Word: parts
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Dates: during 1980-1989
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Diversity is the raw material of earth's wealth, but nature's true creativity lies in the relationships that link various creatures. The coral in a reef or the orchid in a rain forest is part of an ecosystem, a fragile, often delicately balanced conglomeration of supports, checks and balances that integrate life-forms into functioning communities. Given the complex workings of an ecosystem, it is never clear which species, if any, are expendable...
...cold. Said one of Milken's friends: "From now on he is on his own -- and as determined to prove his innocence as ever." Milken's defense against criminal charges could be hampered by the Drexel settlement, in part because the firm has promised to cooperate with the U.S. Attorney's probe of his transactions. But Stanley Arkin, a Manhattan attorney who specializes in white-collar crime, says separating the cases could help Milken. Says Arkin: "Milken will now be able to defend just his actions instead of those of 10,000 others...
...other hand, the summer's disasters may have had nothing to do with the greenhouse effect. They could have been random events -- all part of the natural year-to-year variations in weather. Many climatologists called Hansen's remarks premature and feared that if this summer happens to be cool, public worries about the greenhouse effect will quickly fade...
America, for its part, is at a turning point. The Reagan Administration, with its poor record on environmental issues, is coming to a close. President- elect Bush, who turned the pollution of Boston Harbor into a successful campaign issue, has an opportunity to show that he is serious about saving the planet -- even after the election. He sent out an encouraging signal last week by naming veteran conservationist William Reilly to head the Environmental Protection Agency. Reilly, 48, president of the World Wildlife Fund, promised a "new and constructive course" on environmental problems. It is none too soon...
...Drexel still displays its characteristic moxie. The firm is handling a $3.5 billion junk-bond offering as part of the $25 billion leveraged buyout of RJR Nabisco. For its share in financing history's largest takeover, Drexel expects to take in $229 million before expenses. Many clients still profess their allegiance. Says raider and oilman Pickens, who relied on Drexel's financing clout to make bids for Gulf Corp. and Phillips Petroleum: "I have the highest regard for Fred Joseph...