Word: racketeers
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Dates: during 1990-1990
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...there a moral to this event? Only the obvious one: that we owe it to the sanctimonious, inflated racket that the art industry has become. The theft is the blue-collar side of the glittering system whereby art, through the '80s, was promoted into crass totems of excess capital. Sotheby's and Christie's tacitly recognized this last week when, after conferring with the museum board and the FBI, they volunteered the $1 million reward money for the Gardner -- a touching p.r. gesture, like a cigarette company giving money to a cancer ward...
...point, Nastase served with a lacrosse stick. Engel returned the ball, and Nastase quickly picked up his racket and served...
...Armed with the bonds, corporate raiders swiftly raised the money they needed to attack even the largest companies. At the same time, investment bankers raked in billions of dollars by advising the raiders and selling junk bonds to eager borrowers. In what corporate America saw as a glorified protection racket, Drexel and its imitators sold services to targets as well, to help them keep raiders...
...very political how people are assigned to write books, because it's so lucrative," says Charles J. Sykes, author of Profscam and a sharp critic of academia. "It's really quite a racket...
...groups complain that companies that do not want to join may be forced to if competitive products bear the seal. To cover costs, the A.H.A. charges participants hefty fees, ranging from $15,000 to $640,000 annually, depending on a product's market share. "It looks like an extortion racket," says Richard Sullivan of the Association of Food Industries. Consumer groups are concerned because the A.H.A. has not yet made public the amount of fat, cholesterol and salt it considers acceptable. "We don't know whether the standards are too lax," says nutritionist Bonnie Liebman of the Center for - Science...