Word: juggernauts
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Trump's search for cash is proving painful because the economic conditions that fueled his juggernaut have changed sharply. The slumping Northeast economy has undermined real-estate values, so that many of Trump's properties are worth far less than he estimated when he borrowed against them to make other purchases. Real-estate experts believe that if Trump were to sell the Plaza Hotel, which he bought in 1988 for $400 million and spent at least $25 million refurbishing, he could lose millions on the investment...
...pitch too explicit. They are afraid the KGB may make mischief between Washington and Bonn by leaking any cable or memorandum that reveals Americans to be exploiting Soviet anxiety about Germany. There is nothing cryptic about the apprehension of the British, French, Czechoslovaks and Poles as they watch the juggernaut of German unification. The Bush Administration keeps hoping the Kremlin will therefore not object too strenuously as the U.S. helps sponsor the emergence of a new Germany at the center of a new NATO...
Japan: land of the rising yen, unstoppable economic growth and perpetual bullishness. That was the image that emerged in the 1980s, as Japan's financial juggernaut rolled forward with seldom a pause or a setback. The most striking symbol was Tokyo's stock market, which consistently scaled heights that seemed unattainable by any global standard. Property values rose astronomically, yet inflation was virtually nonexistent. The money machine kept churning, as if powered by some magic force, difficult to fathom and nearly invulnerable to financial stresses and strains in the rest of the world...
Right-to-life advocates denounce what they call the "pro-death juggernaut," a shifting of public opinion on death and dying that is affecting not only private decisions but also public policy. Forty states and the District of Columbia have living-will laws (see box) that allow people to specify in advance what treatments they would find acceptable in their final days. In January, a New York State Supreme Court justice ruled that a family did not have to pay about two years' worth of $172-a-day fees for tending a comatose patient after they asked to have...
...posts. One area of expertise Morgan has brought to Japan is cross- border merger advice, a field in which the company ranks No. 1. Morgan is also prominent in Europe, where it completed $20.5 billion in cross-border bids last year. Yet Morgan avoids coming on like a Yankee juggernaut, preferring instead to work within the old-boy networks favored by many European executives...