Word: stockings
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Dates: during 1980-1989
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...junk- bond wizard was recovering, he explained, from knee surgery to remove cartilage he had torn in a backyard basketball game at his suburban Los Angeles home. Looking tanned and relaxed, Milken did not know that he was minutes away from being slammed with one of the most sweeping stock-fraud lawsuits in Wall Street history...
...complaint casts the Beverly Hills-based Milken as the mastermind of a secret, bicoastal arrangement with Ivan Boesky, the Manhattan financier now serving a three-year prison term for insider trading. From 1984 until late 1986, according to the Government, Boesky secretly bought and sold huge blocks of stock at Drexel's behest to push forward the firm's takeover deals and to reap millions of dollars in illicit profits. Five others were charged as participants in Drexel's schemes: Milken's younger brother Lowell, an attorney who works in the company's junk-bond department; Cary Maultasch and Pamela...
...Government files stock-fraud charges against Drexel Burnham. -- Gold among the thrift ruins. -- Turning patter into profits...
...Valley Girl's phone bill. The number of such hot lines operating in the U.S. has doubled in the past year, to 3,800, offering a growing Touch-Tone emporium of services ranging from the practical to the kinky. Customers can call for soap- opera updates, used-car prices, stock quotes, sex fantasies or rock-concert schedules. Prices run from as little as 50 cents a call to nearly $5 for the first minute. Total revenues are expected to reach $450 million this year, up 50% from 1987. While the industry has already encountered a legislative clampdown that could limit...
They are already known as the "first Canadians." Now 13,000 native Indians and metis (of mixed European and Indian stock) who inhabit the Mackenzie River Valley in Canada's Northwest Territories are about to become the region's biggest landlords. With drums beating a steady cadence and 1,000 Dogrib, Slavey, Chipewyan and Cree Indians and metis looking on, Prime Minister Brian Mulroney last week signed a tentative agreement calling for $403 million and 109,000 sq. mi. of federal lands to be turned over to native peoples in the western subarctic end of the region that stretches across...