Word: waterfronts
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...could have got so deeply in trouble. The fund was headed by legendary trader John Meriwether, who helped make Salomon Brothers the top bond house of the 1980s, as recounted in the best seller Liar's Poker by Michael Lewis. The partners, who worked out of waterfront offices in tony Greenwich, Conn., included Nobel-prizewinning economists Myron Scholes and Robert Merton and former Fed Vice Chairman David Mullins. As their price for the bailout, the creditors acquired a 90% stake in the fund, which effectively removed Meriwether and his partners from power. But huge management fees that the partners have...
...celebration. In the harbor on Robben Island, where Mandela spent most of his internment, an eternal flame of freedom will be lighted during a ceremony that will be televised around the world. "We are planning a message of light and of hope," says David Jack, who heads the Waterfront Project, one of the world's most ambitious dockland developments. The 15-year, $500 million undertaking, which includes five-star hotels, restaurants, theaters and craft markets, will eventually extend into the city's foreshore via a negotiable canal access system...
...fellow African, I sympathize with the families of all those who were killed or injured in the Nairobi and Dar es Salaam embassy blasts [WORLD, Aug. 17]. In some countries, the U.S. embassy is in a strategically secure location, but in Kenya it is in a densely populated residential waterfront area where the neighboring buildings are other embassies and elementary schools. It's time the U.S. government reviewed security measures for its buildings and reassessed their location to protect the people who live or work near these embassies. And international terrorists need to be watched more closely than ever...
Cape Town, my hometown, is a little like the pub in "Cheers" -- a place where everybody knows your name. And that may not be a good thing for the people who bombed a locally owned Planet Hollywood restaurant in the city's tourist-oriented Waterfront. Rounding up the usual suspects shouldn't prove too difficult for the police -- when a representative of a group styling itself Muslims Against Global Oppression called a local radio journalist to claim responsibility, the journalist is reported to have potentially recognized the caller's voice. It's that small a town...
...reconstruction of the Mayflower and a preserved waterfront also grace Plymouth's harbor. The town pays homage to eastern Massachusetts' staple crop as the home of Cranberry World...