Word: budapesters
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...around the world are dumping a vast array of state-owned assets onto the open market. This may be the biggest fire sale in history, with properties up for grabs everywhere: in Western Europe, Asia and, most dramatically, Eastern Europe and Latin America. For finance ministers from Brasilia to Budapest, the disposal of publicly owned enterprises has become the great hope for debt-burdened economies...
...belt tightening also includes a tough new travel and hiring policy and the cancellation last February of the afternoon edition of the Times. But compared with those of many papers, the financial constraints are modest. In the past year the Times has opened new bureaus in Berlin, Brussels and Budapest, and has somehow found enough cash to lure talent from national magazines and newspapers...
...takeover battle that led Britain's Department of Trade and Industry to conclude in 1971 that he could not "be relied on to exercise proper stewardship of a publicly quoted company." The rebuff hardly stopped him: his empire embraces more than 450 companies, with interests ranging from dailies in Budapest and Nairobi to soccer teams in Britain and a pharmaceutical house in Israel...
...pressure. He agreed to take noncommunists into his government. Going further, he formally asked the Soviets to leave, announced Hungary's withdrawal from the Warsaw Pact and asked the U.N. to guarantee his country's neutrality. On Oct. 29, it was announced that the Soviets had begun withdrawing from Budapest...
That was just one day after the withdrawing Soviet tanks turned around and rolled back into Budapest. Soviet commanders claimed they were doing so at the request of Kadar, who was actually hiding in a Soviet command post outside the city. Nagy took refuge in the Yugoslav embassy but was later lured out, seized and hanged. After about a month of sporadic fighting, the Hungarian revolt was liquidated...