Word: controllable
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Dates: during 1980-1989
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...skillful management of Washington's vaunted Jewish lobby, even though his most cherished project, the Israeli-built Lavi jet fighter, turned out to be a $1.8 billion failure. From 1983 to 1984 Arens served as Defense Minister, a post that did nothing to lessen his commitment to Israeli control over the occupied territories. In 1986 Prime Minister Yitzak Shamir put Arens in charge of Israeli-Arab affairs. According to Shlomo Avineri, a political scientist at Jerusalem's Hebrew University and Labor supporter, Arens' primary goal "will be to try to dislodge the United States from a dialogue with the P.L.O...
...Drexel's very success led to its comeuppance. As in a Greek tragedy, the company seemed to suffer from an overabundance of hubris that concealed a fatal flaw. In Drexel's case, it was Milken's growing appetite for power and control. The turning point came in November 1986 when Ivan Boesky, a notorious Wall Street speculator, pleaded guilty to a single count of securities fraud and agreed to pay $100 million to settle SEC charges that he had used insider information to buy and sell stock. Boesky, who is serving a three-year term in a minimum-security prison...
Shamir is the clear winner in Israel's battle to control a new and more complicated diplomatic environment. To cement his authority, Shamir refused to repeat the 1984 unity agreement under which each party in turn held the Prime Minister's chair. Reinforcing the government's shift to the right is the appointment of Likud's Moshe Arens, the hawkish former Ambassador to Washington, to replace Labor leader Shimon Peres as Foreign Minister in Shamir's 26-member Cabinet. Peres, under strong pressure from his party to ensure a government bailout of the troubled Histadrut labor federation and the kibbutz...
...TRUMP TAMER Switching from gabbing to grabbing, former talk-show host Merv Griffin outmaneuvered developer Donald Trump for control of Resorts International, the Atlantic City hotel-and-gambling company. The megarich Merv paid $364 million...
...providing abundant supplies of electricity without spewing pollutants into the atmosphere. But the nuclear- power industry has failed to deliver on that promise, at least in the U.S. Even before the accident at Three Mile Island in 1979, the costs of making atomic power safe were spiraling out of control. Since that episode, the industry has been at a standstill...