Word: walls
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Dates: during 1980-1989
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JOHN ADAMS: NIXON IN CHINA (Nonesuch). A waltz across the Great Wall with Dick, Pat, Henry and Mao: the year's best new opera recording...
...comeuppance. As in a Greek tragedy, the company seemed to suffer from an overabundance of hubris that concealed a fatal flaw. In Drexel's case, it was Milken's growing appetite for power and control. The turning point came in November 1986 when Ivan Boesky, a notorious Wall Street speculator, pleaded guilty to a single count of securities fraud and agreed to pay $100 million to settle SEC charges that he had used insider information to buy and sell stock. Boesky, who is serving a three-year term in a minimum-security prison in Lompoc, Calif., agreed to identify others...
Necessity has spawned invention in marginal farmlands around the world. The Chinese, threatened by a desert that is spreading at the rate of 600 sq. mi. a year, are planting a "green Great Wall" of grasses, shrubs and trees 4,350 miles across their northern region. In Peru archaeologists have revived a pre- Columbian agricultural system that involves dividing fields into patterns of alternating canals and ridges. The canals ensure a steady supply of water, and the nitrogen-rich sediment that gathers on their floors provides fertilizer for the crops...
...Wall Street, anti-takeover ploys are becoming as pervasive as red suspenders. Last week four blue-chip companies, including Dow Chemical and ^ American Express, unveiled a new financial product that could become a deterrent to corporate raiders. The firms will buy back as much as $5.6 billion worth of their shares with so-called unbundled stock units: packages that include a bond and two new types of securities. Partly because the new packages will allow the companies to pay less in taxes, investors might bid up the price of the new units. Raiders, Wall Streeters believe, might resist paying such...
...Woman of the Future. For Nichols' film is also as modern as the 21st century challenge that faces America. How will the working class be educated to survive and thrive in the computer age? This intoxicating movie has an answer: let her strut her outer-borough wisdom from Wall Street to the Pacific Rim. Watch her fatten portfolios as she melts hearts. With working girls like Tess, America ain't down yet. -- Richard Corliss...