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...same could not be said of whip Tony Coelho, who had hoped to bump up a notch to majority leader. The Justice Department is reportedly in the preliminary stages of a criminal investigation of Coelho's investment in a $100,000 junk bond sold by indicted inside trader Michael Milken's firm, Drexel Burnham Lambert. Late Friday, after Common Cause asked the ethics committee to determine whether the bond deal was a favor, Coelho could see what lay ahead. He announced that he was quitting his leadership post immediately and resigning from Congress on June 15, his 47th birthday...

Author: /time Magazine | Title: How Many Will Fall? | 6/5/1989 | See Source »

...members' home phone numbers to campaign over the weekend. Georgia's Ed Jenkins, an ally of powerful Chicago Congressman Dan Rostenkowski, is another likely candidate. Former Budget Chairman Bill Gray, Arkansas' Beryl Anthony and Michigan's David Bonior will probably fight it out for Coelho's majority-whip slot...

Author: /time Magazine | Title: How Many Will Fall? | 6/5/1989 | See Source »

NATION: As Jim Wright's fate is sealed, the Capitol Hill ethics purge also topples majority whip Tony Coelho...

Author: /time Magazine | Title: Time Magazine Contents Page Vol. 133 No. 23 JUNE 5, 1989 | 6/5/1989 | See Source »

INDIANA JONES AND THE LAST CRUSADE. The adventure genre may be nearly exhausted, but producer George Lucas and director Steven Spielberg know how to make the thrills crack like Indy's bull whip. Sean Connery and Harrison Ford find special star resonance in the bond between an aloof father and his heroic, hero-worshiping...

Author: /time Magazine | Title: Critics' Choice: May 29, 1989 | 5/29/1989 | See Source »

Troubles for Democratic whip Tony Coelho mounted with stories of his profiting from favoritism by borrowing money to buy a $100,000 junk bond from Drexel Burnham Lambert -- a deal that ultimately netted him $6,882. Avenging Republicans hovered over fax machines, gathering new items from the stories on Coelho in California's crusading Fresno...

Author: /time Magazine | Title: The Presidency: The Ethics Monster Rages | 5/29/1989 | See Source »

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