Word: ren
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Dates: during 1980-1989
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...same end. The concern among observers is whether the White House policy managers are adept enough at this delicate diplomatic and military game to know when to call off the troops and strike a bargain. So far, however, U.S. allies seem comparatively unalarmed by Reagan's military responses. René Herrmann of the Atlantic Institute for International Affairs, a think tank in Paris, voices the cautious European diplomatic view: "The question is whether the U.S. risks trying to play too tough a game in a conflict that is basically second-rate...
...live and work in a city combine their efforts toward a common goal." So said Michigan Governor William Milliken five years ago of Detroit's new $357 million cluster of five glass towers, a 32-acre complex aimed at reviving the city's decaying downtown area. Now Ren Cen stands as a symbol of hard times. The center defaulted last week on its mortgage debt of more than $200 million by failing to make a scheduled payment of $10 million...
Built by a consortium led by Henry Ford II, Ren Cen consists of a 73-story hotel and four 39-story office buildings. Since it opened in 1977, the center has lost $140 million, prompting the Detroit Free Press to call it "perhaps the country's largest white elephant." Ren Cen first fell behind on its mortgage in 1980, but managed to renegotiate its payment schedule. Nonetheless, as unemployment in Detroit surged, the center remained in the red. Some 40% of its space for retail stores is empty; 95% of its office area is occupied, but only at deeply...
Last April Ren Cen's owner, Ford Motor Land Development, announced that it was selling the center for $500 million. But the buyers, Chicago Lawyer Theodore Netzky and two partners, failed to raise money to close the deal and are still looking for investors. The mortgage holders, four insurance companies and Ford Motor Credit Co., are meeting to consider options other than foreclosure...
...directed" Yol while in prison, smuggling sketches and instructions for each shot of his screenplay to Şerif Gören, his assistant, who then realized Güney's film plan. Perhaps because of this long-distance arrangement, Yol possesses a clarity of imagery and an editorial crispness not evident in Güney's other films. It is dour but never dull; it proceeds with an assurance born of passion and technical expertise. The picture may thus serve as the announcement of an adroit new director in Gören, a canny marshaler of film machinery...