Word: high
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Dates: during 1980-1989
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...company based in Shreveport, La., which invested in banks and thrifts, insurance companies, motels and nursing homes. Beebe and his colleagues at one time or another held control of nearly 40 banks and S & Ls, through which they allegedly made insider "back- scratching" loans to finance one another's high-risk moneymaking schemes. Their tower of debt collapsed in 1986, brought down by the energy bust and tenacious federal investigators. Having pleaded guilty to two counts of fraud in 1988, Beebe, 61, now washes laundry in a federal prison in Texarkana, Texas, where he is serving a sentence...
...interests. "He saw the thrifts as one big gold mine, an endless pit of money," says Joseph Cage, a U.S. Attorney in Louisiana who prosecuted Beebe. Rather than exert his ownership outright, Beebe often held control behind the scenes. One of his tactics was to stake friends like the high-flying financier Don Dixon, who relied on Beebe's backing to acquire Texas-based Vernon Savings & Loan in 1982 and rode the institution to a spectacular collapse...
Ever since a Soviet nuclear-powered satellite broke apart over a remote region of northern Canada in 1978, the use of atomic reactors in space has been highly controversial. Once again the debate over nukes in orbit has heated up. Last April the Soviets lost control of another nuclear satellite, raising fears that it would fall to earth before they managed to boost the reactor into a safer, high-altitude orbit. Then, at a scientific conference in New Mexico last month, the Soviets said they had begun putting a new generation of powerful reactors in space and were even interested...
...debris left from more than 30 years of human activity in space, it could be knocked out of orbit anyway. Says Daniel Hirsch, director of the Stevenson Program on Nuclear Policy at the University of California at Santa Cruz: "The probability of a collision with space debris is unacceptably high...
...ever be easy to hurry by the homeless when it's cold and dark, to avert your eyes when your own wallet is feeling the pinch of attending a high-priced university? How can we walk by, perhaps feeling guilty, but able to forget the incident a few short hours later...