Word: sharings
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Dates: during 1980-1989
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Around the globe, on land and in the sea, the story is much the same. Spurred by poverty, population growth, ill-advised policies and simple greed, humanity is at war with the plants and animals that share its planet. Peter Raven, director of the Missouri Botanical Garden, predicts that during the next three decades man will drive an average of 100 species to extinction every day. Extinction is part of evolution, but the present rate is at least 1,000 times the pace that has prevailed since prehistory...
...Drexel still displays its characteristic moxie. The firm is handling a $3.5 billion junk-bond offering as part of the $25 billion leveraged buyout of RJR Nabisco. For its share in financing history's largest takeover, Drexel expects to take in $229 million before expenses. Many clients still profess their allegiance. Says raider and oilman Pickens, who relied on Drexel's financing clout to make bids for Gulf Corp. and Phillips Petroleum: "I have the highest regard for Fred Joseph...
Barely visible behind a lectern in Tel Aviv's Yad Eliyahu basketball arena, the diminutive Yitzhak Shamir struggled to make his voice heard. His Likud bloc must agree to share power with Labor, he pleaded, "to be united against the danger of a Palestinian state." But even that potent argument elicited little but jeers from hundreds of angry members of the right-wing Likud bloc's central committee. Cheers rang out only when Ariel Sharon, the big and assertive leader of the party's hard-liners, called for a narrow coalition without left-leaning Labor. "People in Labor...
WEAKEST TAKEOVER DEFENSE Pillsbury's "just say no" strategy failed to fend off British consumer-products giant Grand Metropolitan. The Dough Boys also tried a "poison pill" strategy that would have awarded current stockholders a larger share of the company, making it far more expensive to purchase. But a Delaware chancery court ruled against Pillsbury's tactic, and it was gobbled up last week for $5.C5 billion...
Toms River, N.J., is fertile ground for what the publishing business calls a "true crime" book. Such a product should feature a victim and killer, preferably related to each other, who share the same demographics and conventions as the middle-class readership. The appeal of this sort of thing is obvious, as Joe McGinniss proved in Fatal Vision (1983), the best seller about U.S. Army Captain Jeffrey MacDonald, a physician convicted in 1979 of murdering his wife and children...