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...already owns a hefty share of the all content under the sun - could be daunting to any regulator worried about the possibility of monopolistic pricing in a deregulated industry. And the way the Bush trustbusters haven?t quite let go of the Microsoft case is not a good sign (unless it?s a sign of the power of AOL?s lobbyists...
...security chief Javier Solana arrived in Skopje Thursday in a bid to restart political talks, facing a government increasingly hostile to what it perceives as Western bias towards the insurgents. Indeed, the Macedonian government had made clear that it had no interest in further discussion with Western mediators unless rebel forces retreated to positions they held when the last cease-fire was signed on July 5. The guerrillas have done so, under the weight of Western pressure, but there's no reason to believe they won't simply press forward again a week or a month from...
...today as in 1998. And with China's eventual entry into the World Trade Organization, domestic moviemakers will face an onslaught of Hollywood blockbusters. Although Feng's Be There, Be Square scored $5 million at the box office, that's paltry compared to the $40 million Titanic raked in. "Unless we develop directors like Feng Xiaogang, our industry is in trouble," says Wang Zhonglei, Big Shot's executive producer. "We have to recognize what our audiences want and how to break into the international market...
...What's got everybody stirred up? A commission George W. Bush formed to retool Social Security has issued a preliminary report warning that the system is badly "broken" and headed for a train wreck in the future unless part of it is privatized. The panel's members, whom W hand-picked because they all like the idea of privatization in the first place, will be reviewing the draft report this week. Anything this commission does becomes politically explosive because politicians not only can't agree on how to fix Social Security, they're still arguing over what ails...
...commission's co-chairmen, former New York Democratic Sen. Daniel Patrick Moynihan and AOL-Time Warner executive Richard Parsons, painted a dire picture in their draft report. Unless repaired, Social Security will need tax increases or "massive" deficit spending by Congress to keep it afloat, their report warns. By 2020, Social Security's shortfall will equal the combined budgets of Head Start, the Women, Infants and Children nutrition program, the Environmental Protection Agency, plus the Education and Commerce departments. Baby boomers will be shortchanged. Women, minorities and the poor will suffer...