Word: tapes
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...crazy to learn anything from. Frances is not merely an overdemanding mother but a near psychotic whose fevered outbursts ("How dare you mention Las Vegas in this house!") would be gag lines in any other TV show. Her "good" son Marc is fixated on movie cameras and tape recorders; Larry is convinced that nuclear war will break out before his college finals. The relationship between mother and sons has a creepy Oedipal ambiguity. Says Frances to Marc, ominously, as her murder plans start to jell: "You are the only man in the Schreuder family...
Anyone who reads has toured parts of this fun house before. Budd Schulberg and Nathanael West spurned it in novels. Elderly actresses and directors have told gaudy lies to their tape recorders. What Author Otto Friedrich contributes in City of Nets (Harper & Row; 512 pages; $25) is a lucid, darkly funny recounting that threads the loopy stories and the titanic egos into a coherent narrative. Friedrich, a TIME senior writer, clearly cherishes the surreal nuttiness of Hollywood's great days...
...part of his settlement with the SEC, Boesky reportedly had allowed investigators to tape-record his business conversations, which implied to nervous Wall Streeters that more culprits were likely to be snared in the weeks and months ahead. Most intensely watched was the go-go investment firm Drexel Burnham Lambert, which had close ties to Boesky and ranked as Wall Street's leading financier of corporate raiders through high-yield, high-risk junk bonds...
...private contra fund-raising circuit. The National Security Council aide began briefing private groups on Central America in 1983 at weekly sessions organized by the White House Office of Public Liaison, and he was soon in demand among conservative groups nationwide. His remarks in Nashville, quoted from a tape obtained by the Washington Post, were to the Council for National Policy, a group of about 500 influential conservatives including Colorado Brewer Joseph Coors, Texas Millionaire Nelson Bunker Hunt and the Rev. Jerry Falwell. "Ollie let you know what is really going on in Central America," says Bradley Keena, political director...
...more boxes to more bars, restaurants and soda shops than any other firm. But in 1979 Seeburg filed for reorganization under the bankruptcy laws. Like its competitors, the company had been hurt by its dependence on 45- r.p.m. records, which today account for only 5% of the record and tape market...