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...greater profits and power. Milken's lawyers, for their part, accuse the Government of a vindictive campaign based solely on self-serving testimony by Boesky. The potential racketeering charges against Drexel could hit the firm even harder than the civil suit, because federal law -- the Racketeering-Influe nced and Corrupt Organizations Act, or RICO -- would enable prosecutors to freeze a major portion of Drexel's assets...

Author: /time Magazine | Title: A Heap of Woe for the Junkman | 12/5/1988 | See Source »

...nationalist grievances. While accounts of Stalin's crimes have been splashed across the pages of leading Soviet newspapers, the Armenian crisis has virtually been ignored. Pravda has given only vague accounts of the Yerevan demonstrations; when articles have appeared, correspondents have condemned the protests as the work of "corrupt elements" and "extremists." Says Ter-Petrossian: "What we are doing is what Gorbachev says he wants: people participating in government decisions." Adds another Armenian who regularly attends the Theater Square meetings: "He should be proud of us. We've shown that there's still blood in our veins." At the moment...

Author: /time Magazine | Title: Armenia | 11/28/1988 | See Source »

Like many another Filipino politician who was born poor, Marcos regarded bribes and corrupt profits as perks of office; he skimmed millions, for example, from the country's cigarette-tobacco monopoly. But Seagrave estimates that the ex-dictator's fortune may be as much as $100 billion. Whence came that awesome wealth? Seagrave's answer is that Marcos had located and dug up part of a vast horde of stolen bullion known as "Yamashita's Gold...

Author: /time Magazine | Title: Books: Mercenary Monsters From Manila THE MARCOS DYNASTY | 11/14/1988 | See Source »

Victims of hurricanes, drought, debts, superstition and disease, peasants are constantly preyed upon. Those with a bit of land are hesitant to improve it for fear of attracting the attention of covetous gros negs, who often hire corrupt lawyers to steal the land on one pretext or another. The rural police, notaries and Tonton Macoutes also seize property with a flourish of phony documents and a bag of city tricks. Even those who try to help the peasants often end up hurting them. When African swine fever hit the pig population of Haiti several years ago, Haitian authorities, under...

Author: /time Magazine | Title: Haiti In the Land Where Hope Never Grows | 11/7/1988 | See Source »

...sunnier Third World capital, both pregnant with menace. The story lurches, sometimes comically, toward a classic Greene ending, which combines plausible irony with amazing grace. And the Captain is a typical Greene figure: a man of several names and many shadowy occupations and absences. His enemies are, of course, corrupt officialdom and bourgeois smugness. His story is told by Victor, the boy he says he won at backgammon, or maybe chess -- the tale shifts with the passing years. Along with the wraithlike woman who is the Captain's unlikely grand passion, Victor is the chief beneficiary of a shifty, sometimes...

Author: /time Magazine | Title: Bookends: Oct. 31, 1988 | 10/31/1988 | See Source »

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