Word: costly
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Dates: during 1980-1989
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...billionaire Donald Trump, who confirmed that he owns 2.8 million shares of Time, or 4.9% of the outstanding stock of the company. At Time's current price, Trump has paper profits of more than $200 million on his holdings, which could go a long way toward the $365 million cost of the former Eastern Air Lines shuttle he acquired last week...
...interview with TIME last week, Davis sought to downplay the debt issue. "We have the ability and the credibility to manage this debt," he said. "Also, it will not last forever. We will bring it down in time." An avowed cost cutter, Davis strongly denied rumors that he would dismantle Time by selling off its magazine operations to reduce the debt. "We are not going to sell anything," Davis said. "We are not bust-up artists." He also said he would maintain the editorial independence and integrity of Time's books and magazines. "Not only will we maintain editorial independence...
...restaurants) or 999 pennies in the case of the ticket (at its 2 1/2% or so on airline fares). The premium you paid for the platinum card, which has an annual fee of $300 a year vs. $75 for the gold card, primarily bought you prestige, the cost of which to Amex is nil. And the baggage insurance -- well, it would be hard to make a case that this is the kind of insurance protection that privileged Americans should not leave home without, but the offer, as always, was compelling. These guys really know how to write a letter...
...safety of both people and the environment. Rancho Seco opponents, however, directly attacked the idea that has helped the nuclear industry win all earlier elections: the proposition that nuclear power is cheaper than conventional power. The Sacramento plant produced only 40% as much electricity as expected, and its output cost twice as much as that bought on the conventional market. One result was a doubling of electricity rates. Said Bob Mulholland, who headed the campaign to close Rancho Seco: "It's the first time the debate over a nuclear plant has focused on economics rather than safety. It doesn...
...Peace laureate of trying to "belittle" the new parliament's achievements. There were also painful disclosures about the dreadful state of the Soviet economy. Prime Minister Nikolai Ryzhkov admitted that some 40 million Soviets, or 13% of the population, live below the poverty level, that the Afghanistan war had cost about $70 billion and that the country's foreign-trade deficit this year will reach $52 billion. (The U.S. foreign-trade deficit last year was $119.8 billion.) In an attack on the economic front, Ryzhkov proposed cuts of almost a third in the military budget until 1995 and the elimination...