwire and that...
...also got a lot to remember when you're responsible for a whole country. Sosa shined shoes as a kid to help pay for the two-room apartment he lived in with his widowed mom and six siblings in the Dominican Republic. When a major league representative saw him play, he thought Sosa was amazingly talented and a little malnourished. But since he became a professional ballplayer nine years ago, he has funneled money south. He has lavished three houses on his mother, bought businesses for his sisters, sent computers to schools, donated ambulances to hospitals, handed out so many...