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...topsy-turvy Mexican market posted the world's fastest run-up during 1987, then began an even sharper tumble in early October of that year. In just 28 days, La Bolsa lost 74% of its value. The "crack," as Mexicans refer to it, wiped out tens of thousands of small investors, many of whom filed criminal complaints accusing their brokers of cheating them. The arrest of Legorreta, who had been considered immune partly because of his role as a fund raiser for Salinas, has proved popular among consumers, if not businessmen. Legorreta has denied any wrongdoing. "I am innocent...

Author: /time Magazine | Title: SECURITIES FRAUD: Crackdown on La Bolsa | 3/6/1989 | See Source »

TRUE BELIEVER. The ambiguities are as unsettling as a crack-house mugger in this humdinger about a sleazy attorney who bends the system to wreak justice. But the real drama is in the demonic intensity and haunted eyes of James Woods, a criminally gifted actor who may be too edgy to become a Hollywood star in this era of the Really Cute...

Author: /time Magazine | Title: Critics' Choice: Mar. 6, 1989 | 3/6/1989 | See Source »

...problem deserves to be seen realistically--as a disease that feeds on all levels of society. To see the influence of crack as a minority or underclass dilemma is a partial and unaceptable view of this problem. The problem, needless to say, touches...

Author: By Joseph C. Tedeschi, | Title: A Time for Action | 2/28/1989 | See Source »

After Officer Byrne's execution, New York began the development of Tactical Narcotics Teams, designed to fight the proliferation of crack and the crime and murder which it breeds...

Author: By Joseph C. Tedeschi, | Title: A Time for Action | 2/28/1989 | See Source »

While it is too early yet to tell the long range effects of these programs, it is an active response that recognizes the immense activity necessary to halt the street level trade, the life-force of the growing crack industry...

Author: By Joseph C. Tedeschi, | Title: A Time for Action | 2/28/1989 | See Source »

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