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Beebe used his financial institutions to bankroll everything from polo fields to time-share condos and mini-warehouses. Though a 1987 federal case against Beebe ended in a mistrial, the Government has contended that he was one of his own biggest customers, using the network of banks and thrifts to finance ventures in which he held hidden interests. "He saw the thrifts as one big gold mine, an endless pit of money," says Joseph Cage, a U.S. Attorney in Louisiana who prosecuted Beebe. Rather than exert his ownership outright, Beebe often held control behind the scenes. One of his tactics...

Author: /time Magazine | Title: Dad Would Make a Deal with the Devil | 2/20/1989 | See Source »

...both sides of the street, signs advertise "Condominiums Available" and "Now Leasing Office Space." High-rise condominiums, towering office buildings and sleek mini-shopping centers with high-tech stores and trendy boutiques dot the landscape...

Author: By Tracy Kramer, | Title: Going for Condos and Smoked Salmon | 2/16/1989 | See Source »

...show business, CAA has built a development department that generates ideas for its clients. Ovitz has cultivated close ties with Manhattan gliterary agent Morton Janklow, who represents such best-selling authors s Judith Krantz, Danielle Steel and Jackie Collins. That collaboration has produced some 100 hours of network mini-series. Now Ovitz hopes to work an even richer literary vein. In December Janklow announced a surprise merger with longtime ICM literary agent Lynn Nesbit, whose clients include Tom Wolfe, Ann Beattie and Michael Crichton. According to sources close to the negotiations, the publishing coup was arranged by the invisible hand...

Author: /time Magazine | Title: Pocketful Of Stars: Michael Ovitz | 2/13/1989 | See Source »

...look-alikes would arrive on Friday, but some buyers were in no mood to wait. Jay Montoya, a Los Angeles salesman who had already visited three other stores in a futile attempt to buy the Chinese-made weapon, finally plunked down $341 and walked out with a Ruger Mini-14, an American semiautomatic rifle with a smaller caliber. Said he: "In case there's an earthquake, I'm going to protect my house ((from looters, presumably)). I know how to use this gun, and I would...

Author: /time Magazine | Title: The Other Arms Race | 2/6/1989 | See Source »

From a commercial standpoint, futility might also describe the CBS mini- series Lonesome Dove. TV westerns went out of vogue nearly two decades ago, and remain the medium's most stubbornly unfashionable genre. Lengthy mini- series too are at a low ebb of popularity, especially after last fall's disappointing War and Remembrance. Will crowds of viewers really mosey to the set for a four-night, eight-hour saga about cowboys on the trail...

Author: /time Magazine | Title: Video: Poetry On The Prairie | 2/6/1989 | See Source »

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