Word: priced
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Dates: during 1980-1989
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...capital, with little access to independent information, seemed to accept the government's sanitized version of events. Perhaps they are relieved to be no longer teetering on the brink of civil war. Perhaps they find a military occupation, 1,000 arrests and a revision of history a small price to pay for restoration of order. Perhaps, suggests a university professor in Shanghai, "the truth is too painful to accept...
...price tag for transforming the country's middle schools will doubtless be higher than the federal, state or local governments want to pay. But, warns Carnegie, the real choice is whether to fund health clinics, counseling and teacher training today or pay the far higher cost of dropouts, an ill-prepared work force and swelling welfare and prison rolls tomorrow. "The nation cannot afford to continue neglecting these youth," concludes the report. Lorraine Monroe, director of the Center for Minority Achievement at Manhattan's Bank Street College of Education, agrees. "We can't hold school the way we used...
Meanwhile, some vintners are searching for distinction in a different way by assigning their top wines proprietary names (the Clos du Bois vineyard's Marlstone, for example). Despite Heitz's Napa Valley pride, his lush, minty Cabernet Sauvignons (typical price: $40) are best known by the names of two farms where the grapes are grown, Martha's Vineyard and Bella Oaks. But for many growers whose wines lack the cachet of Heitz's, new AVAs represent profits and prestige...
...said, "we don't see how it begins to compare with our offer of $175 a share in cash for all shares." Declared Paramount's principal investment banker, Robert Greenhill of Morgan Stanley: "We consider this a very weak response." Paramount repeated an earlier offer to negotiate a higher price, and declared, "We will continue our efforts to acquire Time Inc. with firm determination...
Critics of the deal complained that it would not quickly raise Time's stock to the level of Paramount's bid. "Time management had a plan to build an empire, and somebody threw a wrench into that plan by offering the shareholders a better price," said Ralph Whitworth, director of the United Shareholders Association, a Washington-based advocacy group. "It should have been left up to the shareholders to decide" how to vote on Paramount's proposal. Disappointed Time stockholders may be inclined to bring lawsuits accusing the company of failing to look after their immediate interests. Said...