Word: northeasterly
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Dates: during 1990-1999
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Trump's search for cash is proving painful because the economic conditions that fueled his juggernaut have changed sharply. The slumping Northeast economy has undermined real-estate values, so that many of Trump's properties are worth far less than he estimated when he borrowed against them to make other purchases. Real-estate experts believe that if Trump were to sell the Plaza Hotel, which he bought in 1988 for $400 million and spent at least $25 million refurbishing, he could lose millions on the investment...
...York State illustrates the predicament. Each year New Yorkers turn in 490,000 tons of newsprint for recycling (out of 1.4 million tons they purchase). Yet the area's newspapers use only 130,000 tons of recycled material yearly. Since the entire Northeast has just one recycling plant, much of the waste paper is shipped abroad for re-use. Suffolk County legislator Maxine Postal, who sponsored the tougher bill, claims that its whole point is to entice paper companies to add de-inking facilities (cost: $40 million to $80 million each) or to build new recycling plants (at $450 million...
...immediate reasons for Knight's departure seem obvious. The pressure to play for a rising national power could have been too much--forcing Knight to make a full, not -stop commitment to the team. The arrival of a new corps of recruits--many from California and the Northeast--hinted that the team might be headed in a different direction...
This is important, according to Fish, because the hardball squash played in the narrow courts and so common in the American northeast is harder for novices to learn than its softball compatriot...
...squash has kept its elitist roots, because hardball is more discouraging to pick up," Fish says. "There is a built-in inertia in the northeast because there are so many narrow courts. In other countries, people can really pick it up, get involved and enjoy themselves...