Word: miami
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More expensive than Miami real estate and priced three-to-eight times higher than property in the rest of the Panamanian market, the Trump Ocean Club is partially financed by a $230 million bond offering from Bear Sterns. That bond is now being handled by JP Morgan following the collapse of Bear Sterns in the 2008 global financial crisis. "Without Trump, we would have lost our shirt," Khafif admits. Since then, more than 2,000 construction workers add a new floor each week, silencing many of the earlier skeptics who claimed the project would never get off the ground...
...Taiwan case, according to the U.S. indictment, Portillo took three checks in 2000 from the Taiwanese government that were earmarked for Guatemala's Libraries for Peace program and deposited them in an account at Hamilton Bank in Miami that was held by a political supporter and friend. He then allegedly wired a chunk of it to an account at Washington-based Riggs Bank and later to a Paris bank account jointly held by his daughter and ex-wife. Portillo was indicted in New York City because some of the banks and branches he allegedly used were located there...
...rival's grooming habits would become an issue. Last week on Fox News, Crist blasted his surging opponent in the August Republican primary election, former Florida house speaker Marco Rubio, for having used a GOP-issued American Express card for personal purchases, including $133.75 spent at a deluxe Miami barbershop. Rubio is "trying to pawn himself off as a fiscal conservative," Crist said. "And yet he had a Republican Party of Florida credit card [and] he charged $130 for a haircut, or maybe it was a back wax. We are not sure what all he got at that place...
...Crist's strategy has focused on debunking Rubio's credentials - not only as a fiscal conservative but as the kind of scrupulous antipolitician the Tea Party movement gushes over. Crist's campaign points to the $250 million in pork-barrel spending Rubio ushered into his Miami district from 2000 to 2008, and the recent revelations of Rubio's American Express purchases have sparked charges of hypocrisy. From 2005 to 2008, Rubio racked up thousands of dollars in personal charges on his GOP AmEx, from the upscale barber to musical equipment, despite party and IRS rules that require the card...
...desperate-looking attack ads, say many Florida political experts, Crist should emphasize a gubernatorial record that's more Republican-friendly than his foes admit. "Crist did preside over one of the largest tax reductions in Florida history," says Sean Foreman, a political scientist at Barry University in Miami, referring to Crist's multibillion-dollar property-tax cuts. "He needs to define Rubio, but he also needs to define himself better, especially his experience vs. Rubio's lack of it. If he does that, I still think Crist hasn't lost this...