Word: placed
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Dates: during 1980-1989
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When Financial World magazine published its annual list of Wall Street's 100 highest earners last week, no one was surprised to see junk-bond pioneer Michael Milken on top (1988 income: at least $180 million) and leveraged- buyout king Henry Kravis ($110 million) in third place. But who was this in the No. 2 position? A relatively unknown dealmaker named Gordon Cain, 77, took that spot by earning an estimated $120 million last year through his Houston LBO firm, Sterling Group...
...Beijing, where most of the carnage took place, citizens are not yet foolish enough -- or desperate enough -- to buy the government's line. But they are toeing it, as a sullen normality descends on the city. Although most of the tanks are gone, the streets still teem with helmeted soldiers, AK-47s poised at their sides. The handwritten broadsheets that served as a free press have been peeled from walls, but perhaps some cyclists are heartened as they spot one last declaration chalked on the Forbidden City: THE FASCIST GOVERNMENT OPPRESSES THE ENTIRE PEOPLE OF THE COUNTRY. It is impossible...
Time took other steps as well. The company swapped some 7 million of its shares for 17.3 million Warner shares, or about 10% in each company. The exchange could have the effect of frustrating Paramount by placing a large block of Time stock in friendly hands, and it gives Time a head start in its acquisition of Warner shares. Time also asked a federal court in New York City to halt the Paramount bid on the grounds that it reflected a "campaign of deception and manipulation" to derail the Time-Warner merger. The suit alleged that Paramount feared the competitive...
...abuse. Singled out for special scorn were "giveaway" programs for the poor. Now, as Congress delves into a spreading scandal at the Department of Housing and Urban Development, the hypocrisy of Reagan's rhetoric has been brought into sharp relief. During his Administration, a massive giveaway did take place, but to the greedy, not the needy. HUD, whose prime mission is to provide shelter for low-income citizens, instead became a gold mine for Republican insiders, ambitious developers and powerful Washington consultants...
...prohibition against a third term, might he have run again? Reagan, in his first full interview since leaving the White House, gave that slow, easy smile, ducked his head in a kind of protest against such audacity. "I cannot answer that, really," he said. "With ((the 22nd Amendment)) in place, you did not even think of it. You knew that it was all over at the end of two terms." Hunch: he sure would have...