Word: trumps
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...Donald Trump is not alone in his misery. Hapless borrowers, crushed by debts they assumed during the go-go 1980s, have made the term "cash crunch" a byword of the '90s. The average U.S. company is so loaded down with loans that it must spend fully 50% of its pretax earnings on interest payments, vs. 32% in 1980. "The major issue facing the nation is that people and companies can't live off debt indefinitely," says Louis Masotti, a professor at the Stanford and Northwestern business schools...
...Donald Trump is up to his neck in debt, and his bankers are getting nervous. He may have to shrink his empire to stay afloat. -- A new theme park is off to a shaky but promising start...
Maybe I can create my own ladder of success--Harvard, bus greeter, train greeter, airplane greeter. By the time I am out of graduate school, I'll have worked my way up greeting Donald Trump's personal limousine...
Take last Monday night's prime-time schedule. Murphy Brown and Capital News depict journalistic superstars strutting down the corridors of power in Washington. Working Girl is climbing her way into the upper echelons of New York corporate life; next maybe Tess will be dating Donald Trump. In Atlanta the Designing Women are even less likely than Scarlett O'Hara ever to be hungry again. Newhart is living the yuppie fantasy of owning a Vermont country inn. Even the downwardly mobile Philadelphia lawyer of Shannon's Deal can still manage to take a first date out for a $172 restaurant...
...Trump's fondness for folding money may be more pressing than he admits. He needs an abundant cash flow to make payments on his many leveraged holdings. In its May 14 issue, Forbes magazine has cut its estimate of Trump's net worth by two-thirds, to a mere $500 million. Trump denies he is a little short: "When you have $400 million in cash, you don't need cash." More pocket change may be coming Trump's way. The Trump Princess, his 282-ft. yacht, is sailing the Far East looking for a new owner. Asking price: $110 million...