Word: trumping
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...completely at the mercy of your machine," says contestant Deloure Mustico, a Trump Castle regular who looks like a cross between Dolly Parton and Eva Gabor. Not long ago, as she was on her way to winning a $5,000 jackpot, Mustico heard the Donald's voice booming behind her: "Are you going to take all my money, Deloure?" Mustico, who was a Holiday on Ice figure skater in the late '50s, pushes back her luxuriant blond coiffure and smiles wistfully. "That was a lovely moment, almost as much fun as winning the $5,000." She also has fond memories...
BUSINESS: Trump trips...
Meet Donald Trump's bankers. Like the characters in the fairy tale The Emperor's New Clothes, a gaggle of major financial institutions has finally been forced to admit, after lending Trump billions of dollars, that there's a lot less to the emperor -- or at least his empire -- than the banks had believed. Not quite nine months after bailing out Trump with a rescue package that gave him $65 million in new loans and eased credit terms on his bank debt, Trump's bankers last week stopped the game. Already more than $3.8 billion in the hole and sliding...
While many of the details remain to be settled in coming weeks, the broad outlines are clear -- and despite his desperate situation, Trump, who has always prided himself on his mastery of dealmaking, once again seems to have come up with a strong hand. Pooh-poohing any notion that he was cornered, Trump insisted last week that the talks were friendly. "I have a great relationship with the banks," he said, adding airily, "The 1990s are a decade of deleveraging. I'm doing...
That's one way of describing what has befallen him. While he will give up his beloved Trump Princess yacht, the Trump Shuttle, the Regency, his half- interest in the Hyatt and his 27% interest in the Alexander's store chain, he will retain the Manhattan trophies he values most: the Plaza Hotel, Fifth Avenue's Trump Tower and a valuable tract of undeveloped Hudson River waterfront. He'll also keep his lavish Mar-a-Lago estate in Palm Beach, Fla., which features a 118-room mansion and a nine-hole golf course...