Word: shrewd
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...game business, yesterday's craze is today's closet stuffer. And no company knows that better than Coleco. Its cuddly Cabbage Patch Kids were once every small child's dream, but sales peaked in 1985 and have been falling ever since. In 1986 Coleco made a seemingly shrewd move in buying the company that held the license to the popular Trivial Pursuit game, but soon yuppies began to grow tired of asking one another questions like "Who played the Lone Ranger's faithful Indian companion...
...fact, there is still much to worry about. Dukakis' latest and most important victory to date was a product of shrewd defensive play and some luck, rather than the innovative offense he will need in the fall. Jackson started off with virtually solid backing from New York's blacks and heavy support among Hispanics. To win, he still had to reach a significant bloc of white liberals and union members. Most of all, he had to hope that Gore would peel enough white votes from Dukakis to make the race competitive. Instead, Gore flopped utterly. He became a prisoner...
...both startling and politically shrewd that Dukakis, in over a year of campaigning, is on record as making just two unalterable if-elected commitments. Neither of them loomed large on the agenda of any special- interest group, nor did they spark a passionate reaction from the voters. But they are emblematic of the mind-set that Dukakis would bring to the presidency. During a debate before the New Hampshire primary, Dukakis the righteous reformer vowed that the first bill he would send to Congress would be one limiting the influence of political-action committees. Even more characteristic is the carrot...
...guerrilla warfare, was a tactical masterpiece. Arriving in Washington last week, Israeli Prime Minister Yitzhak Shamir faced heavy pressure from the Reagan Administration to accept a U.S. proposal for peace between Israel and the Palestinians, a plan whose conditions he had publicly reviled at home. Engaging in a shrewd game of stalling and sliding, Shamir, who got his start as a leader in the Jewish underground in pre-1948 Palestine, managed to avoid an open confrontation with his U.S. allies: he neither formally rejected their proposal nor moved an inch closer to it. At the same time he managed...
Enter Macy's. The 130-year-old company, founded by a former Nantucket whaler, stunned Wall Street by joining the fray. Chairman Edward Finkelstein, a shrewd, 40-year veteran with the company, had taken the firm private in a $3.7 billion leveraged buyout in 1986. Loaded with debt after that deal, Macy's seemed incapable of takeovers. Says Pavlos Alexandrakis, a retail analyst for Argus Research: "It's the last company you would expect to be out shopping...