Word: defaulters
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...Sony's disaster drew the harshest verdicts, other Japanese giants have been proving recently that their American investments have suffered from bad oversight, bad calls and bad timing. Last week Mitsubishi, which has an 80% stake in the Rockefeller Group, owner of New York's Rockefeller Center, threatened to default on its $1.3 billion mortgage, taken out five years ago when borrowing was easy. Matsushita, meanwhile, is locked in a struggle with the American executives who run MCA -- the film studio it bought for $6.1 billion in 1990 -- over the Americans' demand for more authority and investment capital. Last week...
...company hopes to renegotiate the $1.3 billion mortgage it acquired in 1989. (That was the heady period when another Japanese firm, the Minoru Isutani Group, acquired California's famous Pebble Beach golf course for $840 million, which it sold at a 40% loss two years ago.) Mitsubishi threatened to default on its loan last week, which some analysts say was a calculated move. "They're figuring out that the way to get the banks to listen to them is to threaten bankruptcy," says a New York real estate analyst...
...seems like a lot of the reason the campus seems so apathetic is because a lot of it is default liberal," says Brian D. Galle '94-'95. "People don't get excited about anything unless they're a minority...
Republicans, however, aren't quite ready to believe that the College is truly "default liberal...
...meet (and mate) with visitors from Toronto and Madrid. Fidel Castro, if only out of shrewdness, has decreed that no school or street may be named after the living (hence Che Guevara is ubiquitous), and insofar as he has developed a personality cult, has done so mostly by default: revealing almost nothing about himself, and letting speculation do the rest. Where North Korean radios are fixed so as to receive only one (government) channel, Cuban radios are, willy-nilly, open to the world...