Word: beare
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Dates: during 1980-1989
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Kohlberg Kravis was formed in 1976, when Jerome Kohlberg, now 61 and the firm's patriarch, and George Roberts, 42, left the Bear, Stearns investment house to start out on their own. Roberts recruited a cousin, Henry Kravis, 42, and later his brother-in-law, Robert MacDonnell, 47. They began arranging buyouts of small companies like A.J. Industries, a manufacturer of brake drums and other components, in which Kohlberg Kravis invested only $1.7 million in 1977 but earned back $66.3 million after it was resold. Today, after more than 20 buyouts, the four partners are worth an estimated $150 million...
...week. Some faithfully travel several hours to the city to take part. Others trek the 10 blocks from their office, which they call, in a motherly way, their "house--the large and impressive second floor of a building located a stone's throw away from the Congress. Its walls bear the eerie reminder of the dirty war: thousands of black and white snap-shots, each with a name and a date, hang in solemn rows behind protective glass; and the shelves of an overflowing glass case sag under the weight of homemade trinkets sent to the mothers as gifts...
Unlike most military-aircraft makers, Continental RPVS is happy to see its planes go down in flames. Since 1981 the Barstow, Calif., company has been building radio-controlled replicas of fighter jets and selling them to U.S. military bases for target practice. Continental's remotely piloted vehicles bear the authentic markings of, say, a Soviet MiG-27 but are only one-fifth or one-seventh its size. As the RPVs fly through flak from antiaircraft guns, onboard electronic devices record the hits and near misses and send the information to a computer on the ground...
...conundrum of sanctions, white South Africans are grimly pursuing their own debate about the future, fully confident that their decisions will be the determining ones. As they see it, the West has become irrational about sanctions and there is little point any longer in trying to bring reason to bear. The issue, says Tertius Myburgh, editor of the Johannesburg Sunday Times, has become "cost-free election politics" in the U.S. and "Margaret Thatcher's problem, not ours" in Britain. Although it generates political heat in Washington and London, the argument is, for white South Africans, no more than the sound...
...streets, riding through the brilliant afternoon in an open landau. As the irrepressible Prince William ran toward the carriage, an unusually fleet- footed Queen hurried to retrieve him. Meanwhile, on their joyride, the couple's unlikely chaperone was a gift from the royal family, a four-foot-tall teddy bear. At the back of their carriage, under a home made replica of a satellite dish, was a message that advised, PHONE HOME...