Word: cards
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Looming on the horizon is November's Reagan-Gorbachev summit in Geneva, where the Soviet offer of a test moratorium could become an important Soviet trump card if the U.S. has made no further moves by then. Already, Reagan is suggesting that he might be amenable to a "permanent moratorium" after the next round of U.S. tests. But his advisers are hedging. Said National Security Council Spokesman Edward Djerejian: "We are not proposing any new initiative...
...felt that knowledge of America's new weapon would make the Soviets "more manageable." Secretary of War Henry Stimson, perhaps the most respected U.S. statesman of the century, was wary of using the Bomb as a diplomatic bludgeon, but even he referred to it as a "master card" in Washington's dealings with the Kremlin...
...visiting dignitaries did step out from time to time. Nicaraguan President Daniel Ortega Saavedra, shod in Adidas, alighted from his silver sedan to jog in Central Park. He also stopped at Cohen's Fashion Optical to buy, using a credit card, $3,000 worth of eyeglasses for himself and his family. Zaïrian President Mobutu Sese Seko rented two Amtrak club cars loaded with caviar and champagne to take his entourage of 50 people to Washington and back (cost: $9,800). Outside the U.N., West German Chancellor Helmut Kohl had to be snatched from the path of an onrushing...
...near legendary windfall was made in a public offering by William Simon, Treasury Secretary in the Nixon and Ford Administrations. In 1982 a Simon-led group of investors put up $1 million of their own money and borrowed $79 million to buy the Gibson greeting-card company from RCA. They turned Gibson into a private firm and reorganized its operations. Then, just 18 months later, they sold $290 million worth of the company's stock to the public. Simon alone earned more than $15 million and wound up holding shares in Gibson worth about $50 million...
...infrequent. Mostly he catalogs childhood sights and sounds: his dog Pinky, knickers and knee socks, a backyard igloo in winter, a beach in summer. Occasionally his mother Rose breaks into the narrative to complain about her respectable poverty, her husband's failure as a businessman, his card playing and carousing. Dave Altschuler is part owner of a music store located in Manhattan's Hippodrome theater. He may not be the city's most aggressive merchant, but even Lee lacocca would have had a hard time making it during the Depression...