Word: million-dollar
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Really Simple Syndication (RSS) technology can deliver up-to-the-minute news feeds from media outlets to an RSS subscriber’s desktop. Now the technology may get a $100-million-dollar shot in the arm. Palfrey and James F. Moore, a former senior fellow at the Berkman Center, have teamed up with venture capitalists Richard Fishman and Ritchie Capital’s Steve Smith and Tom Crowley to raise $100 million for RSS Investors, LP, the first private equity fund geared toward investing in RSS technology...
...ball makers to cigarette manufacturers. From 1977 to 1981, the number of civil lawsuits in state courts grew four times as fast as the population of the U.S. And in the decade between 1974 and 1984, the number of product-liability suits in federal courts expanded 680%. The first million-dollar verdict did not occur until 1962, but there were 401 in 1984, according to Jury Verdict Research Inc., a private group. The average verdict in product-liability cases now tops $1 million; preliminary figures for 1985 indicate that the average verdict in medical malpractice cases also exceeded $1 million...
...figures count only the initial outcomes of trials that the plaintiffs won. If defendant victories, out-of-court settlements and verdicts reduced on appeal were factored in, say the lawyers, even the average level of awards would be much lower. ATLA asserts that more than two-thirds of the million-dollar awards compensate victims or relatives for genuinely serious injuries, such as death or permanent paralysis, reflecting a laudable determination by juries to see that companies pay the price for misdeeds that once went unpunished...
...subculture of homeless youths that frequented the ‘Pit,’” he said. “It was just so striking to us that in the shadow of the world’s greatest university and a few blocks from Brattle Street and million-dollar homes that you had this band of runaways and drifters...
...players did not go for the pitch. If baseball was such an invalid, they asked, how come attendance was up 50% since the mid-'70s, some franchises were selling for as much as $50 million and owners of supposedly weak clubs could still dangle million-dollar contracts before .250 hitters? Last April, prodded by Commissioner Ueberroth, the teams agreed to open their books to the players. An accountant hired by the owners promptly scaled back the losses originally claimed by the clubs from $43 million last year to $27 million. The players' accountants, meanwhile, insisted that the owners actually made...