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...amid Panama City's real-estate explosion, he realized it was too big to be financed without a major-league brand name. Khafif knew that Trump had been in Panama in 2003 for the Miss Universe Pageant, so he asked a mutual friend to set up a meeting in New York. "I know the guy has an ego and likes pretty things and, boom, Panama is exploding. So baby, if there's any right time, this is the right time," Khafif recalls, explaining the spirit in which he approached Trump. (See pictures of Trump and others most likely to succeed...
...email. "It's been amazing for me to see the growth of Panama City first hand." "She's a very intelligent young woman," Khafif says. "Sometimes I think she's even smarter than her dad about certain things." The contract was signed and the project was launched in New York City in 2006 - the same day authorities back in the Latin American nation announced a dramatic $5.2 billion expansion of the Panama Canal. (See a multi-media presentation of Panama's vote on expanding its historic canal...
...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...
...some doubts remain. Eric Jackson, owner of the English-language Panama News thinks that many of buyers in the Trump Ocean Club, which claims it is 90% sold, could be speculators rather than future tenants. "You go around Panama City and look at these new 'sold out' luxury towers at about 8 p.m. and there are hardly any lights on in them," Jackson says. Samuel Taliaferro of the PrimaPanama investment blog agrees. "I have received emails from a number of speculators who never intended on taking possession...
...Helena Star in 1882, "one of which - the Zinfandel Claret - we have rarely seen equaled." Most wine aficionados believe that the 1976 "Judgment of Paris" - the historic blind tasting by French critics who, to their own shock, preferred American entries to French - was the first time the New World beat out Old World wines. But the Franco-Swiss is a reminder that Napa Valley has been holding its own since the end of the 19th century, when American wineries regularly won awards at expositions and fairs from Paris to St. Louis. That momentum, however, screeched to a halt with Prohibition...