Word: yachting
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Dates: during 1990-1999
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American Express never really wanted a 282-ft. yacht. Bankers Trust isn't sure what it will do with the Grand Hyatt in midtown Manhattan, especially in the middle of a recession, nor is Manufacturers Hanover exactly giddy about owning the Regency Hotel in Atlantic City. But then Citicorp is not exactly cut out to be a retailer or an airline operator, either...
That's one way of describing what has befallen him. While he will give up his beloved Trump Princess yacht, the Trump Shuttle, the Regency, his half- interest in the Hyatt and his 27% interest in the Alexander's store chain, he will retain the Manhattan trophies he values most: the Plaza Hotel, Fifth Avenue's Trump Tower and a valuable tract of undeveloped Hudson River waterfront. He'll also keep his lavish Mar-a-Lago estate in Palm Beach, Fla., which features a 118-room mansion and a nine-hole golf course...
...fishermen, Belize is a paradise and always has been. Its big holiday, after Christmas, is Baron Bliss Day on March 9. The festival commemorates an eccentric English nobleman who went there for the fishing, died in 1926 on his yacht in Belize harbor and left a part of his fortune to the colony -- a grateful sportsman if ever there was one. But in its obscurity, Belize gets only 1% of the tourist traffic to Central America, although word about it has begun...
...Superman movies). For the tabloid's fans, Maxwell's moxie may prove congenial. He has shown a shrewd feel for the city's odd blend of worldliness and parochialism. Playing to Manhattanites' penchant for embracing almost any outsider who professes himself instantly smitten with their metropolis, Maxwell arrived by yacht to start negotiations and, before stepping into a waiting Cadillac, spoke the tantric words, "I love New York." Recalling the tradition of the News as "the people's paper," Maxwell said, "I want it to be, first and foremost, the voice of New York for the ordinary man. It will...
...residences are part of "general administration" in support of research, and they charge the government anywhere from 14% to 68% of the maintenance costs. Other universities, such as Yale and Johns Hopkins, consider the amount involved too small to bother recovering from the government. Unlike those for Stanford's yacht, such charges are legal. Still, they are difficult to defend. "The public doesn't think the president's mansion ought to be shifted to the research budget," says Norman Scott, vice president for research and advanced studies at Cornell. "It doesn't smell good...