Word: auto
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...seafood restaurant in Orange, compares the mood to "gold-rush fever." Says Stockbroker Trevor Spruston: "The atmosphere challenges everyone's drive." It also encourages second starts, says Alan Rypinski. He made one fortune producing a protective coating for vinyl and rubber called Armor All, stumbled financially with an auto boutique and a fast-food spaghetti business, and is now trying to pile up another bundle selling a product that removes wrinkles from fabric. Says Rypinski: "It's pretty easy to recover. There's so much going...
...becoming hooked on the inflow of money from such lenders. Japanese banks buy some 25% of all U.S. Treasury bonds. Says one European banker: "They are the ones who are funding the U.S. budget deficit." Ironically, Michigan, where the auto industry has been battered by Japanese imports, was saved from a budget crisis in 1982 when the Mitsubishi Bank agreed to guarantee $500 million worth of the state's bonds. Almost no project is too large or too small for the yen-laden financiers. Last year the Bank of Tokyo lent $5 million to a group of New York developers...
...wasn't a movie, but it probably will be. As he told it, Heinz Braun, an East Berlin tire salesman, last week painted his auto to resemble a Soviet patrol car, dressed himself and three mannequins in Red Army uniforms, and coolly drove through a Berlin Wall checkpoint to West Berlin. Wolfgang Quasner, 45, a West Berliner who claims to have helped more than 1,000 East European refugees in the past 20 years, identified himself as the mastermind. % Quasner said he and confederates photographed Soviet army patrols and then had uniforms made. They smuggled the mannequins and attire...
...facility at the same time on both nights. Another important tip came from an accountant vacationing in Florida who had overheard a revealing conversation about Captain Midnight at a pay phone. He took down the caller's license-plate number and gave it to the authorities. The auto was linked to MacDougall...
According to insiders at Chrysler, the chairman stands a good chance of bucking the company's tradition of retiring executives at 65. With perhaps another decade of wheeling and dealing in the auto business ahead of him, Lee Iacocca might simply be enjoying himself too much to run for President...