Word: resorts
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Dates: during 1980-1989
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...dream deregulation bill, the Garn-St. Germain Act. That law created a new breed of thrift operator. In came highflyers like Keating who shifted their depositors' money (now insured for $100,000 instead of $40,000) from unexciting residential mortgages to potentially more lucrative but indisputably riskier shopping malls, resort developments, energy-generating windmills. The new breed awarded themselves seven-digit salaries, private jets, hunting preserves and yachts on which to entertain members of Congress. Keating and his associates took $21 million from Lincoln even as it was heading into receivership. Named head of the Office of Thrift Supervision...
...many would-be parents, the recent revolution in prenatal genetic testing has created agonizing dilemmas. If the tests reveal genetic abnormalities in the fetus, the mother and father must either have a handicapped child or resort to abortion. At best the choice is painful. For some, it is the worst kind of moral quandary...
...partners, partly because of the unspoken fear that the pool would include a higher proportion of gay males at risk for AIDS. In West Hollywood when the city decided to provide health coverage to its employees' domestic partners, no insurance company would underwrite the business. The city had to resort to self-insurance. So far that has resulted in a drop in costs, but it has not yet encouraged leading insurance companies to consider offering domestic-partnershi p plans...
...week later, regular five-car, six-night-a-week service from both Chicago and Washington will begin, with American-European Express running as self- contained segments of regular Amtrak trains. "On the seventh day," says Bill Spann, the Panama City resort owner who heads the venture, "we polish mahogany." There is a lot to polish, all solid wood, installed by cabinetmakers who usually work on yachts...
...needed and how to pay for it. It is hard to see how any significant amount could be made available without a hike in either sales or gasoline taxes. Deukmejian, who has taken a Bush-like antitax position, said last week that such a boost "would be a last resort...