Word: scuttlebutt
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...looks the merger retains more of M, but, as the first issue's cover signals, the sensibility is pure Manhattan, inc. It proclaims POWER BROKERS in letters 1 1/2 in. high and names 11 of them (10 men and Madonna). Inside is an almost nonstop stream of gossip, scuttlebutt and awestruck praise about the rich and famous, including 65 miniprofiles of such figures as financier Michael-David Weil and Hollywood superagent Mike Ovitz. The prose is burnished, but not much of the dish is fresh, save for two first-rate pieces -- one by Ernest Volkman and John Cummings about...
Ivana's holding summit meetings with Liz Smith, Donald's in conference with Cindy Adams, and celebrity scuttlebutt is absolutely trumps with all the media. Is this harmless airhead fun or a fatal distraction from serious news...
...that it was a great deal is a gross understatement. It was unbelievable," says a high-ranking savings and loan executive. So goes the industry's scuttlebutt these days about Robert Bass's takeover in December of the crippled American Savings & Loan of Stockton, Calif. In one of the sweetest deals ever bankrolled with taxpayer money, the intensely private Fort Worth billionaire, 40, stands to benefit hugely from a decade of regulatory laxity. His purchase of American Savings is the pre-eminent episode in a string of controversial bailouts last year in which regulators handed out gilt-edged gratuities...
...Washington people always suspect ulterior motives. The town briefly buzzed with rumors that Baker was maneuvering to get the vice-presidential nomination. Aides to George Bush scoffed at the scuttlebutt. So did Baker. "There isn't even the remotest possibility that such a thing will come about," Baker told TIME. "It's something I don't expect and don't want. I'm doing nothing to promote that...
...soon as the rumors became public, the issue of Cunningham's integrity dominated coffee table chatter and cocktail party scuttlebutt at corporate gatherings everywhere. The press lavished so much attention on speculations about Cunningham's morality that The New York Times--after running the story on its own front page--editorialized, "Never in recent memory has so much been written about so little," The question both the media and the business world seemed to want answered was not whether Cunningham was qualified, but the snickering, "was she or wasn...