Word: cracking
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...level that cannot be justified by companies' prospective profits. By one estimate, the stocks in the Dow Jones average are now selling at 20 times expected earnings this year. That is high, but still below the multiple of 22 in 1962, on the eve of a market crack...
...also a drug abuser; she lived a short life in the fast lane. Betsy had her first child at 16 and a second by a different father at 19. She wore the hippest threads, went to the trendiest places, and consumed drugs as casually as most people eat hamburgers. Crack. Marijuana. Codeine. One afternoon this past April, the youngest of the sisters, Kemya, found her 22-year-old sister sitting fully clothed on the toilet, stone cold. To this day Minnie Wolf insists that Betsy did not die of a drug overdose. She says it was asthma...
...than 200 gangs with some 12,000 members, an increase of about 25% from 1980. There were 187 gang-related homicides in 1986, a 24% increase over 1985. So far, this year looks even worse. Drive-by shootings are more common than smog alerts, and the burgeoning trade in crack cocaine has turned gangs from stray hoods into multimillion-dollar enterprises equipped with Uzis and AK-47 assault rifles...
...glut of coke here in Los Angeles, and the price is down. They can make three times as much money in Phoenix or Denver." Phoenix has suffered seven gang-related murders this year. In Denver the first Crips were detected in 1984; last March police there busted a crack house run by another Los Angeles ghetto gang, the Mafia Bloods...
...happen," he warns. He reckons that about ten of his friends have died violently over the years but still finds the dangers of the streets "exciting." Just another rush in a big man's game of cowboys and Indians. Even the prospect of a lifetime behind bars does not crack the cold composure. "To me, life is not much better on the streets than in jail," he says. "I can live here, no problem." He's not afraid of dying; he's not afraid of jail. Society has nothing to scare Hagan into line...