Word: walling
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Dates: during 1980-1989
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...walk in, we know their name, and that's the biggest thing we do for them." For most players, however, gambling is simply a thrilling adventure on the edge of willpower -- risk taking at its safest, with fantasy and freebies thrown in. "Atlantic City is a better break than Wall Street, and you can put the money in your pocket," says William A. Fountain, a food salesman who heads for Harrah's Marina Hotel Casino every Saturday...
...considerations when maintaining airlines." At Northwest, which paid a $650,000 fine to the FAA last month after a 1988 inspection turned up a list of maintenance problems, officials contend that the carrier has an ample cash flow to repay its debt without lowering its maintenance standards. Wall Street analysts tend to accept such views. Says Julius Maldutis, who follows the industry for Salomon Brothers: "I don't believe that any responsible management would hinder maintenance as a result of leveraged buyouts...
David Dinkins has been in politics for almost as long as Bradley, but he seems newer to many New York voters. He has garnered far fewer headlines than Giuliani, who made a name for himself with high-profile cases against Mafia chiefs and Wall Street cheats. Last week elated black voters were greeting Dinkins' victory with tears and shouts of celebration. But some had also already reined in their expectations about what any mayor, black or white, can achieve. "With the Dinkins victory, there is hope," says Utrice Leid, managing editor of the City Sun, a Brooklyn-based newspaper aimed...
...junk bonds. That disclosure sparked the market's worst drubbing since the Crash of 1987, as traders rushed to dump their holdings. During the week, junk-bond issues fell in price by $10 to as much as $130 for each $1,000 in face value. The rout left Wall Streeters wondering whether the securities that had fueled the decade's wave of takeovers and buyouts might be headed for a long-term crisis of confidence...
...dramatic stampede of more than 14,000 East Germans into West Germany last week followed Hungary's decision to grant the refugees passage across its border with Austria. The ensuing crush marked the largest mass exodus from behind the Iron Curtain since the Berlin Wall was erected in 1961. True, the flow was a trickle compared with the hemorrhage of 3 million East Germans to the West between 1949 and 1961. But this time there was the remarkable sight of Hungary bucking its Communist ally to assist the East German refugees in their quest to begin new lives...