Word: terme
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Dates: during 1980-1989
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...agreement with Tisch probably makes it safe from a takeover bid like Turner's, which was to be financed largely with borrowed money. But the network could still be vulnerable to a cash-laden suitor. Though Tisch insists that his CBS investment is long term, he likes to sell as well as buy if the price is right. Less than four months ago, he sold the Loews chain of movie theaters, one of the original cornerstones of his company, for about $165 million...
...should ease monetary policy and reduce interest rates. Some political experts think the World Bank offer was a White House ploy to move Volcker aside before the 1986 congressional elections, but the chairman's turndown is a strong indication that he intends to head the Federal Reserve until his term ends...
...counterplay and choose the move that minimizes their opponent's gain. The Cray, scanning 100,000 chess moves per sec., can usually come up with a winner. Hitech lacks the Cray's huge memory and powerful processors, but it makes up for that with speed and clever play. Long-term strategy, for example, is controlled by a program named Oracle, which was created by Hans Berliner, an artificial- intelligence expert and former world correspondence-chess champion...
ENGAGED. Camille Dardanes, 24, grocery clerk; and Gary Dotson, 28, convicted rapist serving a 25-year term who was freed by executive clemency last May after his supposed victim, Cathleen Crowell Webb, recanted her testimony; in Country Club Hills, Ill. The couple met when Dardanes handed Dotson a rose at the start of a clemency hearing. After a wedding next spring, he hopes to support his wife as an apprentice carpenter, but may also benefit from a forthcoming book by Webb; she has agreed to turn over to Dotson her low-five- figure advance and some additional possible profits...
SENTENCED. Sean Penn, 25, actor (The Falcon and the Snowman) and newlywed husband of trash-flash Rock Singer Madonna; to a $100 fine and a suspended 180-day jail term, after he pleaded no contest to charges of assaulting a reporter and a photographer who were stalking the couple last June; in Nashville...