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TIME: Almanac 1990s
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1994-03-25
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<text id=89TT0241>
<title>
Jan. 23, 1989: American Notes:New York
</title>
<history>
TIME--The Weekly Newsmagazine--1989
Jan. 23, 1989 Barbara Bush:The Silver Fox
</history>
<article>
<source>Time Magazine</source>
<hdr>
NATION, Page 29
American Notes
NEW YORK
Giuliani for . . . Well, What?
</hdr><body>
<p> Cheers rang out over the Beverly Hills junk-bond trading
floor of Drexel Burnham Lambert at the news coming over the
brokerage firm's wire. Jubilation also reigned among most New
York Republicans, and quite probably in Mafia hangouts as well.
Rudolph Giuliani, famed prosecutor of Wall Street manipulators
(Drexel, Ivan Boesky), mobsters (the Colombo family) and
corrupt politicians (former Bronx Democratic leader Stanley
Friedman), announced that after 5 1/2 years as U.S. Attorney for
the Southern District of New York, he would resign at month's
end. Gotham Republicans, a tiny band of inveterate losers,
delightedly anticipated being able this fall to field a
candidate for mayor who might actually have a chance. Giuliani
coyly remarked that "I have not shut the door on the
possibility," and incumbent Edward I. Koch, who has been hurt
by Giuliani's prosecutions of corrupt henchmen, allowed that
the 44-year-old prosecutor would be a "very formidable
candidate." Alternatively, the politically untested Giuliani
might elect to follow in the footsteps of crime buster Thomas
Dewey a half-century ago and run for Governor against Democrat
Mario Cuomo next year.
</p>
</body></article>
</text>