Word: money
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Dates: during 1980-1989
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...very creative, if you divert your energy to a child, it will be extremely difficult to compete," says Lola Reid, a research biologist at the Albert Einstein College of Medicine in New York City. Reid, who has a one-year-old daughter, advocates a separate pool of grant money for scientists who are in their peak years of child rearing. Otherwise, she says, "we're going to lose a highly trained population; they will simply drop out of the field...
Until last week financier Charles Keating had insisted on being the final witness at congressional hearings on the $2.5 billion disaster at Lincoln Savings & Loan, so that he could rebut the witnesses who had accused him of staving off a federal crackdown on his troubled thrift by lavishing money on influential politicians. But as the aggressive ex-fighter pilot, Olympic swimmer and pillar of the Phoenix business community was being sworn in before the House Banking Committee, his right hand trembled noticeably. His tanned face flushed, his 6-ft. 5-in. frame slumped, Keating, 66, demanded that television cameras...
...least five people were probably relieved that the normally garrulous financier had kept his mouth shut: the Senators who received a total of $1.3 million in contributions from Keating. The last time he was asked whether the money he gave to California's Alan Cranston, Michigan's Donald Riegle, Ohio's John Glenn and Arizona's Dennis DeConcini and John McCain had persuaded them to intervene with federal regulators on his behalf, Keating baldly declared, "I certainly hope so." Iowa Republican Congressman Jim Leach, one of the few members of the House Banking Committee who does not accept contributions from...
...Government has filed a $1.1 billion fraud and racketeering suit to try to recover some of the money that Keating and his family are said to have taken out of Lincoln. Several class-action suits charging that Keating siphoned off millions to sham corporations in Switzerland, Panama and the Bahamas have been filed on behalf of 23,000 mainly elderly California bondholders. During the two years that Lincoln stayed open after the five Senators met with San Francisco bank examiners who wanted to shut Lincoln in April 1987, the cost of paying off the S & L's federally insured depositors...
...have happened in high season rather than before it. In addition, the tragedy may help inspire local governments to repair the infrastructure properly, and then some. "Hugo has done for St. Thomas what nothing else could," says Hotel Association president Nick Pourzal. "Now they are planting, landscaping, spending the money to line the boulevards with bougainvillea. I've been trying to get this done for 15 years...