Word: unloads
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...property that was to have raised sorely needed cash. While the agency attributed the cancellation to disagreements with the auction company, experts pinned part of the blame on sluggish real estate markets and tight credit policies among now cautious lenders. In a sign of the agency's eagerness to unload inventory, Seidman last week urged the government to provide financing for buyers to speed the sale of $50 billion in RTC holdings by the end of the year...
...other hand, his interaction with the audience is marvelous; Shalhoub clutches one audience member's legs and tries desperately to unload a bust of his uncle which bursts into song whenever it emerges from his pocket. Several of Shalhoub's extended monologues (one consists entirely of coughing) are excellent, and despite his external unpleasantness, the nephew's position is sympathetic. After all, most people have tried at some time or another to pretend that money doesn't matter, only to discover its vital importance when confronted with the need for sustenance and clothing...
...well as supplies used in the production of chemical weapons. Other Administration officials say the countries responsible include Libya, Yemen, Taiwan and South Africa. Yemen had earlier indicated that it would live up to its reluctant promise to abide by the embargo. It did allow one Iraqi tanker to unload at the port of Aden, but in response to international pressure it later refused to allow two others to discharge their cargo...
Fully loaded supertankers are anchored offshore awaiting space to unload their cargo. Even if Iraq's daily production of 3.1 million bbl. or Kuwait's 1.9 million bbl. were cut off, either by military action or by a U.S.-led embargo, a serious shortage would take time to develop. Countries like Saudi Arabia and Venezuela, which are producing below their capacity, could quickly fill...
Under attack for liquidating its holdings too slowly, which increases the need for cash infusions, the RTC has begun to speed up the pace. Last week Seidman announced the details of a "fall inventory-reduction sale," in which the agency will unload shuttered thrifts and seized assets by the end of the year. Up for grabs will be everything from junk bonds to golf courses to shopping malls. The $50 billion asset sell-off will refuel the bailout process, but it will take its toll on the U.S. by depressing, to some extent, an already weak real estate market...