Word: resorting
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Dates: during 1980-1989
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...Francisco had found enough bad loans and shaky business practices to shut it down. After Keating purchased Lincoln in 1984, he switched from investing in safe, single-family mortgages to go-go deals in raw land, junk bonds and huge development projects like the $900-a-night Phoenician Resort in Scottsdale, Ariz...
...them beyond D'Amato's reach. D'Amato also helped gain HUD financing for work in his hometown on Long Island, where his brother Armand, a lawyer, profited from the closings on house sales. Armand D'Amato also represented a company that won a HUD contract for a luxury resort rather than housing for the poor...
...talking about Club Med--you know, the posh resort chain that bills itself the "antidote to civilization," where decadent New York singles trade in dollars at the beginning of their stays for the clever, back-to-nature currency of beads...
...resort and university town of Santa Cruz, 75 miles south of San Francisco, Heidi Nyburg was enjoying the ocean view as she strolled along West Cliff Drive. When she approached the Dream Inn, where she works as a desk clerk, her serenity vanished. "Cars were bumping up and down. People were falling off their bikes, running everywhere, getting out of their cars. Women were screaming. It was panic." Blocks away, turn-of-the-century houses swayed and crumpled. The entire downtown area, including the Pacific Garden Mall, was devastated. Three people were crushed to death. Outside Santa Cruz, the community...
Sequestration is the last resort of national politicians unwilling to cut government spending in much the same way that patriotism is called the last refuge of scoundrels. The obscure word, which looks like a refugee from a crossword puzzle, means seizure, and that is what happened last week. President Bush directed all federal agencies to meet the budget-deficit- reduction targets specified by the Gramm-Rudman-Hollings law by imposing $16.1 billion in across-the-board spending cuts. Worthy domestic-spending programs such as subsidized housing were cut the same 5.3% as pork-barrel projects like the Agricultural Extension Service...