![]() In the late 1980s, shortly before he was indicted on 98 counts of racketeering and securities fraud, Milken, who was then the most powerful financier in America, helped an upstart casino executive finance his first resort on the Las Vegas Strip. Las Vegas is a city where many otherwise cautious people have discovered many wildly incautious forms of debt, so let’s start with Michael Milken, the junk-bond king of Wall Street. ![]() But all will entertain an immovable idea that when things die, there is someone or something that pulled the trigger. Others will be less trodden and perhaps more speculative. Over the next week at The Ringer, in honor of the release of Woodstock 99: Peace, Love, and Rage, we will explore events that changed the world as we knew it-specifically ones that marked the ends of established eras and triggered the beginnings of then-unknown futures.
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