Word: collared
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Dates: during 1990-1999
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...latest political impasse with Congress presents Bush with a tough election-year dilemma. The President does not want to alienate black voters, about half of whom currently support him in opinion polls. But neither does he want to jeopardize the crucial votes of blue-collar Reagan Democrats who oppose any hint of racial job quotas. Tepid conservative supporters and worried business groups, moreover, say they are against any law that could draw more civil rights claims into court. "This is a turning point, a defining moment in the Bush presidency," says Ralph Neas, executive director of the Leadership Conference...
When junk-bond king Michael Milken copped a plea last April, he disappointed everyone who had been hoping to see the white-collar trial of the decade. Now Milken is having his day in court, but it will be a quick one. In an unusual proceeding that began last week, federal Judge Kimba Wood will hear evidence about some of the 92 charges Milken did not admit when he pleaded guilty to six felony counts of securities fraud and other crimes. Prosecutors hope to offset the efforts of Milken's lawyers to cite his philanthropic activities as grounds...
Even after years of belt tightening that was supposed to make companies more competitive, many firms are still cutting deeply into their white-collar work forces. The firings have thrown secretaries and managers alike into an increasingly hostile job market. "I was in shock," says a former top executive of a Midwestern men's clothing retailer who was laid off in August. The dismissal left the middle-aged breadwinner with six months' severance pay and three college-age children. "Right now, companies are paring down just to survive," he says. "But the fact that ((the economy)) hits home and strikes...
...WHAT do you mean I can only take this book out for two weeks?!" A rabid, stressed graduate student says as he reaches across the circulation desk and grabs me by my shirt collar. He stares at me with blood-shot eyes and yells, "I need it for my dissertation...
...fines and $400 million in restitution. Scores of Milken's friends -- and a smattering of his foes -- have deluged New York Federal District Court Judge Kimba Wood with more than 200 letters that aim to sway her decision about his prison term. While such lobbying is common in white-collar proceedings, Milken's case has attracted letters from a dazzling potpourri of the rich and famous...