Word: westernness
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Dates: during 1990-1999
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...building will stand on what is now a parking lot at the intersection of Soldiers Field Road and Western Avenue...
...wing and reactionary allies were ignored or even encouraged and praised using twisted anti-communist logic. For example, the Reagan administration pretended that the rape, torture and murder of civilians ranging from students to nuns in El Salvador was merely a legitimate attempt to resist Soviet encroachment in the Western hemisphere. These myths were also propagated by the mass media...
...barely more than a product design, MoneyGram has a real business. Last year it earned $18 million on revenue of $137 million. Earnings are down a bit this year, but money transfers are on the rise. It has 16% of the worldwide nonbank consumer-money-transfer market. But Western Union, the granddaddy of the wire business, claims 81% of the market. "Our big concern is Western Union's dominance," says Travis Farr, analyst at IPO research firm Renaissance Capital. But market dominance is only the start of what should concern would-be MoneyGram investors. A lot of savvy folks have...
...least of those is MoneyGram's parent, First Data Corp., a big credit card-processing outfit that is the selling shareholder in the IPO. Last year First Data bought another data grinder, First Financial Management Corp., which just happened to own Western Union. The Federal Trade Commission took one look at the MoneyGram-Western Union union and said, Uh-uh. First Data would have to choose one and sell the other...
...like choosing between an apple and an apple with a worm in it. "If you're going to keep one of the two pieces, why not make it the one that is by far the market leader?" says First Data spokesman Don Sharp. And the point is, If Western Union is so clearly better, why should anyone invest in MoneyGram? Even before the company was rejected by other buyers, some of MoneyGram's biggest agent networks were fleeing. "It was like a piece of merchandise that didn't move, so we dropped it," says Tom Dingledy, spokesman for drug-store...