Word: rumorings
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When news stories in October suggested ties between George Bush's office and the supply line to the contras, the Vice President denied any involvement. Still, a few of his campaign advisers considered the rumor a political plus. A suggestion that the Vice President stands tall behind the "freedom fighters," they reasoned, might improve his standing with Republican hawks who doubt Bush's grit. An aide recalled this judgment with a rueful chuckle last week as Bush labored to free himself from one of Iranscam's many tentacles. With his presidential prospects damaged by the broader scandal, Bush...
...grilled all the more intensively by congressional investigators. As he headed home last week, Hasenfus sounded weary: "I'm just going to settle down and be a father for a while." It may be a very long time until Sam Hall sees his own three children. The rumor mill in Managua suggests that, with some hard-line Sandinistas piqued by Hasenfus' early release, Hall will have a far harder time securing a pardon...
...Minnesota- based Corporate Raider Irwin Jacobs offered to pay about $4 billion to acquire Borg-Warner, a diversified company best known for its automotive products. The stocks of these targeted firms actually fell or remained steady just before the takeover announcements, suggesting that Wall Street's insider rumor mill may have shut down for the time being...
...form what he calls an "unholy alliance." In a typical maneuver, they might have a mutual commitment to buy up stock in a company, limiting their blocks to less than 5% to avoid the SEC's required disclosure rule. Then one member of the ring can leak the rumor of an impending takeover. When legitimate arbitragers leap into the fray, the group can unload at an inflated stock price and make off with enormous profits. Says Bergstein: "Both the raider and the arbitrager have an incentive to tell the other side what they are doing...
South Korea, which has been plagued by student protests over President Chun Doo Hwan's resistance to proposed democratic reforms, responded to the rumor campaign by placing the national police force on Grade A alert. The heightened security was ostensibly a precaution against a sudden attack by an unknown new regime in the north. Some observers suspect, however, that the government in Seoul was actually mounting a show of strength to rally domestic political sentiment. Moreover, South Korea's Defense Department could not produce any recordings of the loudspeaker announcements, which apparently had not been made in areas...