Word: racket
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Dates: during 1990-1999
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...Paul on the road to Damascus, Dr. Bob Brown had a sudden and irrevocable conversion. The Australian general practitioner had traveled for twelve days on the Franklin River, a beautifully remote waterway in western Tasmania, without sign of civilization. Suddenly, near the river's headwaters, he heard the racket of construction equipment -- jackhammers, drilling barges, bulldozers and helicopters. They were about to build a dam that would have destroyed everything Brown had just seen. "I decided on the spot that the preventive medicine I should be involved in was the conservation movement," says Brown, 45. He dropped his medical practice...
...there a moral to this event? Only the obvious one: that we owe it to the sanctimonious, inflated racket that the art industry has become. The theft is the blue-collar side of the glittering system whereby art, through the '80s, was promoted into crass totems of excess capital. Sotheby's and Christie's tacitly recognized this last week when, after conferring with the museum board and the FBI, they volunteered the $1 million reward money for the Gardner -- a touching p.r. gesture, like a cigarette company giving money to a cancer ward...
...point, Nastase served with a lacrosse stick. Engel returned the ball, and Nastase quickly picked up his racket and served...
...Armed with the bonds, corporate raiders swiftly raised the money they needed to attack even the largest companies. At the same time, investment bankers raked in billions of dollars by advising the raiders and selling junk bonds to eager borrowers. In what corporate America saw as a glorified protection racket, Drexel and its imitators sold services to targets as well, to help them keep raiders...
...very political how people are assigned to write books, because it's so lucrative," says Charles J. Sykes, author of Profscam and a sharp critic of academia. "It's really quite a racket...