Word: uncertainity
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...election day American political journalism typically turns on a dime. Before the election reporters and pundits are obsessed with the minutiae of the campaign: consultants, fund raising, TV spots, sound bites. The premise is that these quotidian details are crucial to a highly uncertain outcome. Immediately after the outcome is known, however, journalists start treating themselves and their customers to grander themes: the voters' message, the sweep of history and so on. The premise is that these larger forces explain what happened...
...what would be the largest foreign buyout of a U.S. company if regulators approve it (an uncertain prospect, given likely resistance from rivals like AT&T), BT agreed Nov. 3 to pay about $21 billion for the 80% of MCI it does not already own. The merged company, to be called Concert, taking the name of a joint venture between the two, would have $42 billion in revenues and match AT&T in market value. The new colossus, boasts MCI chairman Bert Roberts, "will trump the competition as we open up communications markets both domestically and around the world...
...says he "got a lot of calls from Democrats" asking him to run) by building on his tried-and-true labor base and co-opting G.O.P. issues like the balanced budget, line-item veto and term limits. Whether he can get the statewide support he'll need is uncertain; he lost his bids for Governor...
...retaking the House, or the Senate, or both--would allow House Democratic leader Richard Gephardt to pursue his Families First agenda, which calls for expanded health insurance for children, greater pension security and increased aid to education. Whether a re-elected Clinton would support those measures, however, is uncertain. Least likely is the combination of a Dole presidency and a Democrat-led Congress--an outcome that could render Dole's entire agenda, from tax cuts to shrinking government, dead on arrival on Capitol Hill...
...child of privilege" in Warsaw, where her father Jozef owned an investment bank. She and her brother and sister attended private schools, and the family traveled to the great European resorts for bathing in the summer and skiing in the winter. To ensure the family's future in uncertain times, Jozef Sapir regularly deposited his profits in banks in Switzerland, $30,000 to $40,000 at a time. "He trusted them absolutely," she says. "It's funny. He was able to protect his money from the Nazis, but not from the Swiss...