Word: five
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Dates: during 1990-1990
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...movement to get citizens in the habit of conservation thrived during the late 1970s, but fell by the wayside after the last oil shock ended. At Harvard, for example, electricity and steam heat consumption in the houses and dormitories has increased by 17 percent in the last five years. Rejuvenating the conservation movement should be a top national priority, and I wish the Environmental Action Committee the best of luck...
...drug war's high command. When he resigned as director of the Office of National Drug Control Policy three weeks ago, Bennett proclaimed that success, while not yet achieved, was in sight. He contended that his original goal of cutting drug use in half by 1999 could be achieved five years sooner if the federal, state and local governments maintain their current efforts...
...sentence was by far the stiffest jail term in a five-year federal crackdown on securities fraud that has so far netted a dozen major convictions. The big fish included Wall Street speculator Ivan Boesky, who was fined $100 million for insider trading in 1986 and sentenced to three years in prison (he served two). As a condition of his plea bargain, Boesky helped prosecutors pursue Milken...
Some legal scholars were as shocked as the defense team by the length of the jail time. "Wow! I'm surprised," said Harry First, a New York University law professor who specializes in white-collar cases. "I was expecting five years just based on what other people have gotten." Declared Columbia law professor Harvey Goldschmid: "The message being sent is that you've got to play within the rules of the game. White-collar crime will be taken seriously and sentenced in a serious...
Three weeks ago, in one of the largest claims ever against a mutual fund operator, officials in New York and Massachusetts filed fraud charges against First Investors (assets: $3.5 billion) and a total of seven of its top executives. At least five other states may follow suit. "These were the junkiest of the junk bonds, yet investors who asked specific questions about them were lied to," says New York Attorney General Robert Abrams. "We've handled many fraud cases before, but nothing approaches the scale of what we see here. This is heartrending...