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Donovan vehemently denied any improprieties and testified: "We were never extorted." By an 80-to-17 vote, the Senate confirmed his appointment. But nagging questions about the company he kept have continued to haunt Donovan. In May a federal grand jury in Brooklyn charged that Schiavone Construction was extorted by Harry Gross, a New York Teamsters Union official. According to the indictment, Gross forced Schiavone to place his chauffeur on the company payroll as a "ghost" who never showed up for work. Donovan claimed at his hearings that the arrangement was part of a collective bargaining agreement with the Teamsters...

Author: /time Magazine | Title: Bad Company? | 6/8/1981 | See Source »

...University, then it is clear that substantial additions to the endowment must be made each year from gifts and from funds generated internally." But at the same time, Cabot warns that trying to produce enough income to ease the burden on students now would come back to haunt the University in the future. "The more you ask of an investment to produce today," he explains, "the less growth you can get out of it later." So, for example, even though a bond with a five-year maturity that pays 16 per cent may look extremely tempting, a stock paying only...

Author: By Burton F. Jablin, | Title: A Prudent Investor | 6/4/1981 | See Source »

...think that with the realignment many of 'he problems will be resolved," Marciano says, a statement that only the residents from the Class of 1985 will be able to judge. By fall, the Candady horror story machine will haunt unsuspecting freshmen. It remains to be seen how many new tales will arise from experiences with mice, cracked floors, weak walls and seeping rain water...

Author: NO WRITER ATTRIBUTED | Title: Modern Decay | 6/4/1981 | See Source »

...President's popularity and the possibility that some conservative Democrats might break party ranks. He and Majority Leader Jim Wright of Texas felt there was little to be gained by a bitter congressional struggle over Kemp-Roth and that even a victory might come back to haunt them in 1982, when voters decide how to assess credit and blame for the economic situation. The stakes were high, and each side knew that a short-term victory could turn out to be a defeat in the long...

Author: /time Magazine | Title: A Less Than Perfect 10-10-10 | 6/1/1981 | See Source »

...joke is an epitaph on an emotion." The post-funny comics go a step further by taking the ironist's step back. By making fun of the obsequiousness and desperation found in the lower circles of show-business purgatory, they are chiseling epitaphs on epitaphs. They haunt cemeteries of frayed hopes and failed jokes; they rob graves of moldering bits of business; they read the requiem for popular entertainment. They are the children of television, the nephews and nieces of Vegas, the grandchildren of baggy-pants burlesquers-and they have turned on their elders with the fury...

Author: /time Magazine | Title: Show Business: Comedy's Post-Funny School | 5/25/1981 | See Source »

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