Word: dam
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Dates: during 1980-1989
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...firm has been involved in some of the past decade's worst calamities: the collapse of Idaho's Teton Dam in 1976 (eleven dead, damage $1 billion), the huge fire at the MGM Grand Hotel in Las Vegas in 1980 (85 dead, hundreds injured), and the collapsed skywalks at the Kansas City Hyatt Regency Hotel in 1981 (113 dead, 186 hurt). Robins Zelle's latest big victory came last fall with an estimated $38 million settlement for 199 clients injured by the Dalkon Shield...
...straight arrow with several bent feathers, into risking all their capital on this trundle into self-discovery. Their itinerary, compared with that of their role models, is truncated and painfully mainstream. It consists largely of Las Vegas, where she loses their nest egg in a night, and Hoover Dam, where they have a marital wrangle the scope of which matches the backdrop. But never mind this minimalism. Brooks (who directed Lost in America and co-wrote it with Monica Johnson) is a shrewd, deadpan observer of the secret life of middle-class Americans. He likes to bring their dreams...
...University of Minnesota dropout, Jacobs started working full time in 1959 for his father, a Russian immigrant, who ran a gunnysack business. In the mid-'60s the company flourished, selling sandbags used to dam floods along the Mississippi. Jacobs early showed a trader's instinct, buying merchandise at business liquidation sales and reselling it. At 18, he got 300 pairs of skis at a U.S. Customs auction for $13 a pair, then sold them right outside the auction hall for three times as much...
Mubarak was clearly elated over his triumph. In August the Egyptian President accused Gaddafi of mining the Red Sea and in October of plotting to blow up the Aswan Dam. In neither case, however, did he have solid evidence. But this time, said a Western diplomat in Cairo, "the Egyptians hooked him. He swallowed everything before they hauled him in." British officials are skeptical of the whole affair, and government sources in London have suggested that Egypt has gone slightly overboard in its version of what occurred...
...Once the dam cracked, it crumbled, and the flood was on. It became an everyday event for one or two lead banks in the U.S. or Western Europe to round up dozens of partners by telephone to put together so-called jumbo syndicates for loans to developing countries. Some bankers were so afraid of missing out that during lunch hours they even empowered their secretaries to promise $5 million or $10 million as part of any billion-dollar loan package for Brazil or Mexico. To seal and celebrate big deals, bankers staged signing ceremonies, complete with champagne and caviar...