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Dates: during 1990-1999
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Davis didn't invent the JV, but he was one of the first to show how lucrative it can be. Arista's 1989 investment in hip-hop-heavy Bad Boy Records, run by Puff Daddy, and its 1994 investment in R.-and-B. powerhouse LaFace Records, run by L.A. Reid and the producer Babyface, were mere chicken feed: about $3 million apiece. Last year LaFace chalked up sales of more than $75 million and Bad Boy of about $35 million. "Rather than buy companies and pay multiples," says Davis, "we started from scratch and made a relatively modest investment...

Author: /time Magazine | Title: Puff Granddaddy | 10/11/1999 | See Source »

JESUS DIDN'T SHOW...

Author: /time Magazine | Title: In Death's Throat | 10/11/1999 | See Source »

...under such conditions, to see the familiar images of near-death experience--the tunnel of white light with Jesus beckoning at the end, as featured in the memoirs of a score of American K Mart mystics. Jesus must have been busy when my turn came: he didn't show. There was, as far as I could tell, absolutely nothing divine on the other side...

Author: /time Magazine | Title: In Death's Throat | 10/11/1999 | See Source »

...Japan, a weak dollar and a powerful yen are a decidedly mixed blessing. Yen strength amounts to a vote of confidence in the Japanese economy, which, after a decade-long slump, is at last beginning to show signs of life. The renewed activity has sucked in U.S. and other foreign money for 33 of the past 35 weeks, driving up the Nikkei stock market average some 25% so far this year. The problem is that Japanese corporate profits are also heavily dependent on exports, which can rapidly become too expensive for foreign consumers as the yen appreciates. Indeed, big exporters...

Author: /time Magazine | Title: Worried About the Dollar | 10/11/1999 | See Source »

...tragic lesson if I am burned at the stake for who I really am." Now teachers are pitted against administrators, and children against parents. Some colleagues pooled to buy Rivers a $50 gift certificate from a dress shop, but others are "tired of the Dana Rivers Show," says art teacher Marc Allaman. Still, Allaman defends Rivers' "First Amendment right to answer questions from students honestly." At one school-board meeting, Nancy Mackarness, an evangelical Christian, complained it was inappropriate for Rivers to have discussed her sex change with Mackarness' 16-year-old daughter Lindsey in a private conversation at school...

Author: /time Magazine | Title: He? She? Whatever! | 10/11/1999 | See Source »

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