Word: loaning
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...relatively small amount of money." Relative is right. The Wall Street Journal reported last week that Trump's 85-year-old father Fred, a megarich developer based in Brooklyn, dispatched a lawyer in December to buy $3 million worth of chips at Trump Castle, in effect giving Donald a loan. Last week the younger Trump would acknowledge only that "a group bought some chips, and that's not a totally unstandard thing." According to casino regulators, this would mean they will have to evaluate whoever bought the chips to determine whether the individuals are legally qualified to be investors...
...such vital needs as education, housing and police protection. The cost of two days of fighting surpasses the $937 million that Congress voted last year for aid to the homeless. Meanwhile, demands on the budget are swiftly growing. Treasury Secretary Nicholas Brady warned last week that the savings and loan bailout will require $77 billion more in emergency funds to remain in operation past March of this year...
Recently, Weld has hinted at moving away from providing direct grants to Massachusetts students in favor of a loan-based financial-aid program, Casey says...
...American savers, already reeling from the savings and loan debacle, the banking crisis has inspired rising anxiety about the safety of their money. In a TIME/CNN poll of 1,000 adults surveyed last week by the firm Yankelovich Clancy Shulman, just 7% said they felt very confident about the soundness of U.S. banks, while 59% said they were only somewhat confident or not confident at all. Bigness is not necessarily reassuring: 52% said they had more faith in local banks than in larger ones, while 36% felt safer with their money in major institutions...
...fighting in the Gulf? I'm not sure, but the crisis came along conveniently in the middle of the Savings and Loan scandal--in which the president's son was emerging as a major figure--at a time when the economy was entering a post-'80s hangover, and at a time when there were calls for deep cuts in the defense budget. What I am sure of is that the war cannot be justified...