Word: staked
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Dates: during 1980-1989
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...president are significant," he says. "They range all the way from the obvious physical danger--the danger of assassination--to the fact that this is not the kind of thing that the political establishment of this country really welcomes with open arms. So people who felt they had a stake, for example, in the Democratic party saw this--the idea of a Black running or even supporting a Black for president--as a very traumatic and destabilizing thing with respect to their own involvement with that party...
...sloppy service. Jan Carlzon, president of Scandinavian Airlines System, pilots a peaceful, profitable, smooth-running fleet. Yet last week the two men shook hands on a deal billed as the industry's first global alliance among major international carriers. For up to $50 million, SAS will buy a 10% stake in Texas Air and gain greater access to the U.S. market by leasing the rights to three of Continental's 41 gates at New Jersey's Newark airport. Each airline will feed passengers into the other's route systems and share some ground crews and training centers. Said Lorenzo...
OOPS! BAD TIME TO GO OUT ON A LIMB. Robert Holmes a Court, 51, Australia's first billionaire, was heading for a fall last year when he bought huge blocks of stock, including a 10% stake in Texaco. The crash cut his personal fortune from an estimated $1.1 billion in mid-1987 to $400 million now. Lately, instead of stalking giant corporations on several continents, the Perth-based investor has been making far more modest acquisitions, such as sheep ranches, land for an industrial park and paintings for his private collection...
...forced Bush to work hard in his home state; like Dukakis, the Vice President was there again last week. The Democrat's hope is that the oil recession will raise indignation high enough to smother Bush's appeals to Texans' macho instincts. Both sides have so much at stake that neither can be seen as backing away...
Instead of forgiving loans, bankers are swapping debt for equity stakes in local companies. Citicorp last month swapped $66 million of Chile's debt for a $56 million stake in a forestry project. Some loans are being taken over by organizations concerned about the welfare of developing nations. Conservation International, for example, bought $650,000 worth of Bolivian debt from Citicorp at the discounted price of $100,000. Instead of demanding payments on the loan, the nonprofit organization has created a wildlife sanctuary in the Amazon Basin that the Bolivian government has agreed to protect...