Word: assets
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Dates: during 1990-1999
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...First, some of the S&L assets are good. For example: the home of David Paul, until recently chairman of Miami's CenTrust Savings. CenTrust is the thrift that it's estimated will cost taxpayers $2 billion; Paul is the man who bought a $13 million Rubens for the bank but hung it in his home for safekeeping. And what a home! I was only allowed to see the guesthouse -- 8,200 sq. ft. -- which the real estate agent thought was unoccupied. Instead, we found toddlers downstairs with a nanny and, upstairs, a freshly unmade bed with a large...
...during the Carter and Reagan administrations probably encouraged kidnaping. It seemed to pay -- and handsomely. George Bush's policy of waiting out the kidnapers may at last be convincing some of the state sponsors, if not yet the captors, that the hostages have become a liability rather than an asset. There is nothing to be gained by holding them longer and perhaps some profit in letting them go. Fundamentally, though, the hostages' fate depends less on anything the U.S. does than on the changing dynamics of Middle Eastern politics...
...rooted not only in overleveraging but also in a 1978 overhaul of the bankruptcy laws that strengthened the hand of ailing companies in negotiations with their creditors. The changes permitted bankrupt firms to restructure their finances and return to business without struggling through pitched court battles over every asset. Explains David Post, executive director of the Turnaround Management Association, a North Carolina-based trade group: "1978 said that if you can achieve an agreement with a majority of your creditors, the court will allow you to reorganize" without satisfying all of them...
Being unpretentious is the Tasty's primary asset, says Drapeau. "In here we have a good time. We won't let [the customers] read books--we tell them we have a deepseated fear of being thought of as a coffeehouse...
...pratfalls of the traveling press, sucking on Callard & Bowser butterscotch squares for his strained larynx, and showering the floor with the devoured pages of the day's newspapers. All the while a comely stewardess rubbed Frances Fox tonic into his luxurious shock of hair, a zealously tended political asset...