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...huge judgment could have a further chilling effect on the speculation that has swept the high-tech, high-volume stock market of the '80s. Boesky (pronounced Boe-ski), the son of a Russian immigrant, often played a central role in the dealmaking. His career was based on the high- rolling game known as risk arbitrage -- the opportunistic buying and selling of stocks in companies that appear on the verge of being taken over by other firms. The prices of those securities generally surge, giving arbitragers the chance to make swift profits...

Author: /time Magazine | Title: The Fall of a Wall Street Superstar | 11/24/1986 | See Source »

...that moment a man in a ski mask burst into the cockpit with an AK-47. I knew something was wrong, because it wasn't even cold out. "I am seizing this plane," he said. "We are going to Beirut. Praise...

Author: By Jeffrey J. Wise, | Title: Not Just a Job | 11/18/1986 | See Source »

They took ski trips to Vail, Colo., and gambling junkets to Las Vegas. They played polo together and lived in luxury condominiums in fashionable West Los Angeles. The Billionaire Boys Club was a group of about 30 rich kids who were out to have fun and get richer, but authorities say their lavish life-style and freewheeling investment philosophy soon led some members to swindles and violence. In Santa Monica last week, the B.B.C.'s compelling but manipulative founder, Joe Hunt, watched as jury selection began for his trial on murder charges, which could put him on death...

Author: /time Magazine | Title: Bad Boys :Investors who went for broke | 11/17/1986 | See Source »

...interested in distinctions of fact and fiction than in rousing stories and lively characters. The Prince of Tides provides plenty of both. There is the time Grandma tried out a coffin at the local funeral home and nearly frightened Ruby Blankenship to death. There is Grandpa, who can water-ski 40 miles and carries a 90-lb. cross through town every Good Friday. Conroy can be shameless in his extravagances of language and plot, yet he consistently conveys two fundamental emotions: the attachment to place and the passion for blood ties...

Author: /time Magazine | Title: Books: The World According to Wingo the Prince of Tides | 10/13/1986 | See Source »

...President since 1967. But I'm mayor of Asti, Calif. (pop. 7), now. That's a stepping city to the presidency." Ford's former press secretary Ron Nessen has put together a film of Ford falling down the plane ramp, announcing the swine flu vaccine program, falling on the ski slopes, liberating Poland in the debate with Carter, and showing off his WIN (Whip Inflation Now) button. "The media got those things all wrong," chortles Nessen. "Take the ramp incident. There's Ford down on all fours. He was just doing what the Pope does...

Author: /time Magazine | Title: The Presidency: The Wit and Wisdom | 9/22/1986 | See Source »

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