Word: 80s
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Dates: during 1980-1989
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...where supporters of the two interest groups will clash in earnest. "It is an enormous land-use decision," says Fish and Wildlife Spokesman Phil Million. "At stake is the largest remaining U.S. reserve of oil (and) a fragile ecosystem. The issue will be the environmental battle of the late '80s...
...GOVERNMENT CLOSED down opposition newspapers. Citizens were persecuted on religious grounds. Anyone who initiated contacts with members of organizations not approved by the government would be sent to prison. These are not the '30s in Western Europe, these are the '80s. And all of this is happening in Israel...
Beneath all the wrongdoing, panic and disaffection with Wall Street lies a deeper issue. The lanky, impeccably tailored Boesky rode to staggering success and then to disaster on the wave of takeovers that have swamped the stock market in the '80s, dramatically reshaping the way that corporate America does business. Some 2,806 mergers and buyouts worth nearly $130 billion have occurred so far this year, up from 2,755 deals worth about $100 billion during a comparable period of 1985. The feverish activity has created a climate in which corporate raiders can reap quick, huge profits simply by buying...
Boesky's appeal to investigators lies in the central role he has played in so many takeover deals. As practiced in the go-go stock market of the '80s, the corporate- takeover game often resembles a feeding frenzy; even in perfectly legal situations it brings together, in a swift sequence of events, raiders, arbitrage specialists like Boesky, financiers and brokers...
...those operations are completely legal. But the close proximity of a small core of professional takeover specialists, and their towering importance in the market of the '80s, makes the prospects for collusion virtually endless. Since brokers and junk-bond dealers often know about a raider's plans well in advance of the general public, those professionals have the opportunity to tip off other investors or to make their own profits by trading in the target stock...