Word: walling
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Dates: during 1980-1989
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...cousin in Cincinnati and she said, "Look, you're hanging the toilet paper wrong." Louise replied, "What do you mean?" The cousin said, "You're hanging it so it goes over the top. You're supposed to hang it so that the toilet paper goes down along the wall." I figured this is a subject everybody can relate to, and it was -- well -- different. And I wondered, "How many people really care?" Then I thought, "I care, and I bet thousands of others do too." So I printed it. I discovered 15,000 did care. I like to hang...
...sought to explain the military and its moral code to civilians. Such a voice was needed, for Viet Nam had created a barrier of estrangement between America's warrior class and the nation it serves. Tom Clancy's novels may be romanticized, but they have helped bring down this wall. Not bad for a small- town insurance man who thought he might try his hand at popular fiction...
Recently, few have felt the sting of RICO as much as the denizens of Wall Street. Federal prosecutors have used the law to go after big names like former junk-bond maestro Michael Milken, who is expected to be tried early next year on charges involving securities fraud. Two weeks ago, several executives of Princeton/Newport Partners were convicted for their roles in illegal stock-trading schemes. Two days later, the Justice Department indicted 46 traders at the Chicago Board of Trade and the Mercantile Exchange, 18 of them on RICO charges. And just last week the law was used...
...with $650 million in penalties. Equally troubling to RICO targets is the law's ability to seize temporarily the assets of an accused before a trial begins -- even funds that would be used to pay a defense attorney. "Suddenly, there are a lot of born-again civil libertarians on Wall Street," says Michael Waldman, legislative director for Public Citizen Congress Watch...
...Some Wall Streeters are experiencing acrophobia. Others talk of vertigo. Whatever the buzz word, the feeling is the same: stock speculators have suddenly become woozy about the market's new heights. After a 230-point rise in 1988, the Dow Jones industrial average has zoomed more than 500 points this year, 200 just since the beginning of July. "I've been on this trading floor for 39 years, and I've never seen a market go up so fast for so long without a major break," said Donald Stone, a specialist in consumer stocks on the New York Stock Exchange...