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...rivals in the race to build the information highway. ''We discovered that there was no debate,'' Smith says. ''We really saw the future in the same way. And we both came to the conclusion about a year ago that we needed strategic partners.'' Malone and Smith opened serious merger talks last summer after Smith decided that TCI would make an ideal match for his company. ''We kept it to a small number of people,'' Smith says, ''although we kept Salomon Brothers as a backup. We did all the negotiations ourselves. No outsiders.'' Maintaining the secret became easier once the Paramount...
...shield against enemy missiles has given the Soviets a fresh incentive to develop new offensive weapons that would burst the remaining bonds of the arms-control process, which has been in stalemate. Yet it has also given the Soviets an incentive to return to the bargaining table and offer serious proposals in the hope of tightening the bonds of arms control around SDI itself. If there is a summit in November or December, Reagan the Star Warrior might be able to extract from Mikhail Gorbachev an agreement-in-principle for a trade-off between existing Soviet offensive forces...
...very purposeful--research program in strategic defense for two reasons: as insurance against breakthroughs that the Soviets might come up with in their program and as a hedge against the remote possibility that someone, someday, really does discover a defensive technology that diminishes the advantage of offense. A serious, sustained research program is not a bargaining chip and should not be used as one. However, a research program that is driven by good science rather than high-pressure politics would not hold out false hopes for large-scale population defense; and yet it still could pave...
...foreign credit at the Finance Ministry. ''But bankers balk at setting a precedent.'' Many of those balkers come from Mexico's potential backers to the north. Former U.S. Ambassador John Gavin reportedly urged American bankers to withhold loans from Mexico until the country began to show signs of serious / economic reform. The Administration firmly maintains that Mexico cannot simply make domestic cuts, as it did during its debt crisis in 1982, but must swallow its pride and open itself up to more free trade and foreign investment. Said Senator Phil Gramm, chairman of the U.S.-Mexico Inter-Parliamentary Committee, last...
...last Jan. 28, killing its seven passengers? ''Failure of the pressure seal in the aft-field joint of the right solid-rocket motor.'' Why was the shuttle allowed to fly if unsafe? ''Neither Thiokol nor NASA responded adequately to internal warnings about the faulty seal design . . . There was a serious flaw in the decision-making process.'' The commission appointed to investigate the Challenger accident interviewed more than 160 people, held hearings that generated 2,800 pages of transcripts, then summarized it all in an orderly 256-page report that met the deadline set by Ronald Reagan. Led skillfully by former...