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...that ''we wish Barry well,'' Malone called Diller ''the only person on earth who can make Paramount worth what is being bid for it.'' The proposed Bell Atlantic-TCI marriage will face months of scrutiny from armies of Washington regulators, Justice Department attorneys and state and local agencies. The key question: whether the nuptials would violate antitrust standards. While the deliberations will probably last until the middle of next year, the deal came under immediate fire from Howard Metzenbaum, the Ohio Democrat who chairs the antitrust panel of the Senate Judiciary Committee. Metzenbaum vowed to hold hearings and denounced...
...preservation of strategic stability and the quest for arms control. Today the stockpiles of the superpowers are roughly comparable in overall size, and the U.S. has an edge in some weapons (such as cruise missiles and submarine-launched ballistic missiles). But the Soviets have an advantage in a key category: accurate, destructive warheads on ICBMs. They have more than 6,000, compared with some 2,000 for the U.S. Those are the ''silo busters,'' the instruments of a hypothetical first-strike threat against America's 1,000 ICBM launchers. This Soviet preponderance in ICBM warheads contributed to Reagan's disenchantment...
...salary and benefits for an American employee doing equivalent work might be $12 an hour, the Chinese workers earn about $4 a day. Some U.S. firm, have long used foreign data centers to supplement their labor force for one-time tasks. In 1972, Boston-based John Hancock Insurance hired Key Universal, in Connecticut, to computerize more than 10 million documents, some dating back as far as half a century ago. Key Universal subcontracted the job to workers in Grenada, who labored for twelve months to transfer the information to magnetic tapes. Foreign concerns are becoming more aggressive in seeking clients...
...author of The Deindustrialization of America, argues for ''vanishing'' protective tariffs to rebuild the competitiveness of U.S. manufacturing. The tariffs would remain in effect only for a fixed period, perhaps five years, while a struggling industry regrouped. Bluestone also advocates a kind of supportive national planning to identify key industries that deserve help in recovery, in the same way that Washington helped Chrysler. However Bluestone and his allies are merely attempting to shore up an illusion, in the view of many other scholars and industrial experts. They argue that the American industrial base is not only surviving but is successfully...
...profile campaign complete with apocalyptic speeches warning of a Communist takeover of the Americas and a televised appeal to the nation. In the end, the House voted against him. This time around, as Reagan takes another crack at winning approval for his package, he has adopted a more low-key approach, tending to rally support behind closed doors. Yet already the public charges, by both friends and foes of the anti-Sandinista rebels, are beginning to fly. Instead of speechmaking about Marxists marching across the Texas border, CIA Director William Casey told members of Congress last week of U.S. intelligence...