Word: trumps
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Dates: during 1990-1999
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Amid all the cheers, a few small doubts have been raised. "It's hard not to see in Lincoln Center's bicentennial gourmandizing a musical Trump Tower," Berkeley musicologist Richard Taruskin complained in the New York Times. The Economist was concerned that "the world will be in grave danger of suffering from surfeit." "Mozart will be everywhere," sighed the French weekly L'Express, "on posters, the radio, the front page . . . not to mention Viennese confections and chocolate Mozarts. Mozart wrote, 'I would like to have all that is good, true and beautiful.' Well, so he will and, alas, all that...
Cash-strapped Donald Trump surprised all the experts last December when he came up with an $18.4 million bond payment on his Trump Castle casino in Atlantic City. At the time, Trump explained that the casino got an infusion of a "relatively small amount of money." Relative is right. The Wall Street Journal reported last week that Trump's 85-year-old father Fred, a megarich developer based in Brooklyn, dispatched a lawyer in December to buy $3 million worth of chips at Trump Castle, in effect giving Donald a loan. Last week the younger Trump would acknowledge only that...
Many of the biggest high rollers were New York City banks that lavished loans on everyone from Latin American dictators to Donald Trump. At the same time, they helped finance the 1980s real estate boom that has filled U.S. cities with vacant office towers and dotted suburbia with empty condominiums. "Citicorp was hurt the most," says Thomas Brown, a Paine Webber banking analyst. "Then come Chemical, Chase and Bank of New York...
Most Overleveraged Spin-Off Donald Trump's securities were revealed to be guilt-edged when he went public with an illicit dividend, model Marla Maples. Ivana's projections for a divorce settlement plummeted when the Donald's teetering real estate empire had to give credit where credit was due. Principle was lacking all round. Interest dwindled...
During the year, the symbolic targets of the '80s were shot down one by one: Donald Trump, Leona Helmsley, Imelda Marcos, Manuel Noriega, Michael Milken. Each comeuppance inspired an uneasy mix of glee and fear -- uneasy because we had so lately embraced the values of those whose falls we were cheering...