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...Broadcasting, announced Murdoch's bid totaling $1.6 billion for the four-year pact, there was a brief silence, recalls Jerry Jones, owner and general manager of the Dallas Cowboys. Members of the N.F.L.'s negotiating team quickly slipped on their best poker faces, but Jones could not restrain himself. He leaped from his chair and cried, "You guys are players...

Author: /time Magazine | Title: WILL MURDOCH BE OUTFOXED? | 4/17/1995 | See Source »

Right now, however, the clearest loser may be the FCC itself. Any decision-from blanket exoneration to convening a hearing-is likely to draw fire. In its zeal to restrain public comment on the case, the commission in December issued a sweeping gag order-so extensive that it had the perverse effect of stirring more attention and igniting criticism of the FCC's self-conscious handling of the case. In a scathing critique, James Quello, a veteran commissioner, even noted that the fcc's general counsel told commission staffers they could go to an nbc Christmas party...

Author: /time Magazine | Title: WILL MURDOCH BE OUTFOXED? | 4/17/1995 | See Source »

...rationalize the use ofmarijuana on the grounds that they think it is noworse for them than alcohol or tobacco, Shalalasays, "It is harmful to their health, and it isillegal. This represents a risk to their futureand present...The problem is that youth is allabout risk. We ask them to restrain parts when wewant the rest to open and grow...

Author: By Kris J. Thiessen, | Title: Harvard Administrators Join Youth Health Conference | 4/7/1995 | See Source »

That it will head higher eventually he doesn't doubt. Right now, a lot of people are nervous about the high inflation that often follows a currency devaluation. But Templeton reminds us that not all Mexican companies will be hurt if the government fails in its attempt to restrain prices. Even if a company's costs go up, it can in turn raise the price of whatever it's selling and still make its usual profit...

Author: /time Magazine | Title: On the Money: Stick with the Bouncing Bolsa | 1/9/1995 | See Source »

...market suffers from a permanent case of existential fretting. From his temple-like headquarters in Washington, Federal Reserve Chairman Alan Greenspan offered up to traders what they had been counting on: he raised short-term interest rates on Tuesday by the largest amount since 1981. His goal was to restrain the economy and forestall inflation. If traders are convinced that inflation looms, they might dump bonds and thereby drive up the cost of the long-term loans that have financed the business recovery...

Author: /time Magazine | Title: Greenspan's Rates of Wrath | 11/28/1994 | See Source »

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