Word: riche
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Dates: during 1980-1989
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...billion, and annual interest payments amount to more than $600 million. But Murdoch's publishing ventures generate a large enough cash flow -- $1.2 billion last year -- to cover the interest payments. Murdoch was one of the first to recognize that media companies, which are traditionally asset poor but cash rich, have been tremendously undervalued by the market, observes Analyst Tony Pennie of James Capel, a London-based investment firm. Says he: "That's why Murdoch often pays prices that would frighten other people...
...promised a "Burmese Way to Socialism" -- a strange mix of Buddhism, socialism and isolationism -- but instead allowed a potentially robust economy to drift on a joyless ride down a Burmese road to ruin. Once Asia's premier rice exporter and a country rich in oil, grain, gems and timber, Burma slipped into abject impoverishment, thanks to haphazard central planning, mismanagement and an unbending policy of self-sufficiency. While resources were devoted to a four-decade struggle with tribal guerrilla armies around the country, annual per capita income sank from $670 in 1960 to $190 in 1987, according to the World...
...Tabloid Valley is Brian Hogan, a grizzled Aussie with Peter O'Toole eyes and a seemingly infinite ; capacity to imbibe. Once a renowned master of stunt journalism ("The reporter is the catalyst for the story," explains Hogan, straight-faced), he has been reincarnated as the editor of the Get Rich News, the valley's latest contribution to supermarket racks. Hogan's favorite sidesplitter is a simple story titled "X Rays Can Be Dangerous," about an X-ray machine with loose hinges that collapsed on a patient and killed...
...picture derives much of its energy from the surrealistic yet unpretentious play of these styles. But not all of it. The script is rich in ambiguous allusions to the sustaining myths of old-fashioned popular fiction and the folklore of capitalism. It neither blandly accepts them nor blithely satirizes them. Bridges' portrayal of Tucker is in the same key. In the largest sense, he is fully, honestly committed to his dream. But there are lovely little moments when we feel his love of hype and con for their own sake, and sense that whatever the outcome of his enterprise...
...grandparents were poor and powerless, but they were rich in the hope that life in America would be better for their children. "My daddy believed in us helping in the cotton fields, but he didn't want us to be what he was," says the elder Abel. "He wanted something more for us." That wish came true. Abel and Mary Louise provide four sons with the comforts and opportunities of a middle-class upbringing. But they worry about the hurdles their third son must now clear, barriers that seem even higher than when Abel and Xavi were in school...