Word: sweethearted
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...customers don't really even change. Take, for example, a conversation between oldtimers Sedgwick Witherspoon III '41 and former college sweetheart Candice Houghton Smith...
Calling Robert John Koch a ladies' man is an understatement. Police say Koch, 51, is the "Sweetheart Swindler," a cunning con man who left broken hearts and empty bank accounts across the country during 10 years of scams that involved more than 100 women. Authorities believe that Koch may be involved in fraud cases in 28 states, from California to Virginia. Says police detective Kenneth Kopesky of Kenosha, Wis.: "He tells lonely women he's rich, and wines and dines them. The next thing you know, he cons them out of their money...
...California-based entertainment conglomerate. MCA -- and now Matsushita -- owns the Yosemite Park and Curry Co., which operates the park's lodging facilities, restaurants, shops and services. In 1989 those concessions generated about $78 million in sales and an estimated $14 million to $17 million in profits. But under its sweetheart contract with the National Park Service, the company had to pay the government only $635,000. Such a huge private profit from a national resource is questionable enough, but the possibility that the money might flow to Japan is doubly troubling to many Americans...
...cities, the commercial- property market is reeling. Hundreds of empty office towers and abandoned construction sites dot downtown neighborhoods. In most places there is no new construction. Office rents are plunging, and vacancy and delinquency rates are soaring. Overleveraged developers are being forced to refinance their loans and offer sweetheart deals to prospective tenants -- free rent for a year, say, with an exercise room thrown into the bargain. Declares Richard Peiser, director of the Lusk Center for Real Estate Development at the University of Southern California: "We are going through the greatest restructuring of the real estate industry in this...
Talk about adding insult to injury. As if the initial S&L scandal were not outrageous enough, the government reports that, thanks to sweetheart deals handed to federally subsidized fat cats, the bailout program will cost taxpayers tens of billions more than it might have...