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...Drexel so that the New Jersey firm could claim short-term tax losses on the sale. The laws against racketeering, which involves repeated crimes carried out by a person or a business, have traditionally been used against the Mafia. Bringing racketeering charges against stock swindlers is an aggressive new tactic in the war on white-collar crime...

Author: /time Magazine | Title: Fraud, Fraud, Fraud | 8/15/1988 | See Source »

Give Ferdinand Marcos credit for trying. The deposed President of the Philippines has attempted everything from flattery to pleas for sympathy to plotting a coup d'etat. But Marcos' successor, Corazon Aquino, has blocked all his maneuvers to return home. So Marcos, 70, is trying a new tactic. According to intermediaries, he has offered to turn over $5 billion, enough to pay nearly 20% of the country's foreign debt, if Aquino will change her mind. Although she reportedly rejected the proposed deal, Aquino at one point challenged Marcos: "Send the $5 billion, and then we will talk...

Author: /time Magazine | Title: The Philippines: Let's Make A Deal | 8/8/1988 | See Source »

HUCTW won the election, in which over 90 percent of support staff members voted, by a 44-vote margin. The union contends that Harvard's charges are merely a delaying tactic and that it was engaged in legal get-out-the-vote efforts...

Author: By Susan B. Glasser, | Title: Union Election Hearing Date Set for August 15 | 7/29/1988 | See Source »

Giorgio was the pioneer of scent strips, but more than a dozen other manufacturers have followed suit, since the tactic seems to work wonders. Fragrance sales, which fell in the early 1980s, have steadily risen for the past five years, according to the Fragrance Foundation. Scent strips have become so effective that they are challenging department stores as the primary means for introducing and sampling new fragrances. For readers who cannot make it to the nearest posh department store, the ads provide a toll-free 800 number to call to buy the product from the privacy of their living room...

Author: /time Magazine | Title: Living: The Sweet Smell of Success? | 6/27/1988 | See Source »

...question of whether to Spike or not to Spike puts Government antidrug crusaders, environmentalists and corporate America in an awkward three-way tug-of-war. Last week Sandra Marquardt of the environmental group Greenpeace accused the State Department of a "scorched-earth tactic that threatens to wipe out most plant life in the region for five years or more." Scientists for the Environmental Protection Agency say Tebuthiuron can harm useful vegetation if it leaches into groundwater. Ecologists contend that it would be difficult for farmers to grow crops after the coca has been destroyed. They point out that Spike...

Author: /time Magazine | Title: To Spike or Not to Spike? | 6/27/1988 | See Source »

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