Word: resorts
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Dates: during 1980-1989
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With so much attention directed at the FSLIC as the rescuer of last resort, many experts have begun wondering whether that fund is adequate. The increasing number of federal rescue missions has shrunk the FSLIC's reserve pool from a longtime average of 1.2% of all deposits to just .76%, or about $6 billion. As a result, the FSLIC has asked Congress for permission to begin charging higher insurance premiums to thrifts that get into risky investments. That would create a larger reserve pool and provide an incentive for sound management...
...become as circumspect as Swiss bankers. So it went with the merger between Allied and Signal, announced last week. Edward Hennessy Jr., Allied's chairman, along with Forrest Shumway and Michael Dingman, Signal's chairman and president, met March 5 at Marriott's Camelback Inn, a plush Scottsdale, Ariz., resort with two 18-hole golf courses, two swimming pools and ten tennis courts. Hennessy and Dingman registered under the last name of Dingman's secretary. Although the executives are fond of sports, they seldom left their rooms. When discussing the firms, they called Allied "East" and Signal "West...
...were dirty looking, scroungy . . . He grabbed me by both wrists." Tall, tan Kari Swenson, 23, a member of the U.S. biathlon team, was testifying about what happened to her when she encountered two strange men last July while on a training run not too far from the Big Sky resort in Montana. "The old man said they just wanted to talk for a while. He said, 'We don't get many women up in the mountains that we can talk...
...Speaker cannot and should not resort to the ways of his predecessor. The fear that representatives will not speak their minds if the press is present at the caucus meetings is groundless. There is always internal communication, but most important sometimes politicians must and should he encouraged to speak their minds. At least the public will then understand the choices being made--information to which it has a right...
...expected a change," says Will Adams. "It shows you how naive people are." Whenever the new owner appeared at the marina, fresh rumors broke out: their cozy anchorage would be replaced by a high-class resort with . tennis courts, gambling and gourmet restaurants. Some things were certain. Theurer had a custom sportfishing boat docked in the marina named the A/C D/C. He is 58. One of the few things he would tell a reporter was that he was raised in New York's Hell's Kitchen and never went past the seventh grade. He has a collection of gold chains...