Word: bonding
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Cash-strapped Donald Trump surprised all the experts last December when he came up with an $18.4 million bond payment on his Trump Castle casino in Atlantic City. At the time, Trump explained that the casino got an infusion of a "relatively small amount of money." Relative is right. The Wall Street Journal reported last week that Trump's 85-year-old father Fred, a megarich developer based in Brooklyn, dispatched a lawyer in December to buy $3 million worth of chips at Trump Castle, in effect giving Donald a loan. Last week the younger Trump would acknowledge only that...
Ronald Brownstein's The Power and the Glitter is a history of the relationship between Hollywood and Washington. But Brownstein does not really mine the mythological and sociological bond between the two cities. Instead, he recounts the times that Hollywood and Washington have intersected on affairs of state and of the heart. His research suggests that while Washington occasionally flirts with Hollywood, Hollywood has long been an unrequited suitor in the corridors of power. In the end Brownstein's book is less a history of the connection between Washington politics and Hollywood dazzle than a diligent and readable survey...
...Reagan years. The doomsayers seem to be savoring the chance to put priorities straight. "When the stock market crashed in '87, people thought the party was over -- the bar was still open but the band went home," says a young financier who has been laid off by the junk-bond department of a New York City investment bank. "Well, now the bar has closed...
While Kuwait's investments bring in about $20 million a day, the economy-in- exile is driven by another engine as well, the Kuwait Petroleum Corp., the world's 12th largest oil company. From its London office on New Bond Street, KPC and its subsidiaries own and operate a fleet of tankers, oil and gas exploration companies in 22 countries on five continents, and 6,500 Q8 gas stations situated throughout Europe...
...Rubin, 35, an assistant in the office of Manhattan borough president Ruth Messinger, has grown his hair for a year, partly, he says, "because it was practical." It was also his way of keeping alive the Age of Aquarius. While Michael Aymar, 32, was on Wall Street as a bond trader, he kept his hair short, following an unwritten code. But last year, yearning for his student days, he asked his bosses at an ad agency if there was a policy on hair length. He got no reply, and today his ponytail is 4 in. long...