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...chief defense lawyer Arthur Liman may have blundered in his insistence that Milken's crimes were merely technical ones, even after the financier pleaded guilty last April to six of 98 counts of securities violations and agreed to pay a record $600 million in fines and restitution. The defense tactic helped precipitate an unusual two-week presentencing hearing that showed Milken's operations at the now defunct Wall Street firm Drexel Burnham Lambert to have been riddled with unlawful activities. Significantly, the new testimony did nothing to refute the government's claim that Milken had encouraged Drexel employees under...

Author: /time Magazine | Title: A Stiff Term for the Wizard | 12/3/1990 | See Source »

With its legendary aggressiveness, Laventhol accrued a record haul of $345 million from 50 offices across the country in fiscal 1990. But size was its demise. "In their quest for rapid growth, they took on some clients that they shouldn't have," says Arthur Bowman, editor of Bowman's Accounting Report, a trade newsletter, "either in industries that they didn't understand or clients who were running very risky ventures." But if the 360 Laventhol partners are licking their wounds, its 3,400 remaining employees are left with even less: job hunting in the emaciated financial industry. Some...

Author: /time Magazine | Title: BANKRUPTCY: Laventhol's Number Is Up | 12/3/1990 | See Source »

...young independents who organized the epochal Armory Show in 1913 -- Arthur B. Davies, George Bellows, Walt Kuhn and others -- made sure that Ryder was the only American to share its central galleries with the new European masters: Matisse, Gauguin, Cezanne, Van Gogh. "There's only Ryder in American painting," remarked Kuhn. "No artist ever used more of the vital energies of the imagination than Ryder," wrote Marsden Hartley in 1936, "and no one was ever truer to his experience . . . One finds his elements so perfectly true that even the moon herself must recognize them if she had time to look...

Author: /time Magazine | Title: Art: America's Saintly Sage | 11/26/1990 | See Source »

...with almost intimate accuracy. Our advertisers, in fact, have used this printing capability to send personalized messages to our wide range of subscribers. Might some suspicious types think that our cover artwork, rather than springing full blown, as it did, from the fertile design keyboard of deputy art director Arthur Hochstein, had roots in some commercial impulse to show off our technology to advertisers...

Author: /time Magazine | Title: From the Publisher: Nov 26 1990 | 11/26/1990 | See Source »

Consider the case of Arthur Hettler III, a once energetic high school principal from San Antonio. At first Hettler thought he had just a mild case of diabetes. He required no medication to control the excess blood sugar caused by the disease; instead, he watched his diet as carefully as he could. Then, two summers ago, Hettler strolled barefoot across some sun-scorched pavement and blistered his feet. Ominously, the blisters on his right foot refused to heal. A few months later the foot was so badly infected that it had to be amputated. Shortly before Christmas, Hettler, 47, suffered...

Author: /time Magazine | Title: Health: Diabetes A Slow, Savage Killer | 11/26/1990 | See Source »

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