Word: millions
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Lawrence Taggart. The top thrift regulator in California in 1983 and 1984, Taggart allowed Keating to transfer $800 million in Lincoln's assets to high- risk investments. A month later he resigned from the government to become head of a Keating-controlled enterprise, TCS Financial Inc. Immediately Keating poured nearly $3 million into the business, wiping out the debt of the financially ailing firm. A friend of then FHLBB head Edwin Gray, who became his bitter enemy, Taggart wrote to Don Regan in 1986, calling Gray a "re- regulator" who was having a "very adverse impact on the ability...
...repairing the physical destruction is only the beginning; next comes the damage control. Dec. 15 marks the start of the high tourist season, and if tourists do not come back, neither will the islands. More than 10 million visitors came last year, leaving behind $7.3 billion. After Hugo, cancellations poured in, even for destinations not touched by the storm. "Part of our problem is fighting people's terrible knowledge of geography," says John Bell, executive vice president of the Caribbean Hotel Association. "There were groups dropping out of trips to Aruba and Barbados, which were hundreds of miles from Hugo...
...homeless and to relief workers who had come to help. Four Seasons Hotels sent 27 tons of food, medicine, clothing and chain saws to Nevis, where its new property is still under construction. Cruise ships in St. Thomas ferried stranded tourists out and supplies in. Despite about $10 million in damage, the luxury Virgin Grand resort on St. John was turned into a rescue center by general manager Jim St. John. In all he served about 15,000 meals, provided showers and transformed $595-a-night rooms into a health clinic that has treated more than 1,000 people...
...fair number of businessmen, at least, are willing to bet that she's right. Ritz-Carlton is proceeding with plans for a $140 million hotel on St. Croix scheduled to open in late 1992. Great Pond Bay Resorts just won approval for a $250 million project with 350 hotel rooms and 600 condos. If the islands all do struggle back, it may be because in the end Hugo could not destroy what most people come to the Caribbean to find. It could not make the sea less bright or the sun less clear, or bestir the starfish or break...
...Salvador of six Jesuit priests has caused such outrage in Washington that Congress is suddenly talking about reducing U.S. aid if the Cristiani regime does not conduct a thorough investigation. Last week the House of Representatives narrowly blocked a Democratic proposal to hold back 30% of the $85 million in U.S. military aid to El Salvador this year. The events of the past two weeks also underscore U.S. intelligence failures, most notably the now apparent undercounting of the F.M.L.N. forces. Judging by the scope of the rebel push, Washington officials concede that there are considerably more than the estimated total...