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...deal-starved investment bankers, it's a feast - although the main course has yet to be served. Six potential bidders have emerged to date, trailing 11 investment banks, but so far only one offer is on the table, an unappetizing €4.4 billion stock offer from supermarketer William Morrison that Safeway no longer supports. Three bigger retailing rivals - Tesco, Sainsbury and Wal-Mart - are likely to encounter serious anti-trust obstacles if they make bids, bankers say, and the two financial bidders, KKR and Philip Green, would load the retailer up with debt. With the volume of merger activity...

Author: /time Magazine | Title: Feeding Frenzy at Safeway Buffet | 1/26/2003 | See Source »

...Elvismania transcends the usual devotion to a white-hot celebrity, even one who has died before his time. Rudolph Valentino, Will Rogers, James Dean, Marilyn Monroe, Jimi Hendrix, Jim Morrison and Bob Marley - these stars may have left indelible niches in the hearts of their fans, but few built shrines to them. Rumors of their survival rarely blossomed into testimony of posthumous visitations. Nor did their homes become cathedral theme parks. Yet each year Graceland, Presley's residence in Memphis, welcomes more than half a million Elvisitors, and many are true believers: call them Presleyterians. Like the Christian liturgical calendar...

Author: /time Magazine | Title: That Old Feeling: Happy Birthday, Elvis | 1/8/2003 | See Source »

...result. If the camera caught a juror in a slumping posture, would there then be media "analysis" on clearheadedness? If cameras routinely appeared in the jury room, would sober, sensitive and sensible individuals come to regard jury duty as taking part in a show of cheapened justice? LARRY MORRISON Sturbridge, Mass...

Author: /time Magazine | Title: Letters: Dec. 30, 2002 | 12/30/2002 | See Source »

...crisis. Prescient too: 21 months before the Sept. 11 attacks, he warned in a newspaper column, "The defining struggle of the new age [will] be between terrorism and security." Even at his worst, Rushdie is engaging: talking music with Bono (who wanted to discuss politics), hanging out with Van Morrison (who disliked his lousy dancing), trying to get his novel Midnight's Children made for TV (in vain, though a London stage version opens Jan. 18). Or sitting in a heavily guarded New York hotel as poet Allen Ginsberg shows him breathing exercises to relieve fatwa-induced stress. "How extraordinary...

Author: /time Magazine | Title: You Can't Make This Up | 12/15/2002 | See Source »

...Stevens ’03 returned home over the holiday break to find that all his old friends have become either borderline drug addicts or born-again Christians. Seeking to find a happy medium, Stevens has begun proselytizing while high. “Jesus, was, like, the original Jim Morrison,” he whispered gravely...

Author: By Ben D. Mathis-lilley and Ben C. Wasserstein, CRIMSON STAFF WRITERSS | Title: GOSSIP GUY SPECIAL | 12/12/2002 | See Source »

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