Word: looted
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...released in May), playing gigs (about 225 concerts a year) and opening clubs (he licensed his name to a Gilley's that is slated to open this fall in Dallas). All this from a man who could have walked away from the business years ago with plenty of loot. "Until my health fails and people quit coming to hear me--as long as I can go out onstage--I'm going to continue working," says Gilley...
...airline industry, overseas fares came tumbling down. As air traffic grew, hotels were built at a far quicker pace than before. Asian tourism boards launched huge, well-funded publicity campaigns, and Western travel media obliged with extensive coverage. In the 1990s, as the stock-market bubble unloosened discretionary loot for workers in virtually every economic bracket, long-haul travel took off like a rocket. According to Rob Langtry, a P.R. consultant who was advising the Indonesian government at that time, "annual growth in the upper teens got to be taken for granted...
That said, my return to Gracanica was not without some cool Papal loot including a guidebook to Catholicism in Bosnian, a bona fide Bosnian flag and a bright yellow hat decorated with pictures of the Pope. Sunny as it was, I thought about wearing this hat into Gracanica before realizing the emblem would not likely sit well in a town filled with minarets, where vandalizing the old Orthodox Church is a favorite area hobby. The Pope had come on a mission of reconciliation and peace. What I’d seen were fervored Catholic Bosnians waving Croatian flags, a great...
...unique problems of tobacco bonds, which are state-issued debt backed by future payments of tobacco companies as part of a landmark 1998 liability settlement. States including California and New York have issued some $18 billion of these bonds to get their mitts on the tobacco loot now rather than wait to collect it in dribs and drabs over the next few decades. The bonds have always offered a higher yield than similarly rated munis--today, about 5.5% vs. 4.1%--because no taxing authority stands behind them, only a handful of private companies that a lot of folks would like...
...began. But SARS could have an even worse effect, said KLM's CEO Leo van Wijk, as the company reported a fresh 3% drop. British Airways took an even bigger hit, with total revenue down 11.4% and traffic to Asia plunging 25%. Where Did Saddam Hide His Loot? To find money for rebuilding Iraq, some European nations may just want to pop by their local banks. Saddam Hussein's regime has quietly deposited an estimated $6-30 billion across Europe and the Middle East, as illegal kickback money from companies buying Iraq's oil poured in despite U.N. sanctions...