Word: priceyness
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Dates: during 2000-2009
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Indeed, the more Hollywood and cyberspace engage each other, the more body bags come back. Shockwave.com an entertainment site that forged pricey pacts with Tim Burton, David Lynch and the two creators of South Park, laid off 20 last week from its staff of 170. A copyright lawsuit filed by the movie and recording industries has scared investors away from the Michael Ovitz-backed content-search engine Scour, which laid off 52 of its 70 employees two weeks ago. The Digital Entertainment Network imploded in May, and even the critically lauded short-films site Atom Films is in need...
Opponents contend that such gains can be pricey. While parents may be shocked at the rising costs of day camps and child care, the estimated tab to extend public education just one day is $1 billion to $1.5 billion. So far, mainly poor schools, which dip into federal Title I funds, and privately run charter schools manage to foot the bill...
...heat is turning up now because Sommer has turned his affections toward VoiceStream Wireless, reportedly offering $53 billion in stock and cash for the Bellevue, Wash., firm. That works out to a pricey $20,000 per customer, high enough to send DT's stock plunging 9% last week. Still, VoiceStream may be worth it. "To fulfill its global ambitions, Deutsche Telekom needs a stable position in the U.S. market," says analyst Holger Grawe at German bank WestLB, adding that the supply of U.S. companies is limited. DT reportedly hired a Washington law firm last week to lobby Congress. Sommer...
...money is there--or at least is projected to be. And the philosophical differences, although stark, aren't ones that either side holds that dear. Alas, the fighting will probably continue as each side tries to score political points. Complicating matters: the drug plan is linked to other pricey issues, including the G.O.P. yearning to cut the so-called marriage-penalty and estate taxes. (Clinton won't accept the tax cuts without a drug plan.) In Washington, it seems, nothing is ever easy...
With the public cool to the pricey project, sentiment grew to pull the plug on it. But history stepped in. When the Soviet Union collapsed in 1991, U.S. spending on cold war weaponry began to dry up, threatening to push the defense industry into a recession. A way was needed to help keep aerospace contractors busy without relying on the Pentagon, and the space station was just the thing. In 1993, President Clinton ordered NASA to come up with a slimmed-down station that could include Russia as a cost-sharing partner. Even in a Congress raised on pork, such...