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...northern edge of the Soviet Union is particularly nettlesome) until they get them right. Creative use of mnemonics helps. "Beware of hot gorillas eating nitrates casually, pop" is code for the Central American countries of Belize, Honduras, Guatemala, El Salvador, Nicaragua, Costa Rica and Panama. Smith leavens the work load with games like geography baseball, in which a home-run problem might be: name the 15 Soviet republics. Later in the year, it would become: name each of their capitals. Slowly, the contours of the world come into focus...
Trump, who has a ten-day grace period to make his bond payment, may be trying to increase the pressure on his bankers in their negotiations to restructure his $2 billion debt load. Four major New York City banks have already agreed on a proposal that would extend him an additional $60 million to meet payment deadlines. But some of the smaller New Jersey banks reportedly balked at the terms because they felt they were taking on too much risk under the new arrangement...
...Bush Administration's bailout has been moving quickly. The Resolution Trust Corp., which is responsible for liquidating and selling off insolvent thrifts, has closed or sold 96 since the beginning of April and expects to handle another 45 by the end of this month. But the RTC's work load keeps growing; the CBO estimated last week that as many as 1,700 thrifts in the U.S. may collapse, more than half the S&L industry. The RTC has only enough money to deal with another 120 institutions at best. After that, the cleanup will come to a halt unless...
...sitnov, First Hubby may be about three bricks shy of a load, which is the title of one of Roy Blount Jr.'s amiable volumes of uptown down-home humor. Still, Blount is good company whatever he's writing, even if his puns ("Li Pung lizards!" as a comment on Clementine's China policy) hit the wall and dribble down like tossed eggs. And even if some of the jokes are merely gags (he wants to make love, she has a headache, he's hurt, and she says no, a political headache: she has to fire the Defense Secretary). That...
...gilded Trump Tower in Manhattan, the brash developer and his lieutenants barricaded themselves behind closed doors last week to meet with a phalanx of worried lenders. Officials from four major banks, who have extended an estimated $2 billion to the developer, are negotiating with Trump to reduce his debt load by stripping down his empire. Investors who hold more than $1 billion in junk bonds that Trump issued to finance his three casinos have seen the market value of their securities plunge by as much as 50%. Bondholders of two Atlantic City properties, the Trump Castle and Trump Plaza Hotel...