Word: highflyer
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Dates: during 1980-1989
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...Michel Vaujour, 35, perhaps France's most notorious criminal and a four-time escapee from French justice. Convicted of crimes ranging from theft to attempted murder, Vaujour made a spectacular prison getaway last May by clinging to the skid of a helicopter piloted by his wife Nadine. The onetime highflyer, who had 28 years yet to serve, could face up to 20 more years if convicted on bank-robbery charges...
...Gotti was considered a highflyer and was working for the Gambino ^ family underboss, Aniello Dellacroce, a Mafia traditionalist whom Gotti emulated. He endeared himself to the Gambino family when, in 1973, he took part in the killing of a 6-ft. 4-in. Irishman who had supposedly kidnaped and murdered a nephew of Carlo Gambino's. Gotti pleaded guilty to attempted manslaughter and served two years in Green Haven prison...
...year of record deficits. Experts now fear that some weaker airlines may follow the route of Braniff International, which declared bankruptcy last May. Among those considered at risk: Pan American, which had $327 million in operating losses last year, the most for any airline; and Air Florida, a onetime highflyer that encountered turbulence after expanding too fast. The test for some carriers could come quickly, since the late winter months are normally slack ones for air travel...
...more than a self-inflicted personal tragedy. It inspired charges among the cynical that corporate greed knew no ethical bounds. It touched off a furious row in Britain's Parliament, where a formal inquiry was launched into how the government could have let itself be used by an American highflyer at such cost to its treasury. Protested Sir William Clark, chairman of the Conservative Party's backbench finance committee: "This is absolutely monstrous; it shows that to pump public money into businesses merely to create jobs can be disastrous...
Money market funds have become a highflyer for savers. Like a bank, a money fund takes in deposits and pays them out on demand. But unlike a commercial bank, which is limited by the Federal Reserve to paying 5¼% interest, money market funds face no restrictions on the return they pay investors. At times during 1980, some yielded close to 18%. An estimated 5 million new money market fund accounts have been opened in the past three years, and last week the funds' assets went over $100 billion. But now banks and savings and loans have launched drives...