Word: pit
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...sticky triangular paradox. Alone among Reagan advisers, Darman lent his name to a Washington coinage: "Darmanesque" denotes the arcane stratagems he devised to promote Reagan policies. In the process of advancing Reaganomics, he sometimes swallowed his own skepticism about its wisdom. Now Darman must extricate Bush from the tar pit that is Ronald Reagan's fiscal legacy. The incongruity does not diminish his enthusiasm...
...going to be a pit-bull fight," Harvard Assistant Coach John Anz said. "Hopefully, we will come out a little less bloody. There's not going to be a quick knockout. It's going to be a split decision. It's a fight to the death, there is no in-between...
...four positions should provide a lot of sparks. The matches will pit last year's Ivy Rookie of the Year Musto against 1987 Ivy Rookie of the Year Jon Bernheimer at the number-one slot, Cyrus Mehta and Lifford at two, Tim Goodale and Farokh Pandole at three, and Tom Clayton and Johnny Kaye at four...
...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 was to stake friends like the high-flying financier Don Dixon, who relied on Beebe's backing to acquire Texas-based...
...undercover agents recorded their information not just in the hurlyburly of the pits but on social occasions as well. Two feds working the Board of Trade solicited stories about illegal trades by throwing lavish parties in their high-rise apartments and by joining the posh East Bank Club, a gym popular with commodities brokers. One agent who called himself Richard Carlson claimed that he specialized in soybean contracts and was a native New Yorker; the other, who called himself Michael McLoughlin, said he worked the Treasury- bond pit and was from Florida. "Both were nice guys, pleasant, friendly," recalls...