Word: kuhns
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Dates: during 1990-1999
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...city's newspapers. "How many subway riders, wary of the deranged homeless who make the subterranean world so menacing, have not fantasized responding to assault with violence?" wrote social commentator Myron Magnet in the New York Times. Public wrath at the homeless was so palpable that the Rev. George Kuhn felt the need to admonish restraint at the funeral of Sumter's still unidentified victim. "Homeless people are not wanted in our country," said Kuhn. "We have to say, 'I am ready to give my all so that this does not happen again...
Cohen was determined to build a firm that would rival Merrill Lynch in size. In 1984 he orchestrated a $360 million merger between Shearson/American Express and Lehman Brothers Kuhn Loeb. That move catapulted Shearson into the immensely profitable investment-banking business. But signs of stress began to appear in the wake of the 1987 stock-market crash, when Shearson paid nearly $1 billion to acquire E.F. Hutton. Dozens of top-notch Hutton brokers defected to other investment firms. At the same time, the firm suffered dwindling business from individual investors, on whom Shearson was still heavily dependent. Cohen, meanwhile...