Word: greenwald
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...Yale Brozen, author of the 1982 book Concentration, Mergers and Public Policy, "that doesn't mean there will be a decrease in the number of companies." Adds the University of Chicago economist: "If there weren't any mergers going on, I'd be worried about the economy." --By John Greenwald. Reported by Stephen Koepp/Los Angeles and Frederick Ungeheuer/New York
...people would own a house without it. It is a very important tool of modern finance." At a time when corporate raiders are on the rampage and Wall Street has become obsessed with short-term gains rather than long-term strategy, buyouts are often just good business. --By John Greenwald. Reported by Raji Samghabadi/New York and Elizabeth Taylor/Chicago BIG PRICE TAGS...
...billion and then decline to $177.4 billion the following year. Continued economic weakness, though, could make those projections wildly optimistic. John Langum, president of Business Economics, a Chicago consulting firm, predicts that if the economy goes into recession, the deficit will jump to $400 billion in 1986. --By John Greenwald. Reported by Bernard Baumohl/New York and Christopher Redman/Washington
...consumers have for Coca-Cola." And Mullins' reward? What else? For being the new Coke's most persistent and outspoken critic, the company is giving him the first case of Coca-Cola Classic that comes off the bottling line nearest his residence. The Real Thing, again. --By John Greenwald. Reported by Joseph N. Boyce/New York, Joseph J. Kane and B. Russell Leavitt/Atlanta, with other bureaus
...more than 1 billion television viewers. Live Aid plans to channel its funds into irrigation and other long-term projects. "Our concerts were trying to keep the starving alive," said Bob Geldof, the Irish rock singer who organized the events. "Now let us give them life." --By John Greenwald. Reported by Edward W. Desmond/New York and James Wilde/Addis Ababa