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After a year of seemingly endless legal trauma for Drexel Burnham Lambert and Michael Milken, each got unexpectedly favorable news last week. Federal Judge Kimba Wood recommended that the former junk-bond king be eligible for parole after serving only 36 to 40 months of the 10-year sentence she imposed on him for securities violations. Wood based her decision on the financial damage done to investors and companies as a result of Milken's confessed misdeeds, which she calculated to be $318,000, less than a day's pay during Milken's highest-flying years and far less than...

Author: /time Magazine | Title: SECURITIES: On Easier Street | 3/4/1991 | See Source »

Trivia: Enjoys chopping wood at Vermont home...

Author: By Philip P. Pan and Maggie S. Tucker, S | Title: ...And Then There Were Eight | 2/28/1991 | See Source »

With its Regency furniture, rich wood paneling and commanding view of Chicago's skyline, the executive floor of the 110-story Sears Tower is a monument to the company's glorious century as America's favorite store. Now those days are gone. When Sears' 13 directors gathered last week in the spacious, peach-carpeted 68th-floor boardroom, the reports they faced were overwhelmingly bad. A mammoth increase in advertising had scarcely budged sales. Profits were way down. The Christmas selling season was the worst in 15 years. One piece of news especially seemed to mock the setting's regal grandeur...

Author: /time Magazine | Title: Mr. Sam Stuns Goliath | 2/25/1991 | See Source »

Harvard and Radcliffe rowers, both past and present, comprise a sizeable group of the 1000-strong field. Undergraduates are expected to participate, and the event was founded by Gregg Stone '75 and Christopher 'Tiff' Wood '77--both eventual national team oarsmen...

Author: By John B. Roberts, | Title: Crimson Rowers Excel At CRASH-B Sprints | 2/19/1991 | See Source »

Some of the new work is being done on old technology. "The old prosthesis was made of willow wood and was very heavy," says Kyle Scott, director of orthotics and prosthetics at the National Rehabilitation Hospital. "Now we're using polyesters and acrylic resins." Scott designed an artificial foot for Jeff Wycliffe, who had his left leg amputated just below the knee after a motorcycle accident three years ago. With the $7,000 Flex Foot, Wycliffe, 24, not only walks without a limp, but also jogs, bats and plays volleyball and tackle football. In some ways, his replacement foot seems...

Author: /time Magazine | Title: Machines That Work Miracles | 2/18/1991 | See Source »

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