Word: marketeering
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Dates: during 1980-1989
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...packed vegetable market, hurried transactions are interrupted by rumors of arrests and raids. By 11 a.m., the shops are shuttered and the shabab take over, attacking and evading soldiers. Five toughs from a Palestinian gang called the Black Panthers swagger down the street only two blocks from an Israeli foot patrol. "We're running our own state here," says a young "enforcer" as he demands identification from strangers. Two days earlier, the Panthers dragged Naima Ja'ara, 35, from her house and shot her in the head for allegedly collaborating with the Israelis...
...long-standing U.S. complaint about the Soviets, he urged them to publish information on their military-force structure, budget and weapons production. He handed Gorbachev a list of possibilities for cooperation between the two nations, including advice on such classically capitalist institutions as banking systems and a stock market. "We're happy to pursue any of these issues with you," Bush said, beaming...
...organizing things. He has always tried to live a moral life. "I don't see any divergence in my program," he says. In 1979 he borrowed $7,500, started rehabbing buildings in New England and prospered; luck or savvy got him into Key West before the Northeast real estate market went flat...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store was old, but it was outmoded." KMO Realty Partners, which now owns Altman's real estate, controls the rights to the store's name. KMO will probably try to make some use of it, perhaps selling it to an apparel maker or retailer, but the B. Altman name will probably...
...corporate raiders who amassed fabulous fortunes in the 1980s, that sad song has begun to seem painfully true. Armed chiefly with bravado and borrowed cash, such buccaneers as T. Boone Pickens, Paul Bilzerian and Canada's Robert Campeau once made boardrooms tremble and the stock market dance. No longer. More jeered than feared, many raiders are mired in debt, saddled with bankrupt companies or deprived of their clout. Others who profited from the buyout binge face public obloquy or even years in jail...