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Mexico City drivers, who routinely pay bribes to avoid traffic tickets, had no idea just how much their pesos could buy until Jan. 19. That is when television newscasts showed authorities conducting a raid of two palatial homes owned by former Mexico City Police Chief Arturo Durazo Moreno. Besides rooms with views, Durazo's mountain retreat included stables, 17 Thoroughbreds, imported furnishings, 19 collector's cars, a cache of weapons and a discothèque equipped with the most advanced sound-and-light equipment inspired by New York's Studio 54. Durazo's second estate...

Author: /time Magazine | Title: Mexico: Police Fund | 2/6/1984 | See Source »

...that favor existing management is another defense. In Delaware, certain defensive tactics, like issuing rights or options to buy shares of a company, can be approved by directors alone, without a vote by shareholders. Gulf reincorporated in Delaware from Pennsylvania, thus shielding itself at least for now against a raid by Mesa Petroleum's T. Boone Pickens Jr. Many experts question the legality of shark repellents. Dissident shareholders challenge them, charging that they amount to changing the rules in the middle of the game...

Author: /time Magazine | Title: Deft Defenses: Corporate Takeovers | 2/6/1984 | See Source »

...winter offensive. In a four-day battle on the slopes of Cacahuatique mountain in the eastern department of Morazán late last month, government forces finally broke a rebel siege, but lost 40 men. U.S. military aides commended the army for responding so quickly to the guerrilla raid, but at least two support battalions broke and ran from entrenched positions...

Author: /time Magazine | Title: Central America: Battling on Two Fronts | 1/16/1984 | See Source »

...Bryher's taking a near overdose of a drug and being saved by H.D. Yet these were the productive days. Bryher commenced her historical novels. And H.D.'s triumph over circumstance is celebrated in her Trilogy. It is no wonder that H.D. wrote during an air raid: '... now that I saw that Bryher was accepting the fury, we could accept the thing together...

Author: /time Magazine | Title: Books: Excerpt | 1/16/1984 | See Source »

...policy marvelously. Democratic Contender Jesse Jackson went one step further last week, flying off to Syria in hopes of meeting with ailing President Hafez Assad and winning the freedom of Navy Lieut. Robert Goodman, 27. Goodman's jet was shot down over Lebanon Dec. 4 during a bombing raid against Syrian positions...

Author: /time Magazine | Title: An Act of Dubious Diplomacy: Jesse Jackson Goes to Syria | 1/9/1984 | See Source »

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