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...lining up the necessary financing. Just for the ominous letters, Milken charged fees as high as $3.5 million. Backed by Milken, Texas oilman T. Boone Pickens attacked Gulf Oil in 1984, forcing the energy giant to merge with Chevron and earning nearly $400 million from his seven-month raid. Later Milken bankrolled Carl Icahn in a $1.2 billion takeover of TWA. Supported by Drexel's bonds, the little-known firm Kohlberg Kravis Roberts became America's buyout king, acquiring 35 companies for more than $60 billion since...

Author: /time Magazine | Title: Predator's Fall: Drexel Burnham Lambert | 2/26/1990 | See Source »

...grenade attack on an excursion bus in Egypt killed nine Israeli tourists but also claimed a tenth victim: a hoped-for meeting between U.S., Egyptian and Israeli officials to try to get stalled talks moving again. The prospect of an imminent get-together was dashed by the raid, which also left 20 Israelis injured...

Author: /time Magazine | Title: Middle East: The Tenth Victim | 2/19/1990 | See Source »

...East Germany, even before the raid, the Modrow government acceded to demands that the issue of resurrecting a state security ministry be left until after elections are held on May 6. Even so, the question of order loomed larger, and the spectacle of the rampage discomfited the government and opposition alike. Said Konrad Weiss, a leader of the Democracy Now movement and an organizer of the protest that preceded the riot: "We found out that radicals in this country can easily misuse a peaceful demonstration...

Author: /time Magazine | Title: Eastern Europe Below the Speed Limit | 1/29/1990 | See Source »

...population to Panama's is 100 to 1. Factor in the overwhelming superiority of the American military, and it might as well be 1,000 to 1. Similar odds prevailed during Ronald Reagan's conquest of Grenada in 1983 and his eleven-minutes-over-Libya bombing raid against Muammar Gaddafi in 1986. A none-too-edifying pattern is emerging in the late 20th century. Since conflicts between nuclear-armed big boys may lead to Armageddon, being a superpower has come to mean roaring at mice -- picking on someone emphatically not your own size. Presidents claim, and usually get, domestic credit...

Author: /time Magazine | Title: America Abroad: Operation Mismatch | 1/22/1990 | See Source »

...raid shortly before Christmas vacation, officers reportedly caught a number of men using the restroom for sex. Those men were not arrested but were given warnings to stay off University property, police said...

Author: By Joshua A. Gerstein, | Title: Police Arrest Four Men In Science Ctr. Bathroom | 1/19/1990 | See Source »

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