Word: spotlight
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...particularly when he joined Soviet Leader Mikhail Gorbachev this month for the grand rituals of signing away all the world's intermediate-range nuclear missiles. Nonetheless, this was a disappointing year for the President, who turned 76 and underwent three new bouts of surgery. Although he remained in the spotlight, he lingered there largely as a victim, a passive witness to the erosion and disintegration of his own fading Administration...
...Hampshire snow, amid scorn and scrutiny, Lee Hart put on a brave front. She wore a red coat and a bright smile as her husband launched himself back in the spotlight. She said what was expected: "I've always believed in Gary. I never stopped believing in him." But a day later, when a raunchy taunt or two soured the comeback, the portrait of the political wife was, in a candid moment, etched in pain. As she rode through a storm of gray sleet in the backseat of a borrowed van, Lee Hart's eyes welled with tears...
...crime as the top story on Wall Street. Some traders have even hoped that the markets' continued fragility might persuade the Government to delay further insider-trading probes lest new revelations drive stock prices even lower. No such luck. U.S. District Attorney Rudolph Giuliani maintains that even though the spotlight has shifted elsewhere, the investigations are proceeding at full speed. Says the Manhattan-based prosecutor, who has led the crackdown on Wall Street crooks: "Whatever the state of the market, our job is to uphold the laws of the U.S. -- not to protect profits...
...spotlight will be back on the scandal once again this week, when the biggest insider trader snared so far, Ivan Boesky, is scheduled to appear in U.S. District Judge Morris Lasker's Manhattan courtroom for sentencing. Boesky, who has been pointing investigators toward investment bankers and others with whom he traded inside information, faced Judge Lasker last week in a final hearing before sentencing. Once Wall Street's most aggressive speculator in takeover stocks, Boesky was a picture of contrition in court. "I am deeply ashamed," he said. "I have spent the last year trying to understand how I veered...
Perhaps at no other time in the 1980s have economists focused such an intense spotlight on consumer behavior as an indicator of the economy's future prospects. Consumer spending, which constitutes two-thirds of the $4.5 trillion U.S. economy, has been the engine of American growth in recent years. Since a long overdue return to thriftiness would put a damper on the economy, a too rapid conversion could be dangerous. "If everybody got religion and cut their spending 10%, we'd have a recession. Gradual change is what we need," says Cynthia Latta, senior financial economist for Data Resources...