Word: owner
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Dates: during 1980-1989
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Correspondent Priscilla Painton had been in New York City only a few months when it began to dawn on her that perhaps all roads led to Atlantic City. When Gaddafi-linked terrorists threatened to attack the U.S., what city were they rumored to have chosen? When casino owner Donald Trump insulted hotel queen Leona Helmsley, what were they fighting over? When Cher made a concert tour comeback after eight years, where did she open? The answer every time: Atlantic City. So Painton set out to discover the lure. "The only thing I knew about Atlantic City was that Louis Malle...
...Bank of Crete scandal involves allegations by the bank's owner, George Koskotas, that he systematically looted the Athens-based institution of some $210 million, and then distributed much of the money to high-ranking members of the Socialist Party (PASOK), including the Prime Minister. The commission said it found enough corroboration of Koskotas' charges, which he first made publicly in exclusive interviews with TIME last March,* to recommend prosecution of Papandreou for bribe taking and receiving stolen money...
Three things make next week's debut of the St. Louis Sun a little different. First, owner Ralph Ingersoll II, 43, is no self-deluding newcomer but a crafty revamper of smaller papers whose privately held companies have sales that place them among the top dozen U.S. newspaper groups -- and whose biggest concentration of holdings is in the suburbs of St. Louis. Second, Ingersoll has inherited knowledge about the trials of a big-city start-up: his late father Ralph, a onetime general manager of Time Inc., founded the critically acclaimed New York City daily PM, which lasted eight years...
Bloomingdale's plans to mount its usual theatrical holiday display of luxury goods. But by the time the gold, frankincense and furs are gone, the mecca for wealthy consumers may be yielding its profits to a new owner. Campeau, meanwhile, must find more ways to meet $1 billion in annual interest payments. Says retailing analyst Walter Loeb: "He's going to have to sell more than just Bloomingdale's to get out of the hole he's dug for himself...
Since delivery time can be ruinous to certain dishes, some chefs refuse to send out such items as fried chicken and fresh-shucked oysters and clams. Manhattan's Water Club restaurant stopped delivering food on a regular basis after a one-month trial because, says owner Michael O'Keeffe, "fine meals have to be served a few moments after being cooked." Other restaurateurs have < devised special techniques to deal with the time lag. Some chefs undercook fish, for example, allowing it to continue heating in delivery trucks' warming ovens. Pierre Saint-Denis, chef-owner of Manhattan's Le Refuge, stabilizes...