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Dates: during 1990-1999
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...against marijuana users. It's despicable to criminalize and imprison thousands for marijuana possession, while the liquor and tobacco lobbies are destroying so many lives with advertising and campaign contributions. I told my kids that marijuana in moderation for medicinal, ceremonial and recreational use is defensible, especially in comparison with alcohol and tobacco. I also warned them that marijuana has never improved anyone's ability to do homework or hit a curve ball. It infuriates me that my kids, like millions of their generation, are defined as criminals by a President who smoked but did not inhale...

Author: /time Magazine | Title: WHAT I WOULD SAY... | 12/9/1996 | See Source »

Oxford CEO Rubenstein insists that Oxford is "vastly different" from its predecessor, Reynolds Kendrick Stratton, "with new management, new personnel and an entirely different business focus. There is simply no comparison between the two firms." One thing hasn't changed, however: the Kott connection. Several major JB Oxford shareholders have been closely associated with Kott or with stocks pushed through Kott-connected boiler rooms. Felix Oeri, a Swiss financier who is Oxford's biggest stockholder, bought a large block of Hariston stock a few years ago after it was recommended to him by Kott. (Oeri says he's lost money...

Author: /time Magazine | Title: THE SECRET LIFE OF JB OXFORD | 12/9/1996 | See Source »

...role in running it. He accused Kott of fraud, tax evasion and various other crimes. The criminal investigation stalled because Kott could not be extradited from Canada. Kott settled the case against him and other operators of the boiler room for about $4 million. This was pocket change in comparison with what First Commerce collected. Prosecutor Koers estimates that investors lost a bare minimum of $100 million. Jan van Apeldoorn, the bankruptcy receiver, believes the total damage was as high as $400 million. Having been made unwelcome in the Netherlands, Kott, together with some of his associates, continued to push...

Author: /time Magazine | Title: THE SECRET LIFE OF JB OXFORD | 12/9/1996 | See Source »

...disclosures to the SEC, Loewen reported that last year, through a combination of price increases and cost cutting, the company managed to generate a gross profit margin from its funeral operations of 41.5%--the kind of spread that executives of the FORTUNE 500 almost never see. (By comparison, SCI's gross profit margin for funerals...

Author: /time Magazine | Title: FIGHT TO THE DEATH | 12/9/1996 | See Source »

Incentives can get a young audience into an opera house, but what will keep it there? American opera director Francesca Zambello, who has worked in innovative houses like Houston, Seattle and Los Angeles, agrees that spectacle has boosted opera's pulling power, but she rejects the TV comparison. "Young people are craving something beyond television sensibility," she says. "We need myth and large-scale emotions--dramas that present magnetic qualities. I think we want something we can't get in our own lives. The three tenors succeed because they are larger than our world...

Author: /time Magazine | Title: OPERA: SUCCESS IN EXCESS | 12/9/1996 | See Source »

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