Word: milles
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Dates: during 1980-1989
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...preacher has become a powerful czar of Christian entertainment. His enterprises encompass the PTL (for Praise the Lord or People That Love) network, carried by cable TV to 13.5 million homes; a daily television talk show, broadcast on 178 stations; and the 2,300-acre Heritage USA at Fort Mill, S.C., America's splashiest Gospel-theme amusement park, which was visited by more than 6 million people last year. His projects, which also include a lavish hotel and various charities, employ 2,000 people, and had receipts of $129 million last year...
...still an end of innocence, since Vaskevitch was the firm's first investment banker to get caught up in the insider-trading scandals. Moreover, the involvement of so high an executive in the largest U.S. brokerage firm sent new waves of shivers through Wall Street. According to the rumor mill, which is now more preoccupied with subpoenas than proxy statements, as many as 60 Wall Streeters will be accused in connection with the Boesky scandal alone. Rumors about possible charges against the investment firm Drexel Burnham Lambert, which had close ties to Boesky, have become so vexing to the company...
...rumor mill is a semicovert part of the information media, says Kapferer, who holds an American Ph.D. in social psychology from Northwestern University and teaches at France's School for Advanced Commercial Studies. He believes rumors reveal the desires, fears and obsessions of a society. "They are," he says, "an echo of ourselves...
...people being guided by reason and always able to improve things. To put it another way, the unconstrained see human beings as perfectible, the constrained as forever flawed. The constrained vision, as expressed by Adam Smith or Alexander Hamilton, seeks trade-offs; the unconstrained vision, as in John Stuart Mill or Thomas Jefferson, seeks solutions. "The constrained vision is a tragic vision of the human condition," Sowell writes. "The unconstrained vision is a moral vision of human intentions...
Sowell claims to be describing both conflicting visions impartially, to be making no judgment on their comparative merits, but somehow the quasi-liberal unconstrained vision often seems to lead to positions that few liberals would accept as their own. Sowell cites John Stuart Mill's admiration for "the most cultivated intellects" to suggest that the unconstrained are elitist, and hypocrites as well. "It is consistent for the unconstrained vision to promote equalitarian ends by unequalitarian means," he writes, "given the great differences between those whom Mill called 'the wisest and best' and those who have not yet reached that intellectual...