Word: resorts
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Dates: during 1980-1989
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...cash reserves from U.S. banks to prevent any effort by Washington to freeze them. When foreign ministers and finance chiefs from five major debtors--Brazil ($104 billion), Mexico ($97 billion), Argentina ($49 billion), Venezuela ($32 billion) and Peru ($14 billion)--gathered late in the week near the Uruguayan seaside resort of Punta del Este for an emergency meeting, they drafted an urgent plea for more lenient terms from Western banks...
While a falling dollar may limit the bargains available to U.S. travelers who venture overseas, it should boost the domestic tourist industry. In Florida, which boasts attractions ranging from Disney World to Miami Beach, hoteliers and resort owners expect a hectic year. Arnold Keithlin, marketing vice president of the Sonesta Beach Hotel on Key Biscayne, met last month with European travel arrangers and came away beaming: "They were forecasting a 35%-to-45% increase in their use of tourist facilities here this summer because of the depreciation of the dollar. They are all very bullish, very optimistic...
Sitting more or less alone in his suite at a luxury hotel in the French lakeside resort of Talloires, Jean-Claude ("Baby Doc") Duvalier remained a tyrant without a country. France's government, waging an uphill battle to win legislative elections next month, is anxious indeed to unload the former Haitian dictator. With here's-your-hat bluntness, Prime Minister Laurent Fabius snapped, "We want him to leave as quickly as possible." The U.S., which provided a military transport to fly Duvalier and his entourage into exile three weeks ago, refuses to give Baby Doc asylum. Liberia, the only nation...
...Valley, ski resort to upscale downhillers, schussed past 50 last week, and as prelude to the birthday, dozens of showfolk showed up in Idaho for the second annual Sun Valley Celebrity Ski Invitational. The highlight of the event: a charity auction presided over by Paul Newman that raised an estimated $140,000 for the Scott Newman Foundation for drug rehabilitation, established by the actor following his son's 1978 overdose death. Setting some kind of record for psychiatric fees, Brooke Shields' mother Teri bid $12,000 for a one-hour "consultation" with TV's Dr. Ruth (Good Sex) Westheimer. Asked...
...City's reluctant Scrooge is Arnold Thomas, 32, who heads the local office of the Farmers Home Administration. He has the unpleasant duty, as the agent of the Federal Government's lender of last resort, to foreclose on farmers who cannot keep up their debt payments. After a two-year moratorium on foreclosures, Thomas is now sending out letters politely advising farmers on how to avoid default through loan reschedulings, reamortization, even voluntary liquidation. "It bothers me to foreclose," says Thomas. "If it didn't, you wouldn't be human. I try to leave my job at the office. Otherwise...