Word: bargain
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Dates: during 1990-1990
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More than a thousand bargain hunters and curiosity seekers showed up under a bright orange-and-white tent 10 miles outside Reno last week to watch the ultimate strip show at the legendary Mustang Ranch. The Internal Revenue Service put the 330-acre establishment, Nevada's oldest legal bordello, on the auction block when its previous owners failed to pay $13 million in back taxes. Going, going, gone -- for $1.5 million -- was the 104-room hot-sheet palace itself (actually two pink stucco buildings with a guard tower). Also gaveled off, for about $500,000 more, were such appointments...
Tragically, it seems pointless even to speculate. Harvard students, with the exception of some ROTC students, are not part of the dying class, and the Roberts family is. We members of the American elite have a great bargain going: we're content to let the unfortunates in our "all-volunteer" army do the dying, and policy makers will let us get away with...
...grammar school dropout, Weinberg built his fortune by buying Baltimore real estate at bargain prices and later investing in transit companies and Hawaiian properties. Weinberg's largesse was not entirely a surprise. During a 1984 visit to Israel, he donated $1 million to buy air conditioners for the country's nursing homes...
...loan payments, which average 30% of corporate cash flow, often divert money away from more productive pursuits, including research, advertising and capital spending. While Phillips Petroleum was digging out from under its $9 billion debt, the corporation had to pass up several opportunities to acquire crude-oil reserves at bargain prices...
Last week Central American Airlines, owned partly by former Sandinista officials, inaugurated service between Managua and Miami, its rented Boeing 727 less than half-filled with passengers lured by a bargain $275 round-trip fare. Said CAAL director Herty Lewites, the former Minister of Tourism: "I want to be the richest man in Nicaragua." Backed by $1.75 million from a Nicaraguan-born millionaire living in Greece, CAAL hopes its thrice-weekly flights can undercut state-owned Aeronica, which charges...