Word: lynching
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...defense of the moneyed elite was what Alexis had in mind when he wrote his tome. The final clubs are wealthy, prejudicial associations with a long sexist and racist heritage. They are bastions of old-boy networking and prep-school traditionalism, with wealthy alumni now working at Merrill Lynch and the State Department who fund the clubs and their beautiful limited-access buildings. As Law Professor Alan Dershowitz says, "the final clubs are where Harvard students learn to discriminate...
...summer of 1981, California State Judge Eugene Lynch asked San Francisco Attorney E. Robert Wallach to talk to his good friend Edwin Meese, then White House Counsellor, about helping the judge get an appointment to the federal bench. Wallach says it was "likely" that he did so. At a hearing on Sept. 17 of that year, Lynch orally approved a payment of $1 million to Wallach's law firm as its part of a $1.74 million out-of-court settlement won by the firm for two girls who had been badly burned in a tent fire. The following January Lynch...
While those facts, reported last week by the San Francisco Chronicle, were not denied, Lynch insisted that there was no connection between his promotion and Wallach's generous award. Lynch said he had not approved the fee in writing and had referred the matter in December to another judge. After the father of one of the girls objected to paying the lawyers 57% of the award (25% is normal in such cases), the second judge in 1982 reduced their fee to $322,000. The California state bar is reportedly investigating Wallach's firm for seeking the high payment. The office...
...from? Certainly not from the snotty, exclusive, all male finals clubs whose members waltz around in tuxedos and perform male-bonding exercises in the wood-panelled back rooms of their prissy Cambridge houses, talking about Mr. Smidgetpoop '51, alumnus of this particular club, who's now president of Merrill, Lynch...
...Lynch remains convinced that America is returning to competitive shape. To abandon the stock market now would be to lose faith in those bustling factories, offices and stores he inspects every week. He believed in the long- term value of U.S. companies before the crash. He still does...