boesky bought the stock before it went up, shared the profits with milkens firm, but milken betrayeded $6.5 million more at the clients' expense. >> authorities are worried that further disclosures resulting from the boesky affair may weaken public confidence in financial markets and weaken the markets themselves. >> just came from inside. it looks like a mad house. >> i guess the bull market's over. >> it's a blood bath down there. >> they're calling it the monday massacre. the worst drop in history. >> i call it the nearest thing to a meltdown i ever want to see. >> by the closing bell, the dow jones industrial average was down more than 500 points. >> this is a crash people hadn't seen since the great depression. no one had seen the stock market fall that quickly, that fast. >> paper losses of more than $500 billion. october 18, 1987, wall street's black monday. >> that crash was one of the first signs of how dangerous this new era could be. that what the market had given, the market could take away and take it away really, really quickly. >> there's only two emotions on wall stre

americanof a milken -- military occupies -- ranging from cooking demonstrations to also fashion shows. invitedvited ok now -- okinawa women. american home economists, you can see the first one on your left. they were dispatched from michigan state university. [inaudible] --ond the university hanoi also became very important. 1961, hawaii also became involved in the occupation. quite a few okinawa traveled from okinawa to hawaii to receive training in industrial sewing, commercial dining, cosmetology, and tourism and hospitality, under the supervision of an american woman who had previously served as home economist in the philippines. so, during the occupation, women's to mystic activities, -- domestic activities flourished across the pacific. subsuming the violent contours of foreign military domination into relentless, nonstop talks and practices all centered on the home and homemaking. then reimagining the occupation as a moment of women to women transnational encounter involving women of varieties of racial and national background. today, i presentation won't speak about war brides

to decisions from the 1970's that i want to speak about -- milken versus bradley decision from 1974 and the san antonio independent school district versus rodriguez decision. they were considering introduced it -- intra-district busing and it becomes clear to the district court that it's going to be impossible to have meaningful integration in the metropolitan detroit without having intra-district busing. that is to say suburban detroit and urban detroit be integrated. it's a lot of hatred directed toward judge roth directly. people had bumper stickers on their cars that said roth is a four letter word. even roth is a child molester. in a 5-4 decision, the court invalidated judge roth's decree. it was decided days after brown's 20th anniversary. it was an incredibly difficult moment for justice marshall to anticipate and because he viewed it as i'm undoing brown in a significant way. he said it marked an enormous step backward and said that our nation would be ill served by the court's refusal to remedy separate but unequal education for unless our children begin to learn together there

no one better to do that then william lee of the milken institute.s day at bloomberg. ♪ francine: welcome back. this is "bloomberg surveillance." at glencore, the world's biggest commodity trader said it would buy back as much as $1 billion of its own shares. this is amid attempts to soothe investor concerns after the group was hit by a u.s. department of justice probe that wiped out $5 billion of its value on tuesday. in the aftermath, glencore since rose 4.7%, the most april. herroget back to david with harris associates. what will happen to glencore? david: this will probably take some time. keep in mind, glencore is involved in some very sticky areas of operation, mining in africa, mining and south america , and so they are looking into some of these practices. i think glencore has been very careful. they are experienced to follow rules and regulations of global trade and business. every now and then, there may be some stray person who did something wrong. i personally think the market reaction was a bit abrupt, $5 billion decline in share price