Word: tradings
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Dates: during 1980-1989
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...months WSGP has bought up five financial institutions, including Honolulu Federal Savings & Loan (assets: $1.7 billion), Southern California Savings ($1.5 billion) and World Trade Bancorp ($100 million), all for $119 million. The group's method is to look for bargains among sinking thrifts that also possess attractive real estate holdings. Then WSGP strips the institutions of problem loans and injects them with fresh capital, with the aim of selling out at big profits...
...kind that have lately been jostling away at one another -- and at our innocent colonial funny bones. As a group they form a kind of Disasterpiece Theater, more blithely brutal than typically British, and likely to prove ruinous to the national image, not to mention the tourist trade...
...major beneficiaries of the improving East-West climate are ordinary Germans, who are increasingly able to travel, trade and exchange cultural assets across their border. Honecker may have spoken for both leaders a few years ago when, at a meeting with West German parliamentarians, he plaintively asked, "Must we do everything through our big brothers?" As Honecker revisits his homeland next week, many Germans will be hoping that the answer is no, not everything...
Many of his customers return within three years to trade up to a superyacht. "Twenty-five years ago, a 120-footer was for kings and princes," says Denison. "Now the average boat we build is 90 feet." As for size, which matters greatly to yacht owners, King Fahd of Saudi Arabia owns the world's biggest yacht, the 482-ft. Abdul Aziz, which includes a mosque and a movie theater that seats 100. Because the King's yacht is currently in drydock, the unquestioned ruler of the waves is Queen Elizabeth's 412-ft. Britannia...
...midnight coup was not the first event to disturb Aquino's sleep last week. Two days earlier the President provoked a general strike by leftist and conservative trade unions, angry over a recently announced hike in gasoline prices, from $1.24 to $1.49 per gal. In a country where the average annual income is barely $600 a year, the increase was stunning. Though Aquino finally declared a partial rollback of the hike, thousands of Filipinos walked off their jobs and out of their classrooms in the largest show of protest since Aquino assumed the presidency. After the strike went into...