Word: walls
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Dates: during 1980-1989
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Government prosecutors have amply proved their ability to persuade white- collar offenders on Wall Street to confess and plead guilty, but can the Feds convict anybody in a court trial? In attempting to try an important case stemming from the Ivan Boesky stock-fraud scandal, the Government is striking out. Last week the criminal stock-manipulation case against GAF and its vice chairman, James Sherman, ended in a second mistrial. After six weeks of testimony and more than 90 hours of deliberations, Federal Judge Mary Johnson Lowe decided the jury was hopelessly deadlocked...
...painting cooked. In the early '50s, when Alberto Burri began to exhibit his paintings assembled from torn sacks and burnt strips of wood, they looked as leprous as Dubuffets. Today they seem tender, full of regard for discarded things, and about as threatening as sunlight on an old wall; one realizes this was always part of their intent. Even the Italian artists dealing with popular imagery in the early '60s, like Mimmo Rotella, lack the bluntness of their American counterparts. Rotella's Marilyn, 1962, a torn poster "found" and peeled from the wall, is partly about abstract expressionist gesture, partly...
...artists have found a highly receptive audience among the millions of U.S. investors who routinely conduct stock and bond trades over the phone with their brokers. Because it is normal for legitimate brokers to solicit new business by making cold calls, crooks posing as Wall Streeters have talked elderly investors into borrowing heavily against their home equity to buy into schemes touted as surefire. "We are confronted with a national epidemic of truly staggering proportions," says John Baldwin, president of the North American Securities Administrators Association, a group of state officials who regulate brokers and dealers...
...darkness fell over Jerusalem's Old City last Wednesday, Orthodox Jews recited evening prayers at the Western Wall, the remains of King Herod's great temple and the symbol of the fall of Israel two millenniums ago. Armed border police stood guard against terrorists while 1,500 leaders of the Diaspora, more than half of them Americans, assembled for a "Conference on Jewish Solidarity with Israel." Mordechai Gur, commander of the troops that wrested the Old City from Jordan in 1967, read a closing proclamation: "We support the democratically elected government of national unity in its efforts to achieve peace...
...huge subsidies from West Germany: some $1 billion a year in bank credits and other transfers. East Germany also profits from back-door access to the rich European Community market through West German middlemen. The special treatment reflects West Germans' strong emotional bond with their countrymen across the Berlin Wall -- and deep-seated hopes that the two Germanys may one day be reunited...