Word: walls
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Dates: during 1980-1989
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...billion buyout, to be financed mostly by giving Commercial Credit stock to Primerica shareholders, marks a triumphant return to Wall Street for Weill, 55, who built the investment firm that has become Shearson Lehman Hutton. What gave Weill his opportunity was a strategic miscalculation by Primerica Chairman Gerald Tsai, 59, who paid a lofty $750 million for Smith Barney just a few months before last year's crash. The debt he incurred in buying the firm became burdensome when Smith Barney's brokerage business sagged after Black Monday. Weill, as head of the combined firm, intends to sell Primerica...
...Danny Wall, the chief U.S. regulator of savings and loans, is on a bailout binge. Last week the Federal Home Loan Bank Board, whose Federal Savings and Loan Insurance Corporation guarantees thrift deposits, said it would spend $1.9 billion to rescue 14 ailing Oklahoma S and Ls. The Bank Board merged the thrifts into six larger institutions in the hope of selling them to private investors. With the Oklahoma rescue, the agency has laid out a total of $9.8 billion in the latter half of August to salvage 45 thrifts, most of them in the financially troubled Southwest...
...Wall's spending spree is motivated partly by deadlines, he acknowledges. The regulator wants to expedite bailouts before the current fiscal year ends, on Sept. 30, so that next year's FSLIC spending will stay within the confines of the Gramm-Rudman deficit-reduction law. Wall's next rescue candidate could be a whopper: the American Savings and Loan Association of Stockton, Calif., whose bail-out may cost $2 billion...
According to the owners of the restaurant, Ta Chien is alive and living in Taiwan. He likes hot, spicy food. That's the wole story, were not the mystery rekindled by the limited edition Ta Chien print on the wall. It is a landscape, viewed through a peculiar window a foot high and perhaps ten feet long. There are sea, land and river mouths, but the whole is rendered abstract and emotionally disturbed by the odd shape and the subtle colors. It is a plain and impenetrable as Dylan's "Sad-Eyed Lady of the Lowlands," despite helpful paper signs...
...that since Dame Cicely was married for the first time eight years ago, "she has been a much happier person." She shows immense tenderness to her husband, bringing him to the hospice every day from their home nearby to paint in an upstairs studio. His pictures adorn nearly every wall in St. Christopher's, a blaze of colorful Crucifixions and abstracts that, she says, "are icons of life...