Word: branches
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Dates: during 1980-1989
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...party label but takes place at the center of the American soul. The idealist's "excessive righteousness" combines with the Bomb to make Schlesinger reluctantly "apocalyptic," provoking him to his deepest moments. Nearly 25 years ago, he wrote that "history has always seemed to me primarily an art, a branch of literature." Today his neatly combed hair mussed, his bow tie askew, as it were, he writes with a new passion, as a vigorous elder concerned that the earth survive for future generations. It is an irony that he would be the first to appreciate: when he sounds least like...
...Michael Milken, 40, senior executive vice president of New York City's Drexel Burnham Lambert investment firm. Milken, who works out of branch offices at the tony corner of Beverly Hills' Wilshire Boulevard and Rodeo Drive, is the guru of the so-called junk bond, the high-interest but risky investment vehicle that has provided much of the financing for the stock market's takeover frenzy (see box). At least five other Drexel Burnham employees, including Milken's younger brother Lowell, have also been subpoenaed...
...Merrill Lynch investment house alleged trading irregularities on the part of two of the company's employees in Venezuela, both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International. The brokerage did not know it, but the account was the main conduit used by Levine for making his own insider moves. Merrill Lynch passed on the information about Bank Leu to U.S. authorities in June 1985; it took almost a year before Swiss...
...have been uncovered as early as the end of last August. If that is true, the ten-week hiatus between then and the Nov. 14 revelations would mark a truly substantial period of clandestine cooperation between the speculator, the SEC enforcement unit commanded by Gary Lynch, and the Manhattan branch of the U.S. Attorney's office headed by Rudolph Giuliani. The aggressive Giuliani, who has overseen the criminal side of the investigation since Levine was snared, may eventually become almost as renowned for chasing insider traders as for bringing Mafia bosses to justice...
...they will be, touring 60 cities in four months with an international ensemble of young skaters. Combining the invention of the Broadway musical, the grace of ballet and the speed of steel sliding across a smooth surface, they are zestfully -- and often wittily -- redefining that tired old branch of show business, the ice revue...