Word: less
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Dates: during 2000-2000
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...just how does it work? Well, let's start with a simple notion: news matters. When Alan Greenspan raises interest rates, as he has been doing for nearly a year, interest-paying investments like bonds and even scorned bank CDs siphon dollars from the stock market--and stocks become less attractive. When the government wins big in a court case that could bust up one of the most valuable companies in the most valuable industry in the world, as happened in the Microsoft trial last week, it breeds uncertainty--and stocks become less attractive. When the market's most credible...
...about to crash down. Having found Microsoft guilty, Judge Jackson says he will move quickly--probably in the next three months--to impose remedies to rein it in. Some hawks in the Justice Department are expected to demand a "structural" remedy--breaking the company up into smaller and less dangerous pieces. Microsoft is likely to ask for "conduct" remedies--limits on its future behavior...
Despite all of the breakup talk, the end result of the litigation may well be less extreme. Microsoft's lawyers are working hard to get Judge Jackson's decision reversed--and they'll fight fiercely against any structural remedies. Courts are usually reluctant to break up a company, and the D.C. Circuit Court of Appeals and the U.S. Supreme Court, which would hear Microsoft's appeal, will be no exception. "I don't think Judge Jackson's opinion will emerge unscathed," says George Washington University law professor William Kovacic. "And if it's diminished in significant ways, the foundations...
...book, JonBenet: Inside the Ramsey Murder Investigation, St. Martin's Press, written with Don Davis, a former wire-service reporter. Thomas and Davis recount the tortuous wanderings of police in their search for the child's killer--an exercise that in this book appears to be less an open-ended investigation than an effort to confirm early suspicions that the Ramseys were involved...
...opioids, such as Dilaudid or Percocet. They're in the most effective class of pain relievers around. Some doctors have been reluctant to recommend them for fear of contributing to addictions, and, as a survey of minority neighborhoods in New York City showed last week, inner-city pharmacies are less likely to carry them than are pharmacies in white areas. But the fears of doctors and druggists may be exaggerated. A study published in the Journal of the American Medical Association last week indicates that despite their increasing medical use, the abuse rate...