Word: falling
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Dates: during 1990-1990
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...sobs that shook Michael Milken in Manhattan federal court last week punctuated the most dizzying fall from power in modern Wall Street history. They came as federal Judge Kimba Wood sentenced the financial wizard, whose junk bonds fueled the epic 1980s takeover wars, to 10 years in prison. Said the tearful felon: "What I did violated not just the law but all of my principles and values, and I will regret it for the rest of my life. I am truly sorry...
...that resonates very strongly in American society," says Columbia's Coffee. "It is that the abuse of responsibility by those in high places will be dealt with harshly." The government hopes to make the threat of harsh sentences for white-collar felons the pointed lesson of Michael Milken's fall...
...obvious, like axle seals and cover gaskets. The mechanic will even take the car on a test drive. Armed with the results, the would-be buyer can renegotiate or reconsider. Says Patrick Ludwick, founder and president of the Dallas-based company: "Normally the engine or the transmission doesn't fall out. It's the smaller items that will nickel and dime a person to death." A poll of Ludwick's first 1,000 customers found an average saving of $600 a purchase...
...Jewett said that he was prepared to let the clubs try to comply with the alcohol laws first. He said that the College expressed concern about alcohol use at the clubs to the trustees earlier this fall...
Vacation Watch--After an unusually eventful fall, Dean of the College L. Fred Jewett '57 is finally getting away from it all. This morning, he heads for Melbourne, Australia, and later New Zealand, for a two-month leave of absence. The dean says he is looking forward to his first extended vacation since 1980, but notes that it won't be all fun and play. While on vacation, he says, he plans to continue work on a much awaited pamphlet on the workings of the Administrative Board. Guess a dean's job is never done...