Word: metropolitan
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Dates: during 1980-1989
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While the Soviet schedulers drew up the standard list of New York City tourist attractions -- the Metropolitan Museum of Art, the World Trade Center, Broadway -- Gorbachev also accepted an earlier invitation: to visit the brass- and-glass high-rise office-and-apartment complex and atrial shopping mecca on Fifth Avenue, and enjoy a private dinner with megabuilder Donald Trump and his wife Ivana. Does private mean just the Trumps and the Gorbachevs? Trump, who was called directly by a Soviet official, says, "It seems that...
...have proliferated in the past decade. The management group is planning to take apart a merger, between RJR and Nabisco, that they hailed only three years ago as a brilliant strategic move. "What is being done threatens the very basis of our capitalist system," said John Creedon, president of Metropolitan Life Insurance company, which is suing RJR because the potential buyout has undermined the value of all bonds that the food and tobacco company sold before the announcement. Not everyone was alarmed. Said Harry D'Angelo, a finance professor at the University of Michigan: "I don't see any major...
...IOUs would saddle the company with a riskier load of debt, the old bonds get clobbered. No sooner had Johnson disclosed that he wanted to buy RJR Nabisco, for example, than the company's $5 billion of outstanding bonds lost 20% of their value. Furious bondholders, including Metropolitan Life and ITT, immediately sued for damages. Declared Metropolitan Life chairman Creedon: "No one in his right mind wants to invest in corporate bonds anymore." In fact, the LBO binge has created a financial innovation called the "poison put," which guarantees bondholders against the risk of buyouts and other unexpected deals that...
...Metropolitan Opera Cookbook (Stewart, Tabori & Chang; $30), edited by Jules Bond, features recipes from the stars of the great opera house. At first glance, it would seem a gimmicky celebrity come-on, short on substance. Not so. Opera folk tend to love food, and since they hail from so many countries, the collection is rich and varied. Like many Met productions, the book is visually gorgeous; in fact, it is too pretty to cook by. It would be nice to have a recipes-only version for the kitchen. With luck it would still include Sherill Milne's Hungarian goulash soup...
Harvard (1-0 Boston Metropolitan League) took an early lead, jumping out to a two-point lead after the first round of five games--three-and-a-half to one-and-a-half points...