Word: tycooning
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Today that leap of faith seems inspired. Investment firms Morgan Stanley, Goldman Sachs and others sank $20 million into AMO last July, and Hong Kong tycoon Richard Li paid $27 million for 25% of SilkRoute, whose main asset is 38% of AMO. No matter that neither company has made a profit. Few Net companies do, at least yet. But Cheah, 34, has no intention of selling out. "I'm waiting for a much bigger payday," he says...
...image over the long haul. After Steve Forbes' 30% showing in Iowa, some raised the possibility of Bush's being pinched between Forbes on the right and McCain in the middle. Forbes' bankroll is always a factor, but Bush isn't worried about it--few people think the publishing tycoon can repeat his Iowa performance in New Hampshire--and Bush isn't fretting about McCain either, because he's sure time is on his side...
...Internet. Conservative firebrand Alan Keyes beckoned followers from an audio Web banner. "You want conscience back in America? Put principle back in our lives," he blared from the computer speakers of targeted Iowa and New Hampshire Net surfers. On the campaign bus in Des Moines, an aide for publishing tycoon Steve Forbes beamed a Web-page update from a wireless keyboard the size of an Altoids box. And last week journalists couldn't answer the e-mail chimes fast enough as one campaign and then another fired missives attacking opponents...
...negative campaigner clearly stymied Steve Forbes. He waited to unleash his trademark you're-not-a-real-conservative ads against Bush. When Bush fought back, it was in muted tones; he referred to the bilious ads Forbes ran against Bob Dole in 1996, but did not challenge the tycoon directly...
...Hampshire, where McCain has campaigned almost nonstop for months. (To lower expectations, Bush aides are predicting that they might lose New Hampshire, even as they work flat out to win it.) In Iowa, where McCain is not participating, Bush has maintained a solid margin over publishing tycoon Steve Forbes in the final week before the Jan. 24 caucuses. And the outlook is even rosier nationally, where a new TIME/CNN poll shows Bush trouncing McCain among Republicans by 45 points...