Word: bernard
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...celebrating too soon a global unity that only covers much deeper divisions. Much of the world is linked, more than ever before, by common surfaces: people on every continent may be watching Michael Jordan advertising Nike shoes on CNN. But beneath the surface, inevitably, traditional differences remain. George Bernard Shaw declared generations ago that England and America were two countries divided by a common language. Now the world often resembles 200 countries divided by a common frame of cultural reference. The number of countries on the planet, in the 20th century, has more than tripled...
Rootin', tootin', acquisition-mad MCI Worldcom chief Bernard Ebbers may have finally met his match: the antitrust boys at the Justice Department. Ebbers' proposed $130 billion hookup with Sprint - the latest in a spectacular string of acquisitions by the southern-fried CEO - would be one of the largest corporate mergers ever, a joining of the No. 2 and No. 3 long-distance carriers that posed a serious threat to leader AT&T. But now Justice staffers have formally recommended to head trustbuster Joel Klein that the merger be blocked, on the grounds that a company with one third...
...Tuesday, the latest attempt to hamstring the swaggering U.S. economy just enough to keep inflation at bay. Businesses, especially capital-intensive ones like the dot-coms, have no love of more expensive money. But Father Greenback has sold the markets on his firm hand, says TIME senior economics reporter Bernard Baumohl, and a full half-point hike was the only way for Greenspan to reward that confidence now. "The markets were worried for a moment that the Fed was behind the curve, but Greenspan realizes that in spite of all the tapping of brakes with the five quarter-point hikes...
Attempts to tackle the food-stamp issue have backfired. Last month Bernard Rostker, the Pentagon's new personnel chief, ignited a firestorm when he proposed cutting in half the number of soldiers on food stamps by counting their on-base housing as income. The proposal, not surprisingly, turned out to be a p.r. disaster. The Pentagon would have been cutting its food-stamp rolls not by boosting benefits but by a bookkeeping trick. Defense Secretary William Cohen ordered the scheme scrapped. Instead, Cohen is taking the opposite tack. He wants to stop counting the off-base housing allowance no longer...
Surrounded by hundreds of decanters of Dior's latest fragrance, J'adore, Bernard Arnault, 50, swivels in an ergonomic chair at the head of a metallic gray conference table on the 16th floor of midtown Manhattan's new LVMH tower. Forget Calvin, Ralph and even Giorgio or Miuccia--this narrow-faced, thin-lipped, dimpled Frenchman is the most powerful person in fashion today...