Word: shared
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Dates: during 1980-1989
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Beebe used his financial institutions to bankroll everything from polo fields to time-share condos and mini-warehouses. Though a 1987 federal case against Beebe ended in a mistrial, the Government has contended that he was one of his own biggest customers, using the network of banks and thrifts to finance ventures in which he held hidden interests. "He saw the thrifts as one big gold mine, an endless pit of money," says Joseph Cage, a U.S. Attorney in Louisiana who prosecuted Beebe. Rather than exert his ownership outright, Beebe often held control behind the scenes. One of his tactics...
...from Illinois named Donald Morrison landed a job at TIME in New York City and was searching for an apartment on the Upper West Side. This otherwise ordinary venture happened to occur in the extraordinary year of 1968. And so Morrison, looking for a Columbia University student willing to share his digs, found himself instead stranded inside Hamilton Hall just as campus activists took over the building. To escape, Morrison recalls, "I dived out a bathroom window in the back...
...week President Bush came forward with a long-awaited bailout plan in which he sought to spread around the unhappiness in an evenhanded way. Said Bush: "Nothing is without pain when you come to solve a problem of this magnitude." His program will require taxpayers and S & Ls to share the burden of a rescue that will cost an estimated $126 billion during the next decade. The taxpayer portion would amount to about $60 billion, which would be contained in the federal budget over the next ten years. The Government would borrow $50 billion by issuing 30-year bonds...
...public company, investors can vote on shareholder resolutions called proxy statements, Peterson said. But in a private company, he added, "a minority share holder has to go along with what the manager's doing...
Washington has its share of the classical performing arts as well. The Kennedy Center offers concerts, operas, plays and movies at obscenely high prices. Those with a little less money can venture to the Arena Stage, Source or Wooly Mammoth Theaters to find decent plays...