Word: musts
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Dates: during 1980-1989
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Drexel's pact with the SEC, which must be approved by a federal judge, will allow the firm to close the book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last...
Children are scuttling from karate classes to play dates scheduled by Mommy's secretary. Their social lives out of nursery school may rival those of their parents in complexity. Meanwhile, the parents must work even harder to pay for it all. When Arlie Hochschild studied working couples in the San Francisco area for a forthcoming book, Second Shift, she found that "a lot of people talked about sleep. They talked about sleep the way a hungry person talks about food...
...American household to its imagined bygone tranquillity. Only a dramatic change in both attitudes and economics would offer a genuine respite. And, anyway, ! who hasn't felt the exhilaration of running this race, which many might actually miss if they slowed to a trot. But at some point individuals must find the time to consider the price of their preoccupation and the toll on the spirit exacted by exhaustion. With too little sleep there are too few dreams. And for children, especially, being eight years old should include some long, ice-creamy afternoons of favorite stories and grassy feet. Some...
...determines that Tokyo has failed to open its markets for everything from weather satellites to financial services. Moreover, the Administration now considers U.S. industrial competitiveness to be as essential as tanks or missiles to American security. "Trade is defense," says Clyde Prestowitz, a former U.S. trade negotiator. "We must recognize the nature of the game." George Bush, for one, seems determined to play harder...
...thing, the Diet's opposition forces are holding hostage the nation's budget, which should have been in place April 1. They refuse to debate it until the L.D.P. agrees to allow Nakasone to testify under oath about his role in the Recruit affair. For another, Takeshita must set a date for elections to the Diet's upper house by Aug. 13, and in the poisonous atmosphere created by Recruit, the L.D.P.'s chances of winning the 54 seats it needs to retain a majority are less than certain. Finally, Takeshita's own lease on party and government office comes...