Word: managua
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...Fernando earthquake that killed 64 people and wrought more than $500 million worth of damage. Greenspan has missed the mark before; he has thrice predicted San Francisco earthquakes. Still, between the eerie San Fernando prognostication and the grisly events in Managua, Nicaragua, Bay Area dwellers entered the New Year preoccupied by some sobering thoughts...
...Managua, Nicaragua is a beautiful...
...MANAGUA was never quite as idyllic as the pop hit of the postwar 1940s made it out to be. Until last week, Nicaragua's capital (pop. 400,000) was a city of sharp contrasts: of wood and tin shacks in the crowded downtown slums, of office towers and modern middle-class apartments along Avenida Central, of sprawling homes and haciendas owned by the rich atop the low volcanic hills on the city's outskirts. As Christmas 1972 approached, the main preoccupation of the city's relaxed, resilient and notably hospitable people was the 20th Amateur Baseball World...
...maximum of $28 a share, or a possible total of some $140 million. The rest of Toolco's divisions will be massed under a new umbrella organization called the Summa Corp., presumably for the Latin word meaning highest. The billion-aire-in-hiding, who is reportedly living in Managua, Nicaragua, was expectably silent on his reasons for the sale. Hughes' ex-Financial Adviser Noah Dietrich speculated that "he needs cash" to shore up his Nevada gambling interests and the Hughes Airwest airlines, both hard hit in the recession. Hughes may also need a reserve against the pressure...
Hughes may need cash for a new venture rumored to be in the offing. Last July, he bought 25% of the stock of Nicaraguan Airlines, apparently with the intention of developing an international air-cargo enterprise from a base in Managua. If so, the financial phantom may only be exchanging his long-coveted crown jewel for an old love, aviation...