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...Ford was defeated, Bork briefly considered a Washington law practice but ultimately decided to return to Yale. The move was a financial success, but unsatisfying nonetheless. He published his book, The Antitrust Paradox, ten years in the making, debunking the antitrust notion that bigness was badness in corporate America. Businessmen flocked to his New Haven office, willing to pay $250 an hour for his counsel on antitrust and Justice Department matters. His income soared into six figures, and he quickly paid off a small debt left over from his children's schooling and began to build his net worth...

Author: /time Magazine | Title: A Long and Winding Odyssey | 9/21/1987 | See Source »

...ranks behind Aquino, Arroyo instead spent three hours berating the military, the Roman Catholic Church and the business community for failing to support her during the uprising. He compared Ramos' spokesman Colonel Honesto Isleta with Joseph Goebbels, Hitler's propagandist. Arroyo said that three of the country's leading businessmen, all longtime Aquino boosters, are guilty of treason for plotting to have him fired. He also attacked Vice President Salvador Laurel, who a few days earlier had polled loyal soldiers on their opinion of Colonel Gregorio ("Gringo") Honasan, the leader of the most recent rebellion. The soldiers felt that Honasan...

Author: /time Magazine | Title: The Philippines The Joker Was Not Laughing | 9/21/1987 | See Source »

...Arroyo's congressional outbursts sealed his fate, he provided a dramatic encore in private Malacanang sessions. Palace insiders report that the President witnessed a series of intense backroom shouting matches between Arroyo and Trade and Industry Secretary Jose Concepcion, whose twin brother Raul was among the businessmen the Executive Secretary had accused of treason. As other Cabinet members joined in the melee, a furious Aquino said, "Don't you people have anything else to do except fight and quarrel with each other?" To the officials present she said, "I want all your resignations right now." She then called the emergency...

Author: /time Magazine | Title: The Philippines The Joker Was Not Laughing | 9/21/1987 | See Source »

...Japanese businessmen are throwing the U.S. for a loop in a number of ways. Japan, the world's largest creditor country, where consumers save 17% of their earnings (vs. 4% in the U.S.), has the mightiest bankroll of all to engage in buying America. Bereft of enough investment opportunities at home to absorb their astonishing pile of savings, the Japanese are hungrily looking abroad for places to park the excess cash. Japan's direct investments in U.S. real estate and corporations reached $23.4 billion at the end of 1986, a jump of about 18% from the previous year. Predicts Amir...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...rigid segregation of the Jim Crow South. Jobs -- dirty, low-paying, but regular -- were available in thriving urban industries to anyone with a mind to work and a back strong enough for heavy lifting. Although pernicious, segregation at least compelled a sense of community, with black professionals and businessmen living among those who were far less successful. "These figures served the black community well as visible, concrete symbols of success and moral value, as living examples of the result of hard work, perseverance, decency and propriety," writes Elijah Anderson, a black professor of sociology at the University of Pennsylvania...

Author: /time Magazine | Title: The Ghetto: From Bad to Worse | 8/24/1987 | See Source »

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