Word: cracking
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Drexel's outcast employees have company in their misery. The firm's crack-up comes amid a flurry of reversals for the highflyers who symbolized the boom time. Last month Peter Cohen stepped down as chairman of Shearson Lehman Hutton, the firm he had built into a Wall Street giant that ranked second only to Merrill Lynch. Like so much that flourished during the hothouse decade, Shearson simply grew too fast. Beset by falling revenues, failing deals and internal disputes, Cohen was forced out by James Robinson III, the chairman of American Express, Shearson's parent company...
...worst problems of the black underclass today -- young black men murdering other young black men; young black males fathering children of females who are virtually children themselves; young blacks lost to crack and heroin -- all connect directly to black manhood and responsibility...
...victim of a plot by law enforcement to persecute black elected officials. Presumably, the mayor of the nation's capital (not exactly an unemployed ghetto youth, but, absurdly, a role model for unemployed ghetto youths) is not responsible for being in a hotel room with a fashion model, smoking crack. A white conspiracy must have put a pistol to his head and made him do it. Hooks' reaction harmonized with something the late Whitney Young said 23 years ago. Young, then the head of the Urban League, told white leaders, "You've got to give us some victories...
...women were the highlight in the slalom, with Dershowitz carving her way to a career-high second place finish, while Valeria Scott, recovering from a deep thigh bruise suffered last week, to smack her way through the gates to crack...
...flood of China White is being spurred by political chaos and record opium crops in Burma, the main source of raw material for heroin refineries of Southeast Asia's Golden Triangle. "If crack didn't have the attention of the media," says Robert Stutman, head of the Drug Enforcement Administration's New York field office, "heroin would have been on the front pages of every newspaper in America...