Word: multimillion
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Dates: during 1980-1989
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...inflation and high interest rates has rocked the bond and stock markets in the past few weeks. As a result of that skepticism, says one White House aide, "a clever overall strategy" will be needed if the President is to have his way on taxes. That may include a multimillion-dollar advertising campaign, financed in part by the Republican National Committee, to drum up support in conservative congressional districts. The strategy will almost certainly also involve an accommodation...
Agnew not only faces a possible $350,000 judgment but also must contend with a multimillion-dollar libel suit filed by a former campaign manager and personal attorney who was named in his 1980 book Go Quietly . . .or Else. However, owing mainly to the international investment deals he packages, Agnew is believed to have a hefty in come. He owns a condominium in a waterfront high-rise in Ocean City, Md., and a lavish home in Palm Springs, Calif., where he surfaces sporadically to trim his golf handicap...
Maybe so, but some libel experts are uneasy. Taken together with the $14 million award (reduced from $26 million last week) against Penthouse magazine for libeling Kimerli Pring, a former Miss Wyoming, the Enquirer verdict might signal a trend in multimillion-dollar verdicts that could put publications out of business, a prospect that would unquestionably inhibit journalists. Says First Amendment Lawyer Floyd Abrams: "The fact that such a large judgment has been returned in such a highly publicized case may well be an inducement to more plaintiffs to bring more lawsuits seeking more money." As for the Enquirer, it vows...
...lawyer. Says one of Spence's victims: "He's so good that he shouldn't be permitted in a courtroom." He has not lost a case before a jury in twelve years, even though he regularly takes on the polished lawyers who represent powerful corporations. The multimillion-dollar losers include the Kerr-McGee energy conglomerate, for allowing Employee Karen Silkwood to be contaminated with plutonium; Squibb, for marketing an inadequately tested pregnancy-detection drug (Gestest) that apparently caused birth defects; and, most recently, Penthouse magazine, for a 1979 article that libeled a former Miss Wyoming, Kimerli Pring...
...last fall, long-graduated protesters won their biggest single victory. Following a policy adopted in the heat of the controversy, Harvard sold more than $50 million in notes and a certificate of deposit after Citibank announced it would join a consortium of banks extending a multimillion dollar line of credit to South Africa...