Word: california
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Dates: during 1990-1999
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When Chirag R. Shah '99 transferred from the California Technical Institute, he ran into problems similar to Bean...
...recent reversal of fortune that has outraged many of the more than 22,000 losers in Keating's junk-bond schemes, all his convictions have been thrown out. Last April, a federal court found that O.J.-judge Lance Ito, who presided at Keating's 1991 California state trial, had bungled the job by issuing faulty instructions to the jury. Then, just last December, came an even bigger shock: a federal judge ruled that Keating's 1993 federal conviction was tainted. And in a separate rebuke, a three-judge federal appeals panel declared that the evidence of his guilt...
...tell that to the thousands of losers in Keating's junk-bond schemes. Ramona Jacobs of Burbank, California, a telephone-company assistant manager who testified in one of the civil-fraud cases, says she lost $11,000 when the junk bonds she was talked into buying at Lincoln Savings turned out to be worthless. (Most of the purchasers have since recovered about 70 cents on the dollar.) The loss, she says, delayed desperately needed medical treatment for her daughter Michelle. "The people at his bank told me it was safe; they said there was nothing to worry about...
...California, courts have begun putting value on the social trappings of a high-end marriage: the A-list party invitations and the good table at Spago. Given what awaits a 53-year-old divorce in Stamford who may be lucky to be invited to a potluck supper with Scrabble, Gary Wendt's decision to spin off Lorna after 31 years should get her half and then some...
...developing brain crackle with purposeful activity. Like teenagers with telephones, cells in one neighborhood of the brain are calling friends in another, and these cells are calling their friends, and they keep calling one another over and over again, "almost," says neurobiologist Carla Shatz of the University of California, Berkeley, "as if they were autodialing...