Word: investers
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Instead the casinos have sometimes behaved cavalierly -- even arrogantly -- toward their hosts. Under an early, vague requirement that casinos invest in Atlantic City, Caesars Atlantic City Hotel Casino tried to get credit for the $625,000 statue of Caesar Augustus that guards its entrance. Trump promised to build affordable homes in Atlantic City when he bought Resorts International Casino Hotel in 1987. Then last year he sold the casino to entertainer Merv Griffin, leaving Griffin with $925 million in debt. "I gave that obligation to Merv," says Trump now. "He got the debt, and he got the low-income housing...
Tomorrow, however, they'll be watching from the bench. Maybe the Lions should invest in a giant Snake Motel...
Some celebrities invest a great deal of money to protect themselves from their fans. Gavin de Becker, who operates a 100-client security service in Los Angeles, charges those who request full-time protection an average of $225,000 a year. De Becker provides the staffs and publicists of celebrities with 20 pointers to help them screen letters or calls. A direct threat is not necessarily a good indicator of true danger, he says. " 'I'm going to kill you' is as common as a fan letter to many of these people." But, he adds, "it becomes different if someone...
...months. Though China may want to trade, will anyone want to trade with China? As foreigners have fled the country, joint ventures with Western and Japanese firms are frozen. Even before the protests erupted, inflation, corruption and unemployment had put a brake on progress; hesitation by outsiders to invest in China will only exacerbate these problems. Said a senior British diplomat: "First, there is the revulsion factor in the wake of the bloodbath that will keep a lot of Westerners away. Second, there is the question of confidence. Deng built that up, and now it lies destroyed...
...commissions that brokers and commercial banks charge on Treasury sales by purchasing the securities directly from the Government at a Federal Reserve Bank. For many investors, safety is still the ultimate lure. Said a Chicago police officer after buying a Treasury bond last week: "If you invest in the Federal Government, the whole country has to fall apart before you lose anything." Despite the Government's profligate spending habits, most people think it can still be trusted with a citizen's nest...