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...bond trading floor of Drexel Burnham Lambert at the news coming over the brokerage firm's wire. Jubilation also reigned among most New York Republicans, and quite probably in Mafia hangouts as well. Rudolph Giuliani, famed prosecutor of Wall Street manipulators (Drexel, Ivan Boesky), mobsters (the Colombo family) and corrupt politicians (former Bronx Democratic leader Stanley Friedman), announced that after 5 1/2 years as U.S. Attorney for the Southern District of New York, he would resign at month's end. Gotham Republicans, a tiny band of inveterate losers, delightedly anticipated being able this fall to field a candidate for mayor...

Author: /time Magazine | Title: New York: Giuliani for . . . Well, What? | 1/23/1989 | See Source »

...boldly challenging La Quina, Salinas has perhaps signaled his intention to end the cozy relationship between the P.R.I. and corrupt labor unions. The President may have won the opening skirmish, but the war is not over. "They had to do it if they want to continue the restructuring of Mexico's economy," said a private economist. "They seemed to have planned it very well, but things could still go wrong...

Author: /time Magazine | Title: Mexico Robin Hood or Robbing Hood? | 1/23/1989 | See Source »

...blows kept furiously raining down, and Joseph's smile began to fade. When the board voted that Monday, Giuliani had already turned three close Milken associates into Government witnesses by granting them immunity from prosecution. The knockout power of an indictment under the 1970 Racketeer ! Influenced and Corrupt Organizations Act was also greatly feared. Charges under RICO, developed to prosecute the Mafia and other organized criminals, would allow Giuliani to tie up much of Drexel's $2.3 billion of capital -- including the fortunes of the firm's 1,700 employee stockholders -- throughout a lengthy trial...

Author: /time Magazine | Title: Let's Make a Deal | 1/2/1989 | See Source »

LEST we believe that a post-military era will be safe and relaxing, it should be noted that economic or technological dominance by a foreign power will as surely corrupt our culture and ideals as any invasion. Over the last two decades, we have been a helpless giant in Vietnam, in Lebanon, in Iran, in Nicaragua, in Panama. Our impotence has been manifest all over the world...

Author: By Charles N.W. Keckler, | Title: Blasting Into a New Age | 12/10/1988 | See Source »

...pertinent today as a century ago. Crooked politicos and covert dealing abound. Ko-Ko (Steve Mooradian), sentenced to die for flirting, has managed to get himself promoted to the top of the criminal justice system--Lord High Executioner. All other functions of state fall under the aegis of the corrupt, sneering Pooh-Bah (Kenneth Bamberger). The regal Mikado (Anton Quist) makes certain that the "punishment fit the crime"--that ludicrous laws decapitate luckless lovers. Fortunately, palmgreasing and artful seduction prevent anyone from getting hurt...

Author: By David L. Greene, | Title: Turning Japanese | 12/9/1988 | See Source »

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