27 OCTOBER 1990, page 17

The Pain Has Just Begun

James Bartholomew foresees an unhappy ending to Mrs Thatcher's fairy-tale rescue by the ERM NOT all that long ago, the Exchange Rate Mechanism was widely regarded as the happy......

Who's Running The Racket?

Gordon Crovitz on the judicial hounding of Michael Milken New York IT IS fitting that the finale to the persecu- tion of Michael Milken, the junk bond king, should be a last act......