Word: caving
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Dates: during 1980-1989
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...Giuliani is expected to try to put at least one Drexel employee behind bars. In perhaps its most humiliating cave-in, Drexel agreed to cooperate with the Government investigation of Michael Milken, the financial wizard who created the market for high-yielding junk bonds (total now held: $180 billion) and who remains the ultimate target of Giuliani's probe. Milken, who was not represented in the settlement talks, is expected to be indicted in Manhattan sometime in January...
Editorial Director: Ray Cave...
...startling announcement a cave-in by Arafat to the U.S., as many Americans believe? "I didn't change my mind," said Shultz. "They made their statement clear." Or was it an about-face by the Reagan Administration cleverly engineered by the P.L.O. peace campaign, as the West Europeans, Arabs and Soviets saw it? It mattered little who claimed victory when both sides had in effect converged on the same piece of reality: they need to talk with each other to advance their separate interests...
Editorial Director: Ray Cave...
Editorial Director: Ray Cave...