Word: 80s
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Milken's junk bonds remained innocuous until the mid-'80s, when he began using the securities to raise mountains of money for hostile takeovers. In fact, the preferred opening salvo of corporate raiders became the dreaded letter from Drexel in which the firm stated it was "highly confident" of coming up with the necessary cash. In some cases, like T. Boone Pickens' failed bid in 1984 for Gulf Oil, Drexel charged a hefty fee for lining up money that it never had to deliver. But in many other raids, including Ronald Perelman's 1985 takeover of Revlon, Milken raised billions...
Even if the present court is not willing to overturn Roe, time may be on the side of the pro-lifers. Three of the Justices who voted with the proabortion majority in Roe are now in their 80s. Antiabortion forces are betting that George Bush will continue Ronald Reagan's policy of appointing Justices who are sympathetic to conservative causes...
...house," she said. "He's a nice boy. A doctor. But he's 38, for goodness' sake." The answer, of course, is to find that nice doctor a bride. And that is exactly what Heather Stern is in business to do: she is a matchmaker, '80s style...
EASTERN STANDARD. Insider trading, bag ladies, AIDS and the excesses of nouvelle cuisine -- everything '80s gets skewered, then sentimentalized, in a deft off-Broadway satire...
...proponents expect its impact to rival that of Proposition 13, the 1978 California initiative that set off a coast-to-coast fight against high property taxes. "The genie is out of the bottle," says Harvey Rosenfield, 36, the author of Proposition 103. "This is the taxpayer rebellion of the '80s...