Word: gots
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Dates: during 1980-1989
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...dismissal, however, did serve to rid Krenz of Premier Willi Stoph, a Honecker loyalist. The dissolution of the 21-member Politburo, and its replacement with a slimmer ten-member body, was far more pointed, since that is where the real power lies. Some of its more notorious hard-liners got the ax, including Stoph; Erich Mielke, head of the despised state security apparatus; and Kurt Hager, chief party ideologist. Hans Modrow, 61, the Dresden party leader, was named to the Politburo and will be Premier in the new government. He has been likened alternately to Gorbachev and Boris Yeltsin...
...never got together and said we were going to be good role models," says Donnie. "When we say no to drugs, it's from seeing people around us using them." The Kids all hail from Dorchester, a blue-collar section of Boston where the street action can run pretty heavy. Maurice Starr, 35, the drummer and producing whiz who put the Kids together in 1985, comes from neighboring Roxbury, where the streets are definitively mean. He has produced all the Kids' records, writes much of their material and commands the instrument work ("All instruments played or programmed by Maurice Starr...
...family) for a five-month tour. Starr will show up only occasionally, so the fans, Donnie thinks, will finally learn that "Danny is a great songwriter, Jordan is a great keyboardist, that I am a drummer and singer and dancer." Four years ago, Jordan auditioned for Starr and got told, "Get ready to be great. You are going to be the biggest thing in the world." Replied Jordan: "All I want is a scooter." He got his wish, and then some. Just now, the New Kids on the Block are hell on wheels...
...were part of a hedging strategy under which you buy and sell related securities at the same time. You lose on one and gain on the other, but if you've done the math right, you'll usually lose a little less than you gain. Yippee! But you've got to keep your transaction costs low and, of course, not get caught with a taxable gain on one half of the hedge without realizing your loss on the other half. It was to avoid that hitch, basically, that Princeton/Newport entered into understandings with Drexel Burnham Lambert and other firms...
...Government argued that Regan and Princeton/Newport did violate the tax law, but -- worse -- tried to disguise what they did by breaking up their repurchases into odd amounts at varying prices. What perhaps got Regan into the hottest water, though -- and it's kind of scary the Government might work this way -- is that he refused to provide damning evidence against Drexel and others: "Cooperate and we'll go easy on you. Stonewall us and we'll kill you." We've seen it on TV a thousand times...