Word: walls
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Dates: during 1990-1999
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...hallmark of Khatami's campaign for change is his very tentative effort to create a less hostile relationship with the American "Great Satan." Last January he called for cultural exchanges aimed at breaking down the "wall of mistrust" between Tehran and Washington. When Secretary of State Madeleine Albright finally delivered a full-blown response to Khatami two weeks ago, calling on Iran to explore further confidence-building steps and draw a road map to "normal relations," it was the most conciliatory tone on Iran to come out of Washington since Khomeini's revolutionaries held 52 Americans hostage for 444 days...
News of the deal rang bells from Wall Street to Main Street to Pennsylvania Avenue. Investors drove up the price of cable- company stocks on the hope that more buyouts would follow. But Wall Street was less than gaga about AT&T, whose stock closed Friday at $56.75, down a whopping $8.625--or 13.1%--since Armstrong unveiled the deal. "Wall Street is missing the point," says Stuart Conrad, the head of telecommunications research for Deutsche Bank Securities. "This is one of the best things that AT&T could have done...
...However Wall Street may have viewed the deal, some regulators saw it as a welcome spur to local competition--even as the Baby Bells howled. William E. Kennard, chairman of the FCC, says the merger looks "eminently thinkable." That hardly heartened US West and Bell Atlantic--which last year gobbled up neighboring NYNEX--which demanded access to long-distance markets should the deal go through. So far, Washington has barred the Bells from offering long-distance service to their own local customers on ground that they have not yet opened their "loops" to such rivals...
...today, some festival participants found it a particular outrage that the quintessential cherry product, pie, had been essentially hijacked by the deep-pocketed, frozen-food mass marketer Sara Lee. When a forerunner of the giant company bought out a local pie plant in 1979, the writing was on the wall for any prospective local competitor. One rival, frustrated by the pie-slice prohibition, tried something especially bold last year. She mashed up her pies, put the fragments in plastic cups and called them cobbler. No trouble from the pie police...
...jolt of schadenfreude. The couple, who wed after dating only three months, had spent the past few years denying rumors of their breakup; they even sued the Star for a June 1997 article that predicted a nasty divorce. As the ripples of this disunion wafted through Hollywood last week, Wall Street received a tremor: Planet Hollywood, the publicly held company partly owned by Willis and Moore, fell 1/16 of a point on the day after the couple's announcement, even though the Dow was up. GO MAGIC...