Word: stake
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Dates: during 1980-1989
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Much is at stake as the powerful flow of narcodollars is recycled through the world's financial system. Drug lords and other lawbreakers are believed to be buying valuable chunks of the American economy, but clever Dutch sandwiches and other subterfuges make it almost impossible for U.S. authorities to track foreign investors. A case in point: blind corporations based in the Netherlands Antilles control more than one-third of all foreign-owned U.S. farmland, many of the newest office towers in downtown Los Angeles and a substantial number of independent movie companies producing films like Sylvester Stallone's Rambo pictures...
Edelman got a taste of his own tactics last September, when Manhattan lawyer Martin Ackerman launched a proxy war for Datapoint. Edelman responded by entrenching himself more deeply. In a two-day blitz of stock buying, Edelman boosted his stake from 10% to 40%, largely by purchasing stock with cash from Intelogic Trace. Edelman won, but pride had its price: Datapoint shares have fallen an additional 25% in value...
...hostile, he now prefers to stalk European game. Yet his magic touch is fading. In June, Edelman made a failed bid for Storehouse PLC, a British retailing giant. Since then Storehouse's profits and stock price have plunged, wiping out some 35% of the value of Edelman's stake...
Jakes's humiliation within the party began on July 17, when a videocassette circulated among rank-and-file Communists that showed Jakes berating an assembly of provincial party chiefs for failing to implement his directives. With characteristic ineloquence, he scolded his underlings for leaving him "standing like a lonely stake in a fence." Says a Prague journalist: "Jakes was turning into a party joke...
Thus, considerably more was at stake in the referendum than the $3 billion spent each year by the military. One survey by the Lausanne-based research institute MIS showed that only 15% of voters really wanted to get rid of the army. The rest wanted the army reformed and defense spending trimmed, a clear- cut result of lessening East-West tensions...