Word: richest
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Dates: during 1980-1989
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...uprooted from the garbage dumps where they once foraged and deposited in 4,000 neat, red-tiled homes. At the entrance to the housing development, a large billboard proclaims the author of this generosity: PABLO ESCOBAR GAVIRIA, a local billionaire who has been called one of the world's richest men. Escobar is also one of the world's richest fugitives. Last week a federal grand jury in Miami announced that Escobar and four other Medellin tycoons had been indicted because of the source of their immense wealth: control of up to 80% of the world's cocaine trade...
...center of last week's maelstrom was a shadowy figure whom few people had heard of until last week: Ivan Boesky. On Nov. 14 the Securities and Exchange Commission electrified the financial world with news that Boesky, 49, one of America's richest and savviest stock-market speculators, had been caught in an ongoing insider-trading probe. Boesky had agreed to pay $100 million in penalties, return profits and accept eventual banishment from professional stock trading for life for his alleged wrongdoings. He also faces a single, as yet unspecified, criminal charge, which could lead to a five-year prison...
Limousines glide up to the curb on Manhattan's East Side, disgorging a platoon, perhaps even a battalion, of the richest inhabitants of the planet. A seasoned observer estimates that the crowd rushing inside includes at least 100 people worth more than $50 million apiece. The fall art-auction season -- the "shark feed," as Connoisseur Editor Thomas Hoving calls it -- is at gavel pitch, and once again great works, and some not so great, are going, going . . . gone...
Sarney intends to continue his push for a more equal distribution of Brazilian wealth. The P.M.D.B. pledged during the campaign to push for a higher level of government spending for health, education and other social programs. In 1983 the richest 10% of Brazilians owned nearly half the country's wealth, while the poorest 50% owned just 14%. Sarney hopes the combination of increased government outlays and the Cruzado Plan, with its price freeze and wage hikes for workers, will help change that...
...York City's stock markets had closed for the week when the stunning announcement came. Even so, the bombshell sent the U.S. financial world reeling. In Washington, Securities and Exchange Commission Chairman John Shad announced that Manhattan-based Ivan Boesky, one of Wall Street's richest and most frenetically active individual speculators, had been snared in the biggest insider-trading case ever. In a consent decree Boesky, 49, had agreed to pay $100 million, which Shad described as "by far the largest" settlement obtained by the SEC for insider-trading activity. After a 16 1/2-month transition period in which Boesky...