Word: ince
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Dates: during 1980-1989
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...week when Dr. William DeVries, 40, the pioneer surgeon who in 1982 implanted an artificial heart in retired Dentist Barney Clark, made a surprise announcement: he is resigning from the Salt Lake City medical center to join Humana Heart Institute International in Louisville. The institute is owned by Humana Inc., which operates a chain of 90 hospitals in the U.S. and three foreign countries...
...students staged campuswide protests. His supporters in New York, who range from Mayor Edward Koch to Philanthropist and Civic Leader Brooke Astor, also praise him in what has become an almost monotonously approbative Gregorian chant. Andrew Heiskell, chairman of the New York Public Library and former chairman of Time Inc., says, "Greg has a strange combination of scholarship, energy, drive, salesmanship, enthusiasm and even a certain naivet...
...Marine with a boyish face and the beginning of a paunch, Zaccaro quit Fordham Law School before gaining a degree to enter his father's successful real estate business, Paul Zaccaro Co., Inc. Acting on behalf of a wealthy client, the company tried to purchase the Empire State Building in New York City during the 1950s. That bid failed, and the since concentrated on lucrative commercial properties in Lower Manhattan, including Greenwich Village. "I still have to work for a living," says Zaccaro. "My life has been the real estate business. I've always loved it. The thrill...
...recent years, no firms that underwent leveraged buyouts have failed. But Wilbur Ross, managing director of Wall Street's Rothschild Inc., warns: "The real test will come the next time you have a combination of high interest rates and a bad economic environment. When that happens, we'll see just how prudent some of these deals really were." As every sensible investor should know, a formula designed to create huge profits in good times can eventually lead to enormous losses in bad times...
...second First Amendment case went the Government's way when the Justices decided that it had a compelling interest in limiting the media's right to picture U.S. currency. The case involved a suit filed by Time Inc. after Government agents informed the company that a full-color 1981 Sports Illustrated cover showing $100 bills pouring through a basketball hoop was a violation of law. To prevent counterfeiting, federal law requires that publishers depict bills only in black and white and at less than 75% or more than 150% of actual size. The court turned down Time Inc...