Word: core
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Dates: during 1980-1989
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...affair has quickly become known as Wall Street's Watergate. That hardly seems an exaggerated description for the drama of financial power and corruption that was exploding on both coasts of the U.S. last week. An enormous scandal was spreading at the core of America's investment community, touching some of the biggest moneymen in the country. A civil and criminal investigation was peeling back layer after layer of evidence in a bid to uncover the full pattern of illegalities that had come to light in the $2.5 trillion U.S. stock market. There was even that ultimate Watergate touch...
...those operations are completely legal. But the close proximity of a small core of professional takeover specialists, and their towering importance in the market of the '80s, makes the prospects for collusion virtually endless. Since brokers and junk-bond dealers often know about a raider's plans well in advance of the general public, those professionals have the opportunity to tip off other investors or to make their own profits by trading in the target stock...
...course, fallback justifications touted for having the concentration at Harvard. Proponents argue that six other Ivy League institutions have Women's Studies programs. But many more institutions have undergraduate programs in business and occupational therapy. Does that mean Harvard should follow suit? How many other schools have a Core Curriculum? Does that mean Harvard should disband its own core...
...children get their concepts about sex. Three-fifths of teenagers pick them up from friends or "on their own," according to a 1985 Planned Parenthood poll, while only a third get their information from parents or school. Pornography is part of the on-their- own category, with the soft-core pages of Penthouse sometimes supplemented by an X-rated videocassette Dad left lying around. The increasingly unfettered use of sex as a come-on in the mass media is a new and unsettling factor, overwhelming the young in stimulation -- soap operas, cable television, blatantly erotic ads for Obsession perfume...
...vote was a victory for Sinn Fein's president, Gerry Adams, 38, who had argued that electoral participation is the "only feasible way out of our isolation." Some 130 hard-core "abstentionists," however, promptly formed a breakaway group. Meanwhile, Prime Minister Garret FitzGerald called the party's attempt to hold public office "an abuse of the democratic system...