Word: busting
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Dates: during 1980-1989
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...homes. Beebe and his colleagues at one time or another held control of nearly 40 banks and S & Ls, through which they allegedly made insider "back- scratching" loans to finance one another's high-risk moneymaking schemes. Their tower of debt collapsed in 1986, brought down by the energy bust and tenacious federal investigators. Having pleaded guilty to two counts of fraud in 1988, Beebe, 61, now washes laundry in a federal prison in Texarkana, Texas, where he is serving a sentence of one year...
...What we're seeing now is going from a bust to a boom, going from nothing going for us to everything for us," Duehay says, adding that Sullivan's plan does not fit the city...
...case decided by the Supreme Court last week, which stemmed from a 1987 Kansas City cocaine bust, the sentencing chart called for a 15-to-21- month jail term for defendant John Mistretta. The federal district court had given him 18 months, but Mistretta's lawyer argued that the sentencing system violated the Constitution by blurring the separation of powers among the branches of Government. Congress had, for instance, given both legislative and executive functions to a commission within the judicial branch. The commission's recommendations have the force of law unless Congress vetoes them within six months. Justice Harry...
After news of the aborted bust leaked to the press, Barry held a series of self-pitying press conferences, blaming the press and political opponents for his problems. "There are lingering questions I'll never be able to convince a lot of people of," Barry said with a shrug. "They don't understand my complex, I suppose, personality." He added to the confusion by first offering to take a drug test "if it will help matters," then waffling on the offer...
Last summer's well-hyped Museum of Modern Art exhibit devoted to the anxious, determinedly unlikable architecture called deconstructivist was the signal design event of 1988. Not, as its enthusiasts hoped, because it galvanized the profession and fascinated the public, but because it was so anticlimactic, a bust. We have seen architecture's future, and its name is not deconstructivism...