Word: deale
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Dates: during 1980-1989
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Critics assailed Yalta as a sellout. Even George Kennan, then a top State Department official, denounced the West's refusal "to name any limit for Russian expansion and Russian responsibilities." But Charles Bohlen, assistant to the Secretary of State and one of the designers of the deal, called such criticism naive. Neither Britain nor the U.S. had any way to coerce Stalin, he argued, and "either our pals intend to limit themselves or they...
...many Americans the deal was an unsettling reminder of the decline of ^ U.S. financial dominance and Japan's simultaneous rise. Connecticut's Democratic Senator Joseph Lieberman cited the transaction as evidence that the U.S. must redouble its efforts to become more competitive. Said he: "This year when they turn on the lights of that Christmas tree in Rockefeller Center, we Americans are going to have to come to grips with the reality that this great national celebration is actually occurring on Japanese property...
...Rockefeller Group deal is designed to diversify the holdings in the trusts that John D. Rockefeller Jr. created in 1934 for his heirs. As the Manhattan real estate boom swelled the value of the Rockefeller Group's properties from 25% of the trust's assets a few years ago to 50% today, trust administrators saw the need to spread the money around...
...deal was the second to diversify Rockefeller holdings since 1985, when the group issued a $1.3 billion mortgage on Rockefeller Center to outside investors. The mortgage holders can convert the loan into a 71.5% equity stake in twelve of Rockefeller Center's buildings in the year 2000. If the holders execute that option, Mitsubishi Estate's ownership in the storied center will slip into minority status -- and any fears that the towering Christmas tree in Rockefeller Center will be replaced by a tiny bonsai plant in Mitsubishi Center will prove to have been misplaced...
...eradicate. You want a child's first experience in learning to be satisfying." He thinks kindergartens should de-emphasize early exposure to the ABCs and concentrate on what he calls an "emotional competence curriculum," meaning one that teaches children such social skills as how to share and how to deal with their feelings...