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Milken never put his big idea or his ambition aside. As a trader for the old-line Philadelphia firm of Drexel Firestone in the mid-'70s, he scorned colleagues who hewed to tradition and "spent from 11 o'clock to 2 o'clock at the racquet club." The dogged Milken soon discovered that junk bonds could provide much needed capital for medium-size companies that were unable, because of their size, to issue investment-grade debt. Other firms, notably Lehman Bros., had already tried minting bonds that were high yield from the outset. But Milken was the first to build...

Author: /time Magazine | Title: A Heap of Woe for the Junkman | 12/5/1988 | See Source »

Each summer of his childhood, George Bush went with his family to a sprawling shingle-and-stone cottage in Kennebunkport, Me., joined by assorted cousins and friends who could always find a spare bedroom, an extra tennis racquet. Days were crammed with sailing and tennis at the River Club, fierce games of backgammon and Scrabble at night. After Prescott Bush Sr., the imposing (6 ft. 4 in.) patriarch, arrived by sleeper car from Manhattan on the weekends, he would recruit a vocal quartet from the assembled company for after-dinner harmonizing. Family Friend Bill Truesdale describes those summers...

Author: /time Magazine | Title: A Tale of Two Childhoods | 6/20/1988 | See Source »

Squash, tennis and basketball are all fine one-on-one sports, but make sure you have your dad's Visa with you when buying equipment. Price for squash racquet, ball and sneakers: anywhere from $50-$150, depending on the type of racquet you want. Price for tennis racquet, ball and sneakers: $150-$300, depending on whether you chose Pro-Keds over Reebok super-insolated Andres Jarryd hard-surface court shoes. Price for basketball and sneakers: $40-$100, depending on whether you buy a Kareem Abdul-Jabbar galvanized rubber ball or a Greg Kite reinforced-brick ball...

Author: By Julio R. Varela, | Title: You Seldom Whiff in Whiffle Ball | 4/23/1988 | See Source »

...Hank's had his ups and downs, but I feel his game is building its way to a climax," Leschly said. "It was his stamina that pulled him through today. He's using his racquet much better as well...

Author: By Michael J. Lartigue, | Title: Netmen Tame Notre Dame, 7-2 | 3/18/1988 | See Source »

Harvard also captured its first five-man championship since 1986, when the squad defeated Mexico, 3-2, in the United States Squash Racquet Association finals. Harvard came back from 2-0 deficits against Yale in the semifinals and Mexico to claim the crown...

Author: By Michael J. Lartigue, | Title: Racquetmen Finish a Superb Year | 3/16/1988 | See Source »

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