Big Sports, Big Names, Big Money
Date: 07 January 1992
By Stuart Elliott
Stuart Elliott
DECADES ago, the sportswriter Grantland Rice declared that it was is not whether you win or lose, but how you play the game. Today, it seems, it is not whether you play the game, but whether you sponsor one. Eight executives from consumer-marketing giants and advertising agencies have been named to the annual list of the 100 most powerful people in sports, as compiled by The Sporting News, the weekly newspaper. They outnumbered the players by 4 to 1; the two active athletes on the list -- both, by no coincidence, busy product endorsers -- were the basketball superstar Michael Jordan of the Chicago Bulls and the golfer Jack Nicklaus.
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Overkill
Date: 08 January 1992
By Garry Trudeau
Garry Trudeau
Readers of The New York Times's sixth, seventh, eighth and ninth personal attacks on Oliver Stone this week could be forgiven for wondering if the beleaguered director of "J.F.K." has a point. Significant elements of the Establishment Media do seem hellbent on destroying his reputation.
Conspiracy or consensus? You don't have to be paranoid to re-create the key events of the last eight months -- but it helps. From the top:
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British Aerospace
Date: 08 January 1992
By Bloomberg News
Bloomberg News
British Aerospace P.L.C. said it had received a $425 million contract from the Orion Satellite Corporation, a United States-based unit of Orion Network Systems Inc., for two communications satellites. The satellites will be delivered in orbit, and the first is scheduled to be launched in the summer of 1994, British Aerospace said. The contract represents the first commercial sale by a European company of communications satellites to an American company.
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Judge Postpones Sterling Hearing
Date: 07 January 1992
By Bloomberg News
Bloomberg News
United States Bankruptcy Judge James Garrity postponed until next week hearings on interim financing for the Sterling Optical Corporation after attorneys for the organization said there was no emergency financing need.
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Fund Venture Begun in Chicago
Date: 07 January 1992
By Bloomberg News
Bloomberg News
The First Chicago Corporation said today that executives from its venture capital unit would leave the company in September to form a new company.
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British Steel Plans To Lay Off 219
Date: 08 January 1992
By Bloomberg News
Bloomberg News
British Steel P.L.C. plans to cut 219 jobs over the next year at its coated products plant in Britain, a spokesman said in response to news reports. The cuts are part of a continuing program to reduce costs in all areas of the company, the spokesman said. British Steel said on Nov. 11, when it announced its earnings for the first half of its fiscal year, that it had cut 4,500 British jobs in the period. The company employed 47,100 people in Britain at the half-year mark, which was on Sept. 30.
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Wellcome Deal Passed
Date: 08 January 1992
By Bloomberg News
Bloomberg News
The proposed sale by Wellcome P.L.C. of its environmental health division to Roussel Uclaf will not be referred to the Monopolies and Mergers Commission, the Department of Trade and Industry said in a statement today. On Nov. 5, Wellcome said it was in talks with Roussel over the proposed sale of the division. Since then, no further details have been released.
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Alias Buys Software
Date: 07 January 1992
By Bloomberg News
Bloomberg News
Alias Research Inc. said today that it had completed its acquisition of the Sonata line of design software from T2 Solutions Ltd. Sonata is three-dimensional software for architects and builders that runs on Silicon Graphics Inc. work stations. Alias, which is based in Toronto, paid $5.5 million in cash and common stock.
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Illegal Sales of Cascade Stock
Date: 08 January 1992
By Bloomberg News
Bloomberg News
Cascade International, a bankrupt retailer, said its former chairman, Victor Incendy, who vanished in mid-November, had sold large amounts of stock illegally to bolster reported revenues. It also said that substantial "preferential payments" were made to unnamed people or companies before Cascade's bankruptcy filing last month. The company is seeking to recover the payments.
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NEWS SUMMARY
Date: 07 January 1992
International A2-9 U.N. VOTE CONDEMNS ISRAEL With American support, the United Nations Security Council unanimously condemned Israel's decision to deport 12 Palestinians from the West Bank and Gaza Strip. A1 ISRAELIS IN WASHINGTON FOR TALKS An Israeli delegation arrived in Washington to resume Middle East peace talks, but Syrian, Lebanese, Jordanian and Palestinian negotiators stayed away in protest. A9 Cardinal O'Connor said the Vatican had reconsidered on Jerusalem. A9 GEORGIAN PRESIDENT FLEES The President of the former Soviet republic of Georgia slipped away from the capital as rebel forces stormed the government building where he and members of his family had been holed up. A1 Russia reluctantly accepted an aid shipment of beef from Britain. A6 U.S. AND JAPAN AT ODDS OVER TRADE As President Bush visits Japan, negotiators for the United States and Japan are at odds over an American demand for higher Japanese targets for buying American automobiles and parts. A1 President Bush's trade talks in Japan are politically freighted. A8 The Treasury Secretary will accompany the President in Tokyo. A8 SEOUL WAR GAMES CANCELED South Korea announced it would cancel it's annual military exercises with the United States after North Korea indicated that it would allow inspections of its nuclear sites. A8 GERMAN ASSERTIVENESS PONDERED United States policy makers say they have become disturbed during the last six months by what they regard as Germany's new willingness to flex its muscles in international relations. A2 A Senate panel on Vietnam War missing is to go to Indochina. A5 Surprising records of the 1962 Cuban missile crisis were released. A5 After plea, Imelda Marcos tosses her shoe in the presidential ring. A8 Algeria's fundamentalist Muslims say Islamic rule is imminent. A3 There is a crisis affecting black education in South Africa. A3 Blacks are boycotting white businesses in a South African town. A3 Fort St. John Journal: A Canada-Alaska road will be celebrated. A4 National A10-13 FOR BUSH, A LESSON FROM BRITAIN Measures that President Bush has prescribed to improve education in the United States are now the law in Britain, but the results there so far serve as a warning to him that success is far from guaranteed. A1 CHANGE IN BOSTON SCHOOLS In Boston, where public schools have long had financial and racial troubles, a school board appointed by the Mayor formally replaced the elected board. A12 A NEW WAY OF WORKING If planners have their way, long drives to work and worsening traffic will be a thing of the past thanks to development of regional work centers where employees can do their jobs by computer, telephone and fax machines. A10 THE POST-COLD WAR PENTAGON Responding to the death of the Soviet Union, the head of the House Armed Services Committee outlined a broad framework for restructuring the Pentagon. A13 MILITARY CUTBACK IS PROPOSED Senator Gramm, a Texas conservative, proposed a cut in military spending and an increase in the personal income tax deduction. A13 NEW WOMAN IN CABINET? Carol Boyd Hallett, a woman with strong political credentials who Administration officials say would be an asset to President Bush in an election year, is the leading candidate to become Transportation Secretary. A10 FIFTH BOMBING IN INDIANA A bomb that shattered windows in an apartment complex was the fifth detonated in two weeks in the Hammond, Ind., area. A10 A power failure darkens part of Washington. A13 Metropolitan Digest, B1 NEW YORK CREDIT DOWNGRADED Moody's Investors Service downgraded the rating on most of New York State's debt, citing Albany's inability to solve the state's budget problems. The downgrading could mean that the state will have to pay higher interest rates to borrow money. A1 PCB'S CLOSE SUNY CAMPUS Officials of the State University of New York at New Paltz have delayed the spring semester by two weeks because an explosion in an electrical transformer has left at least five buildings contaminated with PCB's, which are known to cause cancer in animals. Twenty-two people were exposed to polychlorinated biphenyl particles. A1 Neediest Cases B3 Business Digest D1 Science Times C1-10 BREAST IMPLANT HALT The Food and Drug Administration urged doctors to stop using silicone-filled breast implants until a full study of whether they are safe can be completed. A1 What are dreams made of? A chemical mechanism is suggested. C1 Major effort is mounted to measure impact of the ozone hole. C1 A machine to capture plagiarists raises hopes and doubts. C1 Running may not be a man's world a few years down the pike. C3 Arts/Entertainment C11-22 Dizzy Gillespie in New York for a month for his jubilee. C11 Top price of $50 announced for two Broadway plays. C11 A festival for mid-career choreographers. C11 Word and Image: A new Michael Frayn novel. C15 Fashion Page B9 Four newcomers' best sellers. Obituaries B7-8 Dr. Robert Gordis, author and rabbi. B8 Pedro Manuel Valls, interior designer. B8 Sports B10-15 Baseball: 'More things coming,' say Yanks. B11 Steinbrenner's role discussed. B11 Basketball: Nets defeat Clippers. B12 New Knicks breaking old habits. B12 Column: Anderson on Tartabull. B11 On Pro Football. B14 Football: Lions will do their talking on the field. B14 Hockey: Rangers recapture share of first. B11 Editorials/Op-Ed A14-15 Editorials A14 Tax credit? Health discredit? The perils of "lustration." North Korea opens up. Mr. Gingrich's prison math. Letters A14 Russell Baker: Boat and Bridge People. A15 A. M. Rosenthal: Presenting Hypocrisy Inc. A15 James Bovard: Don't brake for Detroit. A15 Whitney North Seymour Jr.: Cheaper, faster civil justice. A15 Aram Bakshian Jr.: America first, Buchanan last. A15
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