Word: targets
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Dates: during 1980-1989
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...Target Is Destroyed...
...major target of lawsuits has been the insurance industry, which is reluctant to cover AIDS victims or even potential victims of the disease. Laws forbidding insurers to use the AIDS-antibody test -- which reveals only exposure to the AIDS virus and is not a test for the disease -- have been passed by California, Wisconsin and the District of Columbia. Insurers are being accused of attempting to identify and screen out homosexual men, one of the groups at highest risk of contracting the disease, by denying policies on the basis of occupation, marital status and neighborhood. In California, National Gay Rights...
...advantage of a lull in the shelling, Wall Streeters scrambled from underneath their desks last week and tried to get their morale and finances in shape. Stunned by the Ivan Boesky insider-trading disclosures of Nov. 14 and expecting more to come, investors pulled their money out of takeover-target stocks and instead poured their cash into stabler, less controversial shares. Nevertheless, takeover artists got back some of their nerve and launched a flurry of new merger bids. All the while, angry accusations flew back and forth as the players in the widening controversy -- investors, raiders, regulators and legislators -- debated...
...most ravaged investors last week were Boesky's colleagues, the risk arbitragers who speculate on takeovers by investing in target companies. Arbitragers, who gamble that share prices will rise in value as a proposed merger approaches its conclusion, were left holding huge volumes of so-called deal stocks when the Boesky scandal broke. Those shares took a sharp plunge last week as investors rushed to dump them, leaving the "arbs" with collective losses of $1 billion or more. The arbitrage department at Merrill Lynch, for example, is estimated by competitors to have dropped $20 million to $50 million...
Stalin, Conquest says, viewed the country's 120 million peasants as irremediably hostile to the regime. Individualistic and intractable, they would have to be torn from their bit of private land and either tamed by force or annihilated. Stalin's first target was the kulaks, caricatured as rich, greedy and brutal farmers who lived off the labor of others. Actually, they were the hardest working and the most productive of the peasants. The wealth of the average kulak family consisted of one to three cows and ten to 25 acres of land. Nevertheless, beginning in 1929, more than 13 million...