Word: optioning
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Dates: during 1980-1989
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Meanwhile, rumors about Bond's delay in paying up were spreading through financial circles. Last January an Australian finance company approached an auction house in London with the utterly novel idea of packaging an option on Irises, in the event that Dallhold Investments -- the holding company through which Bond owned the picture -- defaulted. The auction house rejected this proposal. In late 1988 Bond himself reportedly tried to pass off Irises to the New York megadeveloper Donald Trump as partial payment on a $180 million deal for the St. Moritz Hotel. Trump, no collector, said the painting was worth only...
...short, not quite so homely. It just seems that way because his 5-ft. 10-in., 148-lb. frame is diminished, standing, as he is, at the edge of a grove of young Paul Bunyans. He's talking to -- no, he's shouting at -- one of them. About the option play. How to execute it correctly. As he plants one foot and pivots decisively, moving his hands in a precise pattern that he's repeated thousands of times before, the young man in the football jersey barks...
Still, the most ardent support for partnership rights comes from gay groups. For them the issue is more pressing: heterosexual couples at least have the option to wed if they wish to be eligible for family benefits, but gays do not. (Denmark in October became the only industrial nation to allow registered gay partnerships.) In addition, the spread of AIDS has raised the importance for gays of medical coverage, bereavement-leave policies, pension rules, hospital visitation rights and laws giving family members the authority to make medical decisions and funeral arrangements. "We are not talking about symbols here," says Thomas...
...attempt to clarify the murky statistics, the Census Bureau is making a major change in family categories when its decennial count begins in April. For the first time, couples living together will have the option to designate themselves "unmarried partners." The bureau has not yet said whether it will get explicit about the precise sexual and emotional relationship that distinguishes "unmarried partners" from another category in the survey, "housemates-roomma tes." (Those who have to ask can perhaps be assumed to be merely roommates...
President Bok should take a close look at these sugestions. If he ignores them now, he will be stuck in a couple of months when his only option for raising money is to convince a public television station to run a phone bank drive. And the chances of that happening are about a billion...