Word: california
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Dates: during 1980-1989
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...quit." Instead Brown quit her marriage. Among the upper middle class, male rhetoric may sound enlightened, but the bottom line is much the same. In The Second Shift, a study of 50 mostly middle-class, two-career couples published this year, Arlie Hochschild, a sociologist at the University of California, Berkeley, found that wives typically come home from work to another shift: doing 75% of the household tasks. "Men are trying to have it both ways," she charges. "They're trying to have their wives' salaries and still have the traditional roles at home...
...least five people were probably relieved that the normally garrulous financier had kept his mouth shut: the Senators who received a total of $1.3 million in contributions from Keating. The last time he was asked whether the money he gave to California's Alan Cranston, Michigan's Donald Riegle, Ohio's John Glenn and Arizona's Dennis DeConcini and John McCain had persuaded them to intervene with federal regulators on his behalf, Keating baldly declared, "I certainly hope so." Iowa Republican Congressman Jim Leach, one of the few members of the House Banking Committee who does not accept contributions from...
...recover some of the money that Keating and his family are said to have taken out of Lincoln. Several class-action suits charging that Keating siphoned off millions to sham corporations in Switzerland, Panama and the Bahamas have been filed on behalf of 23,000 mainly elderly California bondholders. During the two years that Lincoln stayed open after the five Senators met with San Francisco bank examiners who wanted to shut Lincoln in April 1987, the cost of paying off the S & L's federally insured depositors grew to more than $2 billion. Along the way, Keating sought the help...
Lawrence Taggart. The top thrift regulator in California in 1983 and 1984, Taggart allowed Keating to transfer $800 million in Lincoln's assets to high- risk investments. A month later he resigned from the government to become head of a Keating-controlled enterprise, TCS Financial Inc. Immediately Keating poured nearly $3 million into the business, wiping out the debt of the financially ailing firm. A friend of then FHLBB head Edwin Gray, who became his bitter enemy, Taggart wrote to Don Regan in 1986, calling Gray a "re- regulator" who was having a "very adverse impact on the ability...
Victor R.C. Hernandez is a student at Harvard's Graduate School of Education. He has worked with the San Francisco AIDS Foundation to develop the AIDS education curricula for public high schools in Santa Cruz County, California...