Word: highes
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Dates: during 1980-1989
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Leveraged buyouts could be in trouble during a downturn for many reasons. Investors in some LBOs may simply have paid too high a price or accepted overly rosy projections about their ability to repay debt. Other buyouts might flounder because investment bankers arranged the deals with more concern for the fat fees they produced than for the soundness of the transactions, according to critics of Wall Street. Some studies in LBO failure...
Doctors and advocates for AIDS victims were elated at the breakthrough. Many hoped that the news would motivate people who are at high risk for infection -- homosexual men and intravenous drug users -- to get tested for the disease and seek counseling...
...high cost of AZT -- $7,000 to $8,000 a year -- will make it difficult for any but the wealthy or the well insured to receive the drug. Some state Medicaid programs pay for AIDS treatment only when the disease is far advanced. People who take AZT to stall the onset of AIDS may not be covered. Burroughs Wellcome Co., which manufactures AZT, is now seeking FDA clearance to use the medication in pre-AIDS patients. If the Federal Government permits the number of consumers to go up, presumably the price will come down...
...Legal Education Center in Johannesburg; and the Institute for Applied Legal Studies at the University of the Witwatersrand. All participate in a thriving exchange of students and professors between the U.S. and South Africa. Says John Dugard, head of the Institute for Applied Legal Studies: "These days, even high-court judges are making study trips to the U.S. Our legal education system is looking more and more to the U.S. experience...
...take offense. Although his parents were immigrants and he visited relatives in Manila and Taipei, this self-described "Chinese-Filipino-American, born-again-Christian kid from suburban Los Angeles" felt "scarcely more connection than the average white" between Asian life and his own. "I read Pearl Buck in high school and didn't see anything wrong. I still like Charlie Chan movies. The whole thing about being of Chinese descent seemed an interesting detail, as if I had red hair. But not everyone saw it that way." So Hwang embarked on Asian studies in an adolescent search for identity...