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Tattle when you're a third-grader, and you'll get a stern parental reprimand. Tattle when you're an imprisoned junk-bond trader, and you'll get time off. That's the lesson celebrity financier and felon Michael Milken was taught by Federal Judge Kimba Wood, who reduced his prison sentence by one year for cooperatively testifying against former colleagues. For the past 17 months, Milken has been a model inmate at a minimum-security California prison. He can expect to return home to his family next March...

Author: /time Magazine | Title: Good Boy, Mr. Milken | 8/17/1992 | See Source »

Perot promptly cut it in half anyway. He balked at direct mail, for instance. You mean, he said, the kind of junk I throw away? Perot also recoiled at the idea of polling. That's what ordinary candidates do, he said; I don't need it. Despite that opposition, Rollins took on a pollster and labeled the effort "market research...

Author: /time Magazine | Title: Perot Takes a Walk | 7/27/1992 | See Source »

...earliest days of Harvard, New England citizens generally dumped debris just outside their back doors, he says. "The backyard tended to be where people threw away their junk. They literally tossed it away...

Author: By Joanna M. Weiss, | Title: WHEN TRASH BECOMES TREASURE | 7/10/1992 | See Source »

...were it not for the fact that the author is clearly an equal- opportunity disdainer. New Zealanders are shabby and provincial, he complains. Aussies are rude, foulmouthed and drink too much. Tongans are lazy, quarrelsome and mean to their children. Samoans are greedy, hostile and obese, perhaps because their junk-food diet consists mostly of "Cheez Balls" and corned beef saturated with hippo fat. (Did their liking for the latter, Theroux wonders, derive from their ancestors' enjoyment of "long pig" -- that is, human flesh?) And almost everywhere he found God-swanking missionaries, usually Mormons or Methodists, who seemed mesmerized...

Author: /time Magazine | Title: Cannibal Country | 6/15/1992 | See Source »

Once upon a time, in the heyday of junk bonds and booming real estate markets, big money developers sank fortunes into gleaming urban skyscrapers that stood as proud tributes to an age of avarice. Today a dismal economy has left many of these office towers half full and their developers slumping toward insolvency. Chief among them is Olympia & York, which made a grim return engagement in bankruptcy court last week, this time in Britain. The Canadian real estate giant sought protection from creditors of its London Canary Wharf project. No expense had been spared in this spectacular 71-acre building...

Author: /time Magazine | Title: A London Venture Is Falling Down | 6/8/1992 | See Source »

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