Word: pies
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Iridium's chief competition for a piece of this pie-in-the-sky is Globalstar, based in San Jose, Calif. The company, which will build a rival constellation of 48 satellites 879 miles up, was founded by Loral Space and Communications and by Qualcomm, a leader in cellular technology. Its European partners include France Telecom, Daimler-Benz Aerospace and Britain's Vodafone Group. Globalstar's plan is much less expensive than that of Iridium, which has built intelligent satellites that route calls among themselves, sometimes halfway around the planet. That kind of smarts makes for a system that's more...
...forget the speeches last Tuesday, the confetti and that awful, foot-high award that baseball made up just so Bud Selig could have a reason to be onstage. (The Commissioner's Historic Achievement Award? Did someone come up with that during the game?) Forget that apple-pie groundskeeper kid who caught the ball, for which somebody had offered $1 million, and gave it up straightaway. No, instead, look at the details. After McGwire hit the home run (see attached photo of the historic event), it turned into a Little League game. The excited new record holder forgot to touch first...
...esteemed president continues his journey of repentance and spiritual renewal, his lawyers and aides continue the far more essential task of making excuses. And, if there is anything that the American people swallow more easily than apple pie and apologies, it is excuses. We understand--he was lonely, his appetites got the better of him, the lawsuit was politically motivated, Ken Starr is Satan...
...Kemp, CEO of the Los Angeles Community Development Bank, also believes that set-aside programs are still essential. Since 1996, his small bank (current assets: $48 million) has offered capital, lines of credit and basic services to businesses in South Central and East Los Angeles. "By enlarging the procurement pie," he says, "it has made it possible for everyone to be a part of the economy. In fact, the increased competition made better products and services." That's a color-blind mantra if ever there was one. --Reported by Patrick Cole/ Los Angeles, Sally B. Donnelly/Washington, Greg Fulton/Atlanta, Erik Gunn/Milwaukee...
...TIME Washington correspondent Jay Branegan, is another baby step in the right direction. "This is the beginning of a strategy of bite-size pieces of apology from Clinton, rather than another major speech," says Branegan. "Admitting fault and personal guilt is not his strength." But after eating humble pie with top Democrats Wednesday morning -- and getting a positive reaction -- the President has apparently decided to take his contrition show on the road. And not a moment too soon. Once Congress starts sifting through a ton of material relating to his private foibles, Clinton may have to get even better...