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Dates: during 1980-1989
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...debt the casinos have taken on in the past three years, much of it through junk bonds, either to fight off takeovers or engineer them. Atlantic City's casinos have incurred more than $2 billion in debt, $6 for every $1 of equity. Some analysts say that next year, with the opening of Trump's Taj Mahal, two of the weaker casinos may go under. "If they can't fend for themselves, how can they possibly meet the greater social goal of an urban renaissance?" asks Anthony Parrillo, director of New Jersey's division of gaming enforcement...
...same could be said about present-day Atlantic City, which is, above all, Trump's town, with a Trump Plaza, Trump Castle, Trump Princess and billboards all around the city trumpeting the message YOU'RE LOOKING VERY TRUMP TODAY. When his Aladdin-style Taj Mahal is completed next spring, Trump will control 31% of the city's gaming capacity, 39% of the first-class hotel rooms, 40% of the convention space, 35% of the parking spaces and almost half a mile of frontage along the five-mile Boardwalk. "I'll tell you, it's Big Business," he says, peering down...
...cheap -- respite from arthritis, television and the addicts and prostitutes on her midtown Manhattan block. "I even forget my name," she says. The trip actually costs nothing: in exchange for her $18 Gray Line ticket, the casino refunds $15 in coins plus a $5 coupon off on the next trip...
...require up to 100,000 mechanic-hours for the overhaul of a single 747 jumbo jet. "We've added 3,000 people in less than a year," says Joseph O'Gorman, United's senior vice president for maintenance operations, "and we're looking at another 1,000 in the next six months for the care and feeding of older planes." But that is just the beginning. "As our fleet expands and our service to Europe starts up next year, we're going to need another 1,000 to 2,000 more maintenance people each year...
...Early next month the leaders of East Germany will gather on Marx-Engels Square to begin a three-day celebration of their country's 40th anniversary. Guest of honor at the speeches and parades will be Soviet President Mikhail Gorbachev, whose program of reforms has been dismissed as "unnecessary" by the aged, tradition-bound leaders who will be his hosts. If past birthdays are any indication, the East German speakers will proclaim how every day "the superiority of socialist society is clearly demonstrated...