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...passed into bankruptcy or deep financial trouble. But none have burned through as much money in so short a time -- without even a near hit -- as De Laurentiis. Worse still, few if any ventures contained such a web of insider-enriching transactions. Stockholders of DEG, who saw their shares plummet from a peak of $19 to less than 40 cents, have responded with fiery class-action lawsuits. At the same time, DEG is suing De Laurentiis for $50 million, accusing its founder of fraud, misrepresentation and self-dealing...

Author: /time Magazine | Title: Star Of His Own Dubious Epic | 4/9/1990 | See Source »

...presidents and $135 million in losses. Yet he has reaped millions of dollars in personal fees by aggressively playing the stock market with Datapoint's cash. Another Edelman-controlled firm, Intelogic Trace, a computer-servicing business that was spun off from Datapoint in 1985, has seen its annual profits plummet from $20 million in that year to $179,000 in fiscal...

Author: /time Magazine | Title: A Golden Boy's Woe: I'm Virtually a Slave | 12/11/1989 | See Source »

...State Appreciation: Despite his drastic plummet in the public opinion polls, Gov, Michael S. Dukakis still seems to command the respect of the University of Virginia community. At this week's presidential summit on education held there, Dukakis received sustained applause when he arrived for public events...

Author: NO WRITER ATTRIBUTED | Title: Reporter's Notebook | 9/30/1989 | See Source »

...novel, in fact, begins with a big bang: the blowing up, by Sikh terrorists, of a jumbo jet, Flight AI-420 from Bombay to London, at 29,002 feet over the English Channel. Two passengers, cartwheeling and conversing, plummet earthward. One is Gibreel Farishta, India's most popular movie star, who is in disguise and fleeing his fame after suffering a life-threatening illness and discovering in the process that there is no God. The other is Saladin Chamcha, a prosperous performer of voice-overs for commercials on British television, returning to his adopted land after a melancholy visit...

Author: /time Magazine | Title: Books: An Explosive Reception | 2/13/1989 | See Source »

White families living near the Sleds insist they are not racists. But, they say, they are afraid that the Sleds may be followed by other black families, that white residents will move, then property values will plummet, and the neighborhood will deteriorate. "I'm afraid of what could happen," said one 75-year-old woman. Until 1972 she and her husband lived in Austin, a Chicago suburb that went from predominantly white to predominantly black. "We had to sell our home for nothing," she said. "What happens if this whole doggone neighborhood gets up and leaves...

Author: /time Magazine | Title: Racism in The Raw In Suburban Chicago | 10/17/1988 | See Source »

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